An expressed contract is - Study guides, Class notes & Summaries

CON 2370 Simplified Acquisition Procedures Exam Questions And Answers You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required.Which one of the following solicitation methods must be used? - ANS Written Solicitation Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ANS NOT Award documentation must be extensive and detailed ...

CON 2370 Simplified Acquistion Procedures Exam Questions With Answers Latest Updated 2024 (GRADED) Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - Answer Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions Not - The purpose of SAP is to improve opportunities for small businesses to obtain ...

CON 2370 Simplified Acquisition Procedures Take 14 | Questions and 100% Correct Answers | Professor Verified You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following ...

Agency - Answer- This refers to the relationship between a principal and the principal's agent which arises out of a contract, either expressed or implied, written or oral, wherein the agent is employed by the principal to do certain acts dealing with a third party..? Agency Brokerage Joint venture Partnership All of the Above - Answer- Which of the following can serve as a principal...? Seller Buyer Lessor All of the above Independent Contractor - Answer- Real estate agents o...

Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - Answer- Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions Not - The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts Not - Agencies may separate requirements into smaller ...

Well-structured LRM1501 Assignment 3 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... QUESTION 1 1.1 Study the diagram below and complete the table below by inserting the relevant party/parties in the employment relationship (Column A) that matches the roles and responsibilities as outlined in Column B. (5) Column A: Parties in the tripartite employment relationship Column B: Roles and responsibilities 1.1.1 A legal entity or person th...

CON 2370 Simplified Acquisition Procedures Exam Questions And Answers You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - ANS The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ANS Purchases shall b...

CON 2370 Simplified Acquisition Procedures Questions and Answers Already Passed You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? Purchases shall be made in the...

You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - ANSWER-The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ANSWER-Purchases shall be made in the simplified manner that is most suitable to the circumstances...

Indemnity - ANSWER-a payment for damages or loss Risk - ANSWER-Uncertainty or chance of loss occurring Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. Peril ...