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CON 3900 TEST QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION Market research is conducted during which phase of acquisition? - answer-All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? - answer-Deviation Simplified Acquisition Procedures (SAP) should - answer-Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? - answer-DD Form 1547, Weighted Guidelines Method...

Con 3900 Test Questions with Correct Answers When using invitations for bids (IFBs), what types) of contracts can be awarded? - Answer-Only firm-fixed-price contracts or fixed-price contracts with economic price adjustment The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? - Answer-Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement Government contract type...

Con 3900 Test Questions with Correct Answers When using invitations for bids (IFBs), what types) of contracts can be awarded? - Answer-Only firm-fixed-price contracts or fixed-price contracts with economic price adjustment The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? - Answer-Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement Government contract typ...

CON 3900 Week 3 Test Questions with Answers All Correct Where does the majority of risk fall in a firm-fixed price contract? - Answer-The contractor What is the definition of price according to FAR 15.401? - Answer-Price = Cost + any fee or profit applicable to the contract type What are the contracting officer's responsibilities with regards to price? (1 of 3) - Answer-Purchase supplies and services from responsible sources at fair and reasonable prices What are the contracting off...

Con 3900 Test Questions with Correct Answers When using invitations for bids (IFBs), what types) of contracts can be awarded? - Answer-Only firm-fixed-price contracts or fixed-price contracts with economic price adjustment The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? - Answer-Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement Government contract typ...

Con 3900 Test Questions with Correct Answers When using invitations for bids (IFBs), what types) of contracts can be awarded? - Answer-Only firm-fixed-price contracts or fixed-price contracts with economic price adjustment The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? - Answer-Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement Government contract typ...

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CON 3900 Cost and Price Analysis Test Questions With Correct Answers What is the definition of Price? - Answer-cost plus any fee or profit What is the Government's Pricing Policy? - Answer-comes from reasonable sources, and is done independently and separately; must be fair and reasonable Source Selection in regards to price - Answer-price or cost should be evaluated in SS procedures, even in event of trade off (is the Government willing to pay more for whatever the trade off is?) W...