CON 1100v – Questions & Complete Solutions (100%)
Micro-purchase Right Ans - means an acquisition of supplies or services
using simplified acquisition procedures, the aggregate amount of which does
not exceed the micro-purchase threshold.
What is a Blanket Purchasing Agreement? Right Ans - a simplified method
of filling anticipated repetitive needs for supplies or services by establishing
"charge accounts" with qualified sources of supply.
How does a Blanket Purchasing Agreement work? Right Ans - It works by
establishing "charge accounts" with qualified sources of supply to fill
anticipated repetitive needs for supplies or services.
Simplified Acquisition Procedures Right Ans - a streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding
the micro-purchase threshold but not exceeding the simplified acquisition
threshold.
COTS Right Ans - Commercially available off-the-shelf
NDI Right Ans - Nondevelopmental item
NDI Right Ans - Any previously developed item of supply used exclusively
for Gov't purposes by a Federal agency, a state of local Gov't, or foreign Gov't
with which the US has a mutual defense cooperation agreement
Simplified Acquisition Procedures Right Ans - Streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding
the micro-purchase threshold (MPT) but not exceeding the simplified
acquisition threshold (SAT)
set aside Right Ans - reserving an acquisition for exclusive participation by
small business concerns
concern Right Ans - any business entity organization for profit with a place
of business in US and that makes significant contribution to US economy
through payment of taxes, use of American products, material and/or labor
Micro-purchase Right Ans - means an acquisition of supplies or services
using simplified acquisition procedures, the aggregate amount of which does
not exceed the micro-purchase threshold.
What is a Blanket Purchasing Agreement? Right Ans - a simplified method
of filling anticipated repetitive needs for supplies or services by establishing
"charge accounts" with qualified sources of supply.
How does a Blanket Purchasing Agreement work? Right Ans - It works by
establishing "charge accounts" with qualified sources of supply to fill
anticipated repetitive needs for supplies or services.
Simplified Acquisition Procedures Right Ans - a streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding
the micro-purchase threshold but not exceeding the simplified acquisition
threshold.
COTS Right Ans - Commercially available off-the-shelf
NDI Right Ans - Nondevelopmental item
NDI Right Ans - Any previously developed item of supply used exclusively
for Gov't purposes by a Federal agency, a state of local Gov't, or foreign Gov't
with which the US has a mutual defense cooperation agreement
Simplified Acquisition Procedures Right Ans - Streamlined method of
acquiring goods and services that have an anticipated dollar value exceeding
the micro-purchase threshold (MPT) but not exceeding the simplified
acquisition threshold (SAT)
set aside Right Ans - reserving an acquisition for exclusive participation by
small business concerns
concern Right Ans - any business entity organization for profit with a place
of business in US and that makes significant contribution to US economy
through payment of taxes, use of American products, material and/or labor
