Contracting Exam Final Questions With 100% Correct Answers

Contracting Exam Final Questions With 100% Correct Answers The 3-in-1 Tool automates the following form - answerSF 44 All contract requirements over the Simplified Acquisition Threshold (SAT) require - answerAn independent government estimate All purchase requests must meet two requirements - answerGood item description, certified funds Although LDs are commonly used on ____________ contracts, they can also be used on other contracts except ______________ contracts - answerFFP, Service The Annex W of COCOM's Deliberate and Crisis Action Planning has which of the following documents - answerContractor Support Integration Plan (CSIP) The Anti-Kickback Act of 1986 - answerprohibits actual or attempted kickback payments or offers to provide kickbacks, which include any money, fees, commission, credit, gift, gratuity, thing of value, or compensation of any kind, to include obtaining or rewarding favorable treatment The Anti-Kickback Act of 1996 does NOT apply to: - answerdoes not exist Any person who knowingly and willfully engages in conduct prohibited by the Anti- Kickback Act shall be imprisoned for not more than _____ years or shall be subject to a fine or both. - answerTen years As a last resort, if the contractor appears to be offended, accept the gratuity and perform which of the following steps? - answer1. Have your finance officer safeguard the gratuity by placing it in a safe and ask for a receipt 2. Consult with the legal office 3.Write a memo for record (MFR) explaining the circumstances/approx value of the item and mention legal advice was obtained As the CCO, if I am offered an "escort" by a local vendor, which of the following should I do? - answerImmediately inform counsel As the CCO, you know that offices order supplies at the end of the month. However, you noticed that a specific office has also been randomly ordering every two weeks. What is your first thought: - answerThis could be an indication of fraud; further investigation is needed At what point must the Bona Fide Need exist - answerAt time of award,not performance 14. AUTHORITIES AND STRUCTURE - answerContracting Authority The Bona Fide Need for supplies exists when - answer-The Government actually will be able to use such item(s) -The funds are presumed to be available The Bona Fide Needs for non-severable services generally apply to the - answerYear in which a contract is executed The Bona Fide Needs for severable services pertains to the - answerPeriod in which the services are performed The Bona Fide Needs rule provides for what - answerFunds are available only to satisfy requirements during period of availability The CCO or the Customer should contact the accounting and finance office for procedures to fund - answera. Medical