Exam Questions with 100% Correct
Answers
Which of the following is NOT a statutory exemption to the contracts for Materials
Supplies, Articles, and Equipment Exceeding $15,000 statute (Walsh-Healey Public
Contracts Act)?
a. Commercial items
b. Perishables, including dairy, livestock, and nursery products
c. Agricultural or farm products processed for first sale by the original producers
d. Items manufactured outside the United States - Answer- Items manufactured outside
the United States
Service contracts valued in excess of _____ must contain mandatory provisions
regarding minimum wage and fringe benefits, safe and sanitary working conditions,
notification to employees of the minimum allowable compensation, and equivalent
federal employee classifications and wage rates. - Answer- $2,500
Federal agencies shall advance sustainable acquisition by ensuring that _____ percent
of new contract actions for the supply of products and for the acquisition of services
(including construction) require that the products are energy-efficient, water-efficient,
bio-based, environmentally preferable, non-ozone depleting, or made with recovered
materials. - Answer- 95
The Freedom of Information Act provides that information is to be made available to the
public - Answer- upon request, providing a copy of a reasonably described record.
For manufactured noncommercial end products, the test to determine the country of
origin under the Buy American statute (Act) is a two-part test to - Answer- define a
domestic end product that is manufactured in the United States and the domestic cost
of the components exceeds 55 percent.
The Buy American statute (Act) restricts the purchase of supplies that are NOT -
Answer- domestic end products.
During a disaster or emergency response - Answer- preference is given to local
businesses
,T/F Generally, the government will refuse to award a contract on the grounds that the
prospective contractor may infringe a patent. - Answer- False
Performance and payment bonds are required or may be required for - Answer-
construction contracts exceeding $150,000 and services and supply contracts
exceeding the simplified acquisition threshold when necessary to protect the
government's interests.
Which is NOT true of state and local taxes on federal purchases and leases?
a. Generally, the federal government is immune
b. Where exemptions exist, the contracting officer must take advantage of them.
c. Subcontractor purchases under federal prime contracts are always immune to state
and local taxes.
d. Contractors and subcontractors must consult with the agency when there are
exemptions that may apply. - Answer- Contractors and subcontractors must consult with
the agency when there are exemptions that may apply.
Cost Accounting Standards Board rules and regulations apply to - Answer- negotiated
contracts and subcontracts.
The head of the agency may waive the applicability of Cost Accounting Standards
(CAS) for a particular contract or subcontract when one of these conditions exists: -
Answer- The contract or subcontract is less than $15 million, primarily engaged in the
sale of commercial items, and has no contracts/subcontracts subject to CAS.
Which of the following statements about advance agreements is NOT true?
a. Advance agreements may only be negotiated with a particular contractor for a single
contract.
b. Advance agreements may be negotiated either before or during a contract.
c. The agreements must be in writing.
d. The agreements must be incorporated into applicable current and future contracts. -
Answer- Advance agreements may only be negotiated with a particular contractor for a
single contract.
How often are statutory acquisition-related dollar thresholds in the FAR adjusted for
inflation? - Answer- Every five years
A form of written approval signed by an authorized official that is required by statute or
regulation as a prerequisite to taking certain contract actions is defined as a - Answer-
Determination and Findings
Contracting officers below the level of __________ shall be selected and appointed. -
Answer- a head of a contracting activity
, According to the FAR conventions at Subpart 1.1, each authority is delagable unless -
Answer- specifically stated otherwise
When an imperative sentence directs action in the FAR, who is responsible for the
action unless another party is expressly cited?
a. the head of contracting activity
b. the Secretary of the Army
c. the contracting officer
d. the contracting specialist - Answer- the contracting officer
Unauthorized commitments are agreements that are NOT binding solely because -
Answer- the government representative who made the agreement lacked the authority
to enter it
The simplified acquisition threshold for any contract in support of contingency
operations to be awarded and performed, or purchase to be made, outside the U.S. is -
Answer- $1.5 million
Which of the following is a commercial item? - Answer- A non-developmental item, if the
procuring agency determines the item was developed exclusively at private expense
and sold in substantial quantities, on a competitive basis, to multiple state and local
governments.
Consolidating two or more requirements for supplies or services, previously provided or
performed under separate smaller contracts into a solicitation for a single contract that
is likely to be unsuitable for award to a small business concern.
a. best value
b. performance-based acquisition
c. bundling
d. non-developmental item - Answer- bundling
Which of the following are included in the definition of "contracts"?
a. Awards and notices of awards and grants
b. Letter contracts and cooperative agreements
c. Letter contracts and job orders
d. Blanket purchase agreements and imprest funds - Answer- Letter contracts and job
orders
The government can minimize the opportunity for buying in by using - Answer- multiyear
contracting, priced options, and amortization of nonrecurring costs.