QUESTION 1&nbsp(1 POINT)Both the private and the public sector

QUESTION 1 (1 POINT)Both the private and the public sector want to acquire goods and services at reasonable prices.Question 1 options:TRUEFALSESaveQUESTION 2 (1 POINT)Acquisition, technology, and logistics, also referred to as AT&L, is the community that fulfills agency needs by adjusting to changes in current technology and spending taxpayer dollars wisely in accordance with policy.Question 2 options:TRUEFALSESaveQUESTION 3 (1 POINT)Contracting has always been formal, and the relationship between the government and the contractor has always been a formal one.Question 3 options:TRUEFALSESaveQUESTION 4 (1 POINT)Historic legislation such as the Securities and Securities Exchange acts (1933 and 1934, respectively) have little to no influence on how the government currently conducts business with the private sector.Question 4 options:TRUEFALSESaveQUESTION 5 (1 POINT)Socioeconomic regulations can determine how sources are selected for soliciting, and, as a contracting professional, you may be required to set aside a percentage of contracts for small businesses only.Question 5 options:TRUEFALSESaveQUESTION 6 (1 POINT)If you were a contracting officer assigned to a military base, you would not handle contracts for pens, computers, janitorial services, or IT services for the base.Question 6 options:TRUEFALSESaveQUESTION 7 (1 POINT)All of the items below represent aspects of the private sector EXCEPT __________.Question 7 options:THE BEST INTERESTS OF STOCKHOLDERSthe profit motivecompetition as a motivating factorthe best interests of taxpayersSaveQUESTION 8 (1 POINT)All of the items below influence the acquisition environment EXCEPT __________.Question 8 options:NATIONAL AND WORLD EVENTSthe private sectortechnological improvementscongressional actsSaveQUESTION 9 (1 POINT)The primary role of contracting professionals is to purchase __________.Question 9 options:THE RIGHT STUFF, DELIVERED AT THE RIGHT TIMEthe right stuff, at the right pricethe right stuff, using smart business arrangementsall of the aboveSaveQUESTION 10 (1 POINT)All of the following are Department of Defense (DoD) organizations EXCEPT __________.Question 10 options:THE U.S. ARMY, NAVY, MARINE CORPS, AND AIR FORCEthe Children’s Defense Fund (CDF)the Defense Logistics Agency (DLA)the Defense Contract Management Agency (DCMA)SaveQUESTION 11 (1 POINT)All of the following are potential acquisition team members EXCEPT the __________.Question 11 options:END USER/CUSTOMERprogram managerHR analystfinancial managerSaveQUESTION 12 (1 POINT)Effective team-building requires the following:Question 12 options:LEADERSHIP, SKILL MIX, SHARED VISION, AND SUPPORTteam member competencytechnology all of the aboveSaveQUESTION 13 (1 POINT)The generic decision-making and problem-solving model contains the following steps:Question 13 options:PROBLEM DEFINITION, PROBLEM RECREATION, AND PROBLEM-SOLVINGproblem definition, core categorizing, and implementationa and dproblem definition, analysis, selection, and implementationSaveQUESTION 14 (1 POINT)In order to make good business decisions, you must be able to apply different problem-solving techniques, including __________.Question 14 options:PROBLEM STATEMENT AND BRAINSTORMINGcause and effect considerationthe ‘five-why’ process and force field analysisall of the aboveSaveQUESTION 15 (1 POINT)__________ are important to the spearheading of change in the contracting workforce.Question 15 options:PROFESSIONALISM AND KNOWING YOUR ORGANIZATIONTrust, effective communication, and sharing of informationMotivation and directionTrust and attention to detailSaveQUESTION 16 (1 POINT)If you were a contracting officer working for a defense agency, you would have to follow not only the Federal Acquisition Regulation (FAR), but the Defense Federal Acquisition Regulation Supplement (DFARS).Question 16 options:TRUEFALSESaveQUESTION 17 (1 POINT)According to FAR 1.102, ‘Participants in the acquisition process should work together as a team and should be empowered to make decisions within their areas of responsibility.’Question 17 options:TRUEFALSESaveQUESTION 18 (1 POINT)Effective communication skills are vital to your success as a team member, and they include facilitation, coaching, and feedback, but not listening.Question 18 options:TRUEFALSESaveQUESTION 19 (1 POINT)As you participate in acquisition teams, you will encounter various styles, personalities, and roles; it is important to know yourself in order to be an effective team member.Question 19 options:TRUEFALSESaveQUESTION 20 (1 POINT)Decision-making and problem-solving are intertwined and mutually supportive, and you cannot do one without the other.Question 20 options:TRUEFALSESaveQUESTION 21 (1 POINT)Two of the 11 principles for good leadership are to know oneself and seek self-improvement, and to be technically proficient.Question 21 options:TRUEFALSESaveQUESTION 22 (1 POINT)The Joint Ethics Regulation Ethical Values and Decision-Making Plan concerns itself with how people should behave and sets standards of conduct that rely primarily on __________.Question 22 options:ACTUAL SITUATIONS OF DECISION-MAKINGthe goals of decision-makersthe principles of honesty, integrity, and loyalty the principle of effective communicationSaveQUESTION 23 (1 POINT)__________ is/are a strong indication of fraud, waste, and abuse.Question 23 options:MISSING RECEIPTSCriminal behaviorReporting errors/defective pricingall of the aboveSaveQUESTION 24 (1 POINT)The preferred approach to meeting the needs of customers includes __________.Question 24 options:THE PURCHASE OF COMMERCIAL OFF-THE-SHELF (COTS) ITEMS WITH MINOR MODIFICATIONSnegotiationthe purchase of non-developmental and government-unique itemsboth a and cSaveQUESTION 25 (1 POINT)Which are key motivations for doing business with the government as a contractor?Question 25 options:PROFITABILITY AND IMPROVED MARKET SHARE AND IMAGEfulfillment of public policy objectivesassurance of fairness and openness in business transactionsboth b and cSaveQUESTION 26 (1 POINT)Tools used to manage risk include schedule-based incentives, cost-based incentives, supply-chain incentives, and __________.Question 26 options:NONCONFORMING INCENTIVESperformance-based incentivesfirm incentivesdisincentivesSaveQUESTION 27 (1 POINT)The Joint Ethics Regulation (JER), which sets executive-branch standards that are objective, reasonable, and enforceable, applies only to military individuals assigned to a defense agency.Question 27 options:TRUEFALSESaveQUESTION 28 (1 POINT)The Government Accountability Office (GAO) is the investigative arm of Congress and is often referred to as the ‘congressional watchdog.’Question 28 options:TRUEFALSESaveQUESTION 29 (1 POINT)The DoD inspector general (IG) serves as an independent official in the DoD, but does not fulfill auditing functions.Question 29 options:TRUEFALSESaveQUESTION 30 (1 POINT)Commercial off-the-shelf (COTS) items are items that are sold, leased, licensed, or offered for sale in the commercial marketplace, and that are also offered for sale to the government without modification.Question 30 options:TRUEFALSESaveQUESTION 31 (1 POINT)Competition in the commercial marketplace provides the government with various sources to consider; as a buyer, you must find the best value, taking into account not just price, but other considerations.Question 31 options:TRUEFALSESaveQUESTION 32 (1 POINT)If market research reveals that there are no COTS, modified, or nondevelopmental items, you cannot make the purchase, because you cannot buy government-unique items.Question 32 options:TRUEFALSESaveQUESTION 33 (1 POINT)A win-win outcome of a negotiation occurs when the government obtains the best value possible, but the result for the contractor is an unfair price.Question 33 options:TRUEFALSESaveQUESTION 34 (1 POINT)The acquisition environment is influenced by such competing factors as the marketplace, the political arena, and the cultural and financial environment.Question 34 options:TRUEFALSESaveQUESTION 35 (1 POINT)Sources of federal procurement law include __________.Question 35 options:PUBLIC POLICYstatutes, executive orders, and regulationsstate billsboth a and bSaveQUESTION 36 (1 POINT)All of the following are contract law issues that can arise during contract performance EXCEPT __________.Question 36 options:DISPUTES OF CONTRACT LANGUAGEclaimsspre-award discussionscontract changesSaveQUESTION 37 (1 POINT)A contracting officer (CO) with actual authority can legally bind the government, and is tasked with ensuring that all necessary elements are included in the contract, including mutual assent, consideration, competency, lawful purpose, and certainty of terms, and in a form permitted by law.Question 37 options:TRUEFALSESaveQUESTION 38 (1 POINT)Common law, sovereign immunity, and civil versus criminal acts are the fundamental components of the legal process, and the Constitution is the foundation that defines the legal relationship of the federal government to state governments and individual citizens.Question 38 options:TRUEFALSESaveQUESTION 39 (1 POINT)FAR 33 defines a protest as a written agreement made by an interested party.Question 39 options:TRUEFALSESaveQUESTION 40 (1 POINT)Obligations are not legally binding commitments such as contract awards, made by federal agencies during a given period that will require outlays.Question 40 options:TRUEFALSESaveQUESTION 41 (1 POINT)Although the financial management community is made up of financial analysts, accountants, budget analysts, auditors, and payment specialists, the two most important individuals are the fund holders and the payment specialists, who provide and manage funding and ensure that contractors get paid on time.Question 41 options:TRUEFALSESaveQUESTION 42 (1 POINT)The following are all methods of procurement EXCEPT __________.Question 42 options:SOURCE SELECTIONsimplified acquisition procedurescontracting by negotiations sealed biddingSaveQUESTION 43 (1 POINT)In lieu of initiating a new contract, businesses can look to __________.Question 43 options:REQUIRED SOURCES, THE ECONOMY ACT, AND GENERAL SERVICES ADMINISTRATION (GSA) SCHEDULESstatutes and executive ordering agreementsindefinite-delivery contracts, agreements, a purchase cardboth a and cSaveQUESTION 44 (1 POINT)The contracting process is broken into three phases: planning, execution, and assessment.Question 44 options:TRUEFALSESaveQUESTION 45 (1 POINT)The Integrated Acquisition Environment (IAE) was established to facilitate cost-effective acquisition, but it doesn’t focus on current inefficiencies in acquisition.Question 45 options:TRUEFALSESaveQUESTION 46 (1 POINT)Contracts are grouped into two broad categories: fixed-price contracts and cost-reimbursement contracts.Question 46 options:TRUEFALSESaveQUESTION 47 (1 POINT)E-business has benefits such as the elimination of duplication of effort; however, it also faces the challenge of constant change in the technical environment.Question 47 options:TRUEFALSESaveQUESTION 48 (1 POINT)Pricing/competition, historical data, subcontracting, and concurrent contracts are some of the factors to be considered when initiating a new contract.Question 48 options:TRUEFALSESaveQUESTION 49 (1 POINT)If a contracting officer uses the wrong fiscal year funding, he or she has violated the __________.Question 49 options:ANTIDEFICIENCY ACTBona Fide Needs RuleMisappropriation Actboth a and bSaveQUESTION 50 (1 POINT)All of the items below are types of appropriations EXCEPT __________.Question 50 options:PROCUREMENT AND OPERATION AND MAINTENANCEresearch, development, test, and evaluationmilitary personnel and military constructionservicesSaveQUESTION 51 (1 POINT)E-business is any business process powered by an information system, whereas e-government is a phenomenon that provides funding for e-government initiatives and mandates cross-agency e-government implementation.Question 51 options:TRUEFALSESaveQUESTION 52 (1 POINT)DAWIA certification is the process through which DoD components determine that individuals meet the standards (experience, training, and education) required for a career (level I, II, or III) in the acquisition field. Question 52 options:TRUEFALSESaveQUESTION 53 (1 POINT)Professional competencies required in the acquisition workforce include __________.Question 53 options:CUSTOMER SERVICEoral and written communicationproblem-solvingall of the aboveSave

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