ACQ 101 EXAM 2 (with Accurate Solutions)

Acquisitions Plans Policy correct answers Agencies shall perform acquisition planning and conduct market research for all acquisitions in order to promote and provide for: Acquisition of commercial or non nondevelopmental items Full and open competition Selection of appropriate contract type Appropriate consideration of the use of pre-existing contracts When does Acquisition Planning begin? correct answers Should begin as soon as the agency need is identified Acquisition Planning Responsibility correct answers The Agency head, PM or other official designee responsible for the program, has overall responsibility for the acquisition planning Market Research correct answers FAR Part 10 collecting and analyzing information about capabilities within the market to satisfy agency needs Requires documentation of data collected Benefits of Market Research correct answers Disclose any law or regulation that applies If the supply or service is readily available If research and development is required If DoD is currently buying this supply/service Risk If supply/service is on the government required sources list Extent of Market Research correct answers Varies based on: Urgency Estimated dollar value Complexity Past experience Amount of info already available How much market research should we do? correct answers Continuous Government's Preferred Approach to Acquisition correct answers Government preference in procuring supplies shown on a continuum: Commercial Off-the-Shelf Minor modifications Non-developmental items Government unique What is a Commercial Item? correct answers Found in FAR Part 12