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1400 Exam Review Question and answers correctly solved (True/ Fales) Small business Admin must be notified in case of termination with small business contract. - correct answers True Contract administration: Factors that influence the degree of contract administration. - correct answers Natu...

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  • February 23, 2025
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1400 Exam Review Question and
answers correctly solved
(True/ Fales) Small business Admin must be notified in case of termination
with small business contract. - correct answers True


Contract administration: Factors that influence the degree of contract
administration. - correct answers Nature of the work; Type of contract;
Experience and commitment of the personnel involved


Functions the KO can delegate to the CAO - correct answers 72


Quality control responsibility falls on the _________, quality assurance is on
the _________ - correct answers Contractor, Gov't


Least/ Most preferred payment types - correct answers Least: Advance
Payment
Most: Performance Based Payment


Requirements associated with contract payments - correct answers Copy of
contract; Receiving Report; Proper Invoice


Solicitation must state the _______ will not be made until funds are ________
- correct answers Award, Available


Communication process/plan Keeps key _______, _______, and ________
informed as you move through different ________ of the _________ process -
correct answers Key Stake holders, Customers, Acquisition Team, Phases of
the Acquisition Process

, Who's responsible for inspecting materials? - correct answers KO determines
acceptance or conditional acceptance of supplies and services, KO makes
determination based on.....


True/ False: Advice from Technical activity that the item is safe to use and will
perform its intended purpose. - correct answers True


Government Furnished Property (GFP): when is it used, why is it used -
correct answers Contracting Officers shall provide property to contractors only
when it is clearly demonstrated: to be in the Government's best interest.


Risk types and differences - correct answers Cost, Schedule, Performance


______ is the risk that escalation of project costs. - correct answers Cost risk


_______ is the risk that activities will take longer than expected and is
typically the result of poor planning. - correct answers schedule risk


_______ is the risk that the project will fail to produce results consistent with
project specifications. - correct answers Performance risk


Risk analysis models: ... Monte Carlo, sensitivity analysis, symmetric - correct
answers Sensitivity analysis


Which levels of Nonconformance we can accept? - correct answers Minor
Nonconformance

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