QUESTIONS ANSWERED CORRECTLY LATEST 2026
As a Small Business Professional, you maintain awareness of overall market developments that relate
to the products and services your agency typically acquires and continuously update a local database
of potential small businesses. What type of market is this? - Answers -NOT- Forecasting
-NOT- Tactical
Which market research method is used to advertise that the Government is looking to locate
potential small business sources for an agency identified requirement? - Answers Sources Sought
Notice announcement
Go to the Census Bureau North American Industry Classification System (NAICS) page...NAICS code for
Translation Services. - Answers 541930
Which member of the acquisition team is responsible for forming the acquisition team and leading
the team through the Presolicitation phase for an acquisition? - Answers Program Manager
What tasks might a Contracting Officer Representative (COR) perform during the Post Award phase of
acquisition? - Answers NOT Participating in source selection
Which system would you use to review a prime contractor's current or past performance on contracts
for source selection purposes? - Answers Past Performance Information Retrieval System (PPIRS)
How do small businesses support the Office of Small Business Programs (OSBP) in meeting its strategic
Department of Defense (DoD) initiatives? - Answers By being efficient
&
By being innovative
A large business tells you that they have heard they can get a 5% rebate for subcontracts to certain
types of businesses. What program are they referring? - Answers Indian Incentive Program (IPP)
What can the results of market research help the acquisition team do? - Answers NOT Determine
which offeror is the best
What should an effective Small Business Professional demonstrate in fulfilling their role as a trusted
business advisor? - Answers NOT Lack of understanding of the business environment - both large and
small businesses
When an Interim Rule is issued, what effect does it have on an acquisition? - Answers It has the force
and effect of a FAR requirement and must be followed as written
&
When applicable, the Interim Rule impacts the acquisition immediately beginning with the effective
date listed in the Federal Register Notice
Legislation that impacts regulations and policy are generated by whom? - Answers Congress
What legislation often includes provisions that specifically impact the Small Business Act and the
Department of Defense (DoD) Small Business Programs? - Answers National Defense Authorization
Act (NDAA)
Market research for a road construction acquisition has identified two firms that are small
disadvantaged businesses and participants in a business development program. Which socioeconomic
program category are they in? - Answers 8(a) Business Development
Sharon, the Contracting Officer, sends you a DD Form 2579 and asks you to review...do you need in
order to conduct a proper review? - Answers -NOT- NOT Solicitation
-NOT- NOT Acquisition Plan
-NOT- NOT Market Research Report
What must the acquisition team do to determine that consolidation of contract requirements in
excess of $2 million is necessary and justified? - Answers Perform an analysis and demonstrate that
the advantages of the proposed consolidation ?substancially exceed? those of each alternative
strategy
You have an upcoming acquisition for landscaping services and you have discovered a 10-
employee...might apply for this small business concern? - Answers NOT Service-Disabled Veteran-
Owned Small Business (SDVOSB)
Which of the following attributes should a Small Business Professional possess in order ot be
effective? - Answers Ethical
A small disadvantaged business has the potential to fulfill a Department of Defense (DoD)
requirement for IT services...beneficial in assisting them with the certification process? - Answers -