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ACQ 101 Module 08 & Exam: Contract Management/40 q/a
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ACQ 101 Module 08 & Exam:Contract Management/40 q/a
Which of the following requirements must an offer meet? (Select all that
apply) - -*Be clear and unambiguous*
*Have complete terms*
*Be communicated*
*Express intent*
-Select the element of contract that best fits the definition of "something of
equal value must be exchanged": - -*Consideration*
-A mutual assent is when a contract is formed by acceptance of an offer. - -
*True*
-In order to be legally bound to a contract, a party must have the capacity to
understand and appreciate the terms of the contract. Which of the essential
elements best fits this description? - -*Competency*
-Select each statement that is accurate when binding a contract.(Select all
that apply) - -*Common law requires each party to provide consideration
with a value of greater than one dollar*
*A contract must be for legal purposes only in order to be binding*
*The element that converts any agreement into a true contract is "intention
to create legal relations"*
-Which of the following Government agencies are exempt from complying
with the FAR? (Select all that apply) - -*Federal Aviation Administration*
*U.S. Mint*
-What are the reasons that F&O competition after exclusion of sources may
be used? (Select all that apply) - -*Establishing or maintaining alternate
sources*
*Fulfilling the SBA objectives for its Section 8(a) Program*
*Setting aside work for small business concerns*
-Select the tasks that fall under the authority of the Contracting Officer (CO).
(Select all that apply) - -*Administer contracts*
*Ensure acquisition complies with CICA*
*Terminate contracts*
-Which of the following positions has the authority to enter into, administer,
and/or terminate contracts and make related determinations and findings? -
-*CO*
, -Which of the following are examples of a non-materiel solutions? (Select all
that apply.) - -*Change in rulemaking*
*Alternative use of existing assets*
-Which of the following statements are correct? (Select all that apply) - -
*The SOW establishes and defines all non-specification requirements for
contractors' efforts either directly or with the use of specific cited
documents.*
*The PWS is a statement of work for performance-based acquisitions that
describe the required results.*
*The Acquisition Plan serves as the basis for contractual implementation*
*The SOO establishes a broad description of the Government's required
performance objectives.*
-Which statement is accurate? - -*A sealed bidding award is based on price
and price-related factors*
-What is the first step in the sealed bidding process? - -*Prepare invitations
for bids*
-Which type of contract provides for filling all actual purchase requirements
of designated Government activities for supplies or services during a
specified contract period, with deliveries or performance to be scheduled by
placing orders with the contractor? - -*Requirements*
-Which of the following are critical sections of a solicitation? (Select all that
apply) - -*Section B, Supplies or services and prices/costs*
*Section M, Evaluation factors for award*
-What standard format is used to prepare Solicitations? - -*UCF*
-Which of the following are key players with major roles in the Source
Selection process? (Select all that apply) - -*Co*
*SSEB*
-What are the key activities of the evaluation phase? (Select all that apply) -
-*Establish the Source Selection Process*
*Determine Source Selection Participants*
*Determine if Price is Fair and Reasonable*
*Complete the Source Selection Process*
-A responsible offeror has or can obtain sufficient financial resources to
satisfy which of the following contract requirements? (Select all that apply) -
-*Organization, experience, and talent*
*Necessary equipment and facilities*
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