Which of the following is defined as gov property
~ - gov furnished property
- contractor acquired property
- property owned or leased to the gov or acquired by the gov under the terms of
the contract
** Intellectual property and software is NOT**
A latent defect is a defect
~ that exis...
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation?
✓~ Every 5 years
A form of written approval signed by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actionsi s
defined as a
✓~ determination and findings
Contracting officers below the level of ___ shall be selected and appointed
✓~ a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is delegable
unless
, ✓~ specifically stated otherwise
When an imperative sentence directs action in the FAR, who is responsible for
the action unless another party is expressly cited?
✓~ the CO
Unauthorized commitments are agreements that are NOT binding solely
because
✓~ the government representative who made the agreement lacked the authority to
enter into it
The simplified acquisition threshold for any contract in support of contingency
operations to be awarded and performed, or purchase to be made, outside of
the united states is
✓~ 1 million
Commercial Item
, ✓~ A non developmental item, if the procuring agency determines the item was
developed exclusively at private expense and sold in substantial quantities, on a
competitive basis, to multiple state and local governments
Consolidating 2 or more requirements for supplies or services, previosuly
provided or performed under seperate smaller contracts, into a solicitation for
a single contract that is likely to be unsuitable for award to a small business
concern is defined as
✓~ bundling
Which of the following are included in the definitions of "contracts"
✓~ letter contracts and job orders
The government can minimize the opportunity for buying in by using which of
the following techniques
✓~ multiyear contracting, priced options, and amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting government
contracts have long been considered contrary to public policy because
, ✓~ they may lead to exercise of improper influence
____ is any money, fee, commission, credit, gift, gratuity, thing of value, or
compensation of any kind which is provided directly or indirectly, to any prime
contractor, prime contractor employee, subcontractor, or subcontractor
employee for the purpose of improperly obtaining or rewarding favorable
treatment in connection with a prime contractor in connection with a
subcontract relating to a prime contract
✓~ Kickback
A contract with a corporation shall be signed by
✓~ in the corporate name, followed by the word "by" and the signature and title of
the person authorized to sign
Contractors must retain all records pertaining to a government contract for a
minimum or __ years
✓~ 3 years from the date of final payment, unless otherwise specified
Contractor representations and certifications
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