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CONTRACTING EXAM #1-4 QUESTIONS AND CORRECT DETAILED ANSWERS,A COMPLETE SOLUTION THAT COVERS 2024/2025 BEST EXAM GRADED A+ FOR SUCCESS$24.49
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What is conducted during Contract Administration? - CORRECT ANSWERS All post award
activities:
(Post-award Orientation, Contract Interpretation, Quality Assurance, Payment,
Modifications, Administration of Special Terms & Conditions, Government Property, Delays,
Disputes and Appeals, Terminations, Closeout)
The types of KOs and their duties: - CORRECT ANSWERS 1. Procuring Contracting Officer
(PCO) -
,CONTRACTING EXAM #1-4 QUESTIONS AND CORRECT DETAILED
ANSWERS,A COMPLETE SOLUTION THAT COVERS 2024/2025 BEST
EXAM GRADED A+ FOR SUCCESS
KO primarily engaged in awarding contracts
2. Administrative Contracting Officer (ACO) -
Primarily engaged in administering contracts (Post Award)
3. Termination Contracting Officer (TCO) -
Primarily engaged in Terminating Contracts1.
Contracting Officer is a person with the _____________ to enter into, administer, and/or
terminate contracts. - CORRECT ANSWERS authority
Christian Doctrine - CORRECT ANSWERS Legal rule providing that clauses required by
regulation to be included in government contracts will be read into a contract whether or
not physically included in the contract, unless a property deviation from the regulations has
been obtained.
What branch of government do we fall under? - CORRECT ANSWERS Executive
List some key success factors for effective team building? - CORRECT ANSWERS Leadership
Member Competency
Skill mix
Shared vision
Collaboration
Empowerment
Technology Support
Collocation
Team Size
, CONTRACTING EXAM #1-4 QUESTIONS AND CORRECT DETAILED
ANSWERS,A COMPLETE SOLUTION THAT COVERS 2024/2025 BEST
EXAM GRADED A+ FOR SUCCESS
What are some advantages of teamwork? - CORRECT ANSWERS - Able to do more together
than alone
- Able to share resources
- Able to brainstorm ideas
- Innovation and creativity is enhanced
- Able to create extraordinary results
- Individuals bring their own expertise
What are some disadvantages of teamwork? - CORRECT ANSWERS - Takes more time
- Takes effort
- Takes patience
- Getting everyone together and listen to all ideas
Identify members of the Acquisition Team - CORRECT ANSWERS - End user or customer
- Contracting professional
- Program Manager
- Contracting Officer's Representative (COR)
- Financial Manager
- Auditor
- Property Administrator
- Logistics Manager
- Legal
What added value does the contracting professional provide? - CORRECT ANSWERS a.
Combines business savvy with knowledge to offer innovative business alternatives
b. Contributes business solutions to mitigate risk & promote efficiency
c. "Agent" for the Customer
Name each color/thinking style from the Diversity Game - CORRECT ANSWERS Blue
yellow
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