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Final Exam Questions With Verified Answers

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©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e Final Exam Questions With Verified Answers Who may make changes to a government contract? The agency head A contracting officer, acting within the scope of his or her authority The contractor Any representative of the government ...

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  • November 18, 2024
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©BRIGHTSTARS EXAM SOLUTIONS

11/14/2024 12:19 PM


Final Exam Questions With Verified
Answers


Who may make changes to a government contract?


The agency head


A contracting officer, acting within the scope of his or her authority


The contractor



Any representative of the government - answer✔A contracting officer, acting within the scope
of his or her authority
A basic ordering agreement is considered what type of contract?


Fixed-price


Cost-reimbursement


Incentive



It is not a contract - answer✔It is not a contract



1|Page

, ©BRIGHTSTARS EXAM SOLUTIONS

11/14/2024 12:19 PM

A bidder with adequate financial resources to perform the contract, who is able to comply with
the required delivery schedule, has a satisfactory performance record and record of integrity,
and has the necessary organizational controls and production facilities to perform the contract,
can be determined to be what?


Responsive
Responsible
Ineligible

A preferred source - answer✔Responsible
A buyer that sends its personnel to a work site to visually check on progress is doing what?


Direct observation
Indirect observation
Fact-finding

Post-production testing - answer✔Direct observation
A document in which one party agrees not to make, use, or sell certain information without first
entering into an agreement with the owner of the information to do so is called what?


A lease
A patent
A statement of work

A nondisclosure agreement - answer✔A nondisclosure agreement
A Federal Supply Schedule is:




A set of prenegotiated IDIQ contracts



2|Page

, ©BRIGHTSTARS EXAM SOLUTIONS

11/14/2024 12:19 PM

Off-the-shelf FFP contracts available for placing orders


Electronic commerce



A schedule for delivery of ordered supplies - answer✔A set of prenegotiated IDIQ contracts
A funded debt, like a note on mortgage installments, is what kind of liability?




Current


Long-term


Intangible



Accrued - answer✔Long-term
A manager can help ensure that his or her subordinates become strong and effective by
avoiding what?




Poor time management


Unproductive habits


Delegation



Overreliance on personal knowledge - answer✔Overreliance on personal knowledge

3|Page

, ©BRIGHTSTARS EXAM SOLUTIONS

11/14/2024 12:19 PM

A memorandum of agreement, an intellectual property license, and a letter of intent are
examples of what?




Facilitating clauses
Topic-specific sets
Custom terms and conditions

Noncommercial terms and conditions - answer✔Custom terms and conditions
A potential offeror is preparing a response to a solicitation, and needs to know whether
separate technical and price proposals are required. Where should the offeror be able to find
this information?




In the System for Award Management


In the instructions included in the solicitation package


By submitting a Request for Information to the buyer



In the contract boilerplate - answer✔In the instructions included in the solicitation package
A seller reviewing a solicitation discovers a requirement in one area which is stated elsewhere
in the solicitation using contradictory language. What should the seller do?




Immediately bring the discrepancy to the attention of the buyer


No-bid the solicitation

4|Page

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