BACK TO BASIC CERTIFICATION
CONTRACTING EXAM CON TAINING
411 QUESTIONS WITH DEFINITIVE
SOLUTIONS UPDATED .
Question : Government business shall be conducted in a
manner that is above reproach, with complete impartiality, and with preferential treatment for none. True or False?
Correct answer: True
Question : No person or other entity may disclose contractor
bid or proposal information or source selection information to any person other than a person authorized, in accordance with applicable agency regulations or procedures, by the agency head or the contracting officer to receive such information. True or False?
Correct answer: True
Question : Federal employees are prohibited from soliciting
or accepting gifts offered "because of the employee's official position" or gifts offered by a "prohibited source." True or Fale?
Correct answer: True
Question : A "personal conflict of interest" is a situation
where an individual is employed by a defense contractor company and is in a position to materially influence DOD's recommendations and/or decisions and, because of his/her personal activities, relationships, or financial interests, may lack or appear to lack objectivity or appear to be unduly influenced by personal financial interest. True or False?
Correct answer: True
Question : Agencies shall use Simplified Acquisition
Procedures to the maximum extent practicable for all purchases of supplies or services not exceeding the Simplified Acquisition Threshold (including purchases at or below the Micro-purchase Threshold). True or False?
Correct answer: True
Question : IAW FAR part 15, after evaluation of offers the
contracting officer may negotiate with offerors in the competitive range, advising each of the deficiencies in its proposal, and request final proposal revisions. True or False?
Correct answer: True
Question : Contract types vary according to the degree and
timing of the responsibility assumed by the contractor for the costs of performance and the amount and nature of the profit
incentive offered to the contractor for achieving or exceeding goals. True or False?
Correct answer: True
Question : A cost reimbursement type contract places upon
the contractor maximum risk and responsibility for all costs and resulting profit or loss. True or False?
Correct answer: False
Question : Cost-reimbursement types of contracts require the
contractor to put forth a best effort to perform, and provide for payment of the contractor's allowable, allocable, and reasonable incurred costs. True or False?
Correct answer: True
Question : A cost-plus-a-percentage-of-a-cost system of
contracting is prohibited. True or False?
Correct answer: True
Question : A Cost-Plus Incentive Fee contract specifies a
target cost, a target fee, minimum and maximum fees, and a fee adjustment formula. True or False?
Correct answer: True
Question : Each authority (apparent or actual) is NOT
delegable unless specifically stated otherwise. True or False?
Correct answer: False
Question : A contract is defined as a mutually binding legal
relationship obligating the seller to furnish the supplies or services (including construction) and the buyer to pay for them. True or False?
Correct answer: True
Question : Capacity is when each party either makes a
promise or begins to render performance. True or False?
Correct answer: False
Question : The extent of market research will vary,
depending on such factors as urgency, estimated dollar value, complexity, and past experience. True or False?
Correct answer: True
Question : Contracting officers shall purchase supplies and
services from responsible sources at fair and reasonable prices. True or Fale?
Correct answer: True
Question : Acceptance constitutes acknowledgment that the
supplies or services conform with applicable contract quality and quantity requirements, except as subject to other terms and conditions of the contract. True or False?