AAFC QUIZ 2 QUESTIONS AND
ANSWERS
*Summarize the DoD contracting mission.
The mission for contracting is to purchase: - ANSWER - The Right Stuff
...
- Delivered to the Right Place...
- At the Right Time...
- At the Right Price...
*What is a Strategy? - ANSWER - an elaborate and systematic plan of
action.
- is organized (systematic) .
- It is intentional and doesn't happen by accident (planned).
- Several key words are systematic, plan, and action.
*What is a strategic plan? - ANSWER a document used by an
organization to align its organization and budget structure with
organizational priorities, missions, and objectives.
*What is operational contracting? - ANSWER - actually refers to a
physical location (base, camp, station).
- The main idea is that you, as a contracting professional, are essentially
buying supplies, services, and construction for a small city or installation.
*What is contingency contracting? - ANSWER purchase of supplies or
services necessary to respond to certain situations such as:
- rescue and humanitarian relief missions.
- military contingencies .
- includes emergency contracting in the CONUS or OCONUS for those
actions necessary for the mobilization and deployment of troops.
*What is the purpose of a strategy? - ANSWER - Serve as a framework
for decisions and actions.
- Outline the steps to accomplish the mission.
- Provide a basis for more detailed planning.
, - Explain the plan to others to gain buy-in.
*DoD Total Ownership Cost (TOC) is: - ANSWER the sum of all
financial resources necessary to organize, equip, train, sustain, and
operate military forces sufficient to meet national goals in compliance
with all laws, all policies applicable to DoD, all standards in effect for
readiness, safety, and quality of life, and all other official measures of
performance for DoD and it's components.
*In 1792, President Washington established the Department of the
Treasury to: - ANSWER serve as an executive agency of the President
and received full responsibility for conducting purchases and contracts
for the American Army.
*Buy American Act (1931) - ANSWER - came about because of the
devastation of American industry during the depression.
- In an effort to protect American companies, the Act puts requirements
in place that give preference for domestically produced manufactured
articles, materials and supplies.
- Important in support of the industrial base.
*Who's Responsibility to satisfy customer needs - ANSWER Contract
Specialist and Business Adviser
*In October 1994, Congress enacted Public Law 103-355, the "Federal
Acquisition Streamlining act of 1994" (FASA) to: - ANSWER - to
established policies for acquiring commercial items, authorized
procedures for task order contracting, established simplified acquisition
procedures and promoted electronic commerce.
- The Government was making acquisition procedures more efficient.
*Economy Act - ANSWER Provides authority for federal agencies to
order goods and services from other federal agencies and to pay the
actual costs of those goods and services.
*Contracting Categories
Most everything you will be buying can be categorized either as a: -
ANSWER Supply.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller luzlinkuz. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.