ACQ 101 - Mod 1 – 27 Exam Questions and Answers
Which of the following are considered primary objectives of System
Acquisition Management? (Select all that apply) - -o Satisfy the needs of
operational users
o Provide measurable improvements in functional capabilities
o Acquire products in a timely manner at a fair and reasonable cost
-Which of the following best describes a system? - -Hardware, software,
logistics support, and personnel
-An example of Better Buying Power in practice would be limiting the
number of contractors that can bid on a contract to those that have provided
low-cost solutions to DoD in the past. - -False
-Which of the following are areas of focus for Better Buying Power?
(Select all that apply) - -o Affordable programs
o Cost control throughout the product life cycle
o Improve the professionalism of the Total Acquisition Workforce
-Which of the following are constraints that impact a program's goals and
objectives? (Select all that apply) - -o Cost
o Schedule
o Performance
-Which of the following are components of risk? (Select all that apply) - -o
Future root cause
o Probability
o Consequence
-Use of new material or processes is an example of what kind of risk? - -
Performance
-Using multiple contractors or conducting multiple tests are examples of
which type of risk strategy? - -Control
-Establishing a reserve fund or putting in monitoring processes are
examples of which type of risk strategy? - -Accept
-Using a firm-fixed price contract is an example of which type of risk
strategy? - -Transfer
-Reducing the scope of performance objectives is an example of which type
of risk strategy? - -Avoid
Which of the following are considered primary objectives of System
Acquisition Management? (Select all that apply) - -o Satisfy the needs of
operational users
o Provide measurable improvements in functional capabilities
o Acquire products in a timely manner at a fair and reasonable cost
-Which of the following best describes a system? - -Hardware, software,
logistics support, and personnel
-An example of Better Buying Power in practice would be limiting the
number of contractors that can bid on a contract to those that have provided
low-cost solutions to DoD in the past. - -False
-Which of the following are areas of focus for Better Buying Power?
(Select all that apply) - -o Affordable programs
o Cost control throughout the product life cycle
o Improve the professionalism of the Total Acquisition Workforce
-Which of the following are constraints that impact a program's goals and
objectives? (Select all that apply) - -o Cost
o Schedule
o Performance
-Which of the following are components of risk? (Select all that apply) - -o
Future root cause
o Probability
o Consequence
-Use of new material or processes is an example of what kind of risk? - -
Performance
-Using multiple contractors or conducting multiple tests are examples of
which type of risk strategy? - -Control
-Establishing a reserve fund or putting in monitoring processes are
examples of which type of risk strategy? - -Accept
-Using a firm-fixed price contract is an example of which type of risk
strategy? - -Transfer
-Reducing the scope of performance objectives is an example of which type
of risk strategy? - -Avoid
