SOLVED QUESTIONS AND SOLUTIONS GRADED
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▶Earned Value Management is __________. Answer: A widely accepted
industry best practice for project management used across the Department
of Defense, the federal government and the...
▶Your organization has purchased a diesel generator for emergency
power support. You did a complete visual inspection and tested the unit.
Two days later you start the generator and the engine is destroyed due to
defective interior cylinder walls. This is an example of a: Answer: Latent
Defect
▶The Contracting Officer's Representative is responsible for safeguarding
all proprietary data. Answer: True
▶The Contracting Officer's Representative's normal monitoring activities
should shed light on warning signs of contractor problems, such as a failure
to meet performance deadlines. Answer: true
▶The American National Standards Institute/Electronic Industries Alliance
(ANSI/EIA) established 36 management system guidelines that ensure and
provide complete information needed to make management decisions.
Answer: False
▶An Earned Value Management system that is formally validated and
accepted by the cognizant contracting officer is required on cost or
incentive contracts valued at or greater than ____. Answer: $50 million
▶When working with contractor personnel on a non-personal services
contract, the COR should: Answer: Keep an arm's length relationship with
contractor personnel
, ▶In construction, "differing site conditions" are defined as known conditions
at the site that the contractor missed during site visits and failed to read in
the contract. Answer: False
▶The Quality Assurance Surveillance Plan (QASP) provides the
government inspection plan to ensure contractor quality. Answer: False
▶Using informal source selection; the contracting officer acts as the Source
Selection Authority but must follow the criteria spelled out in the solicitation
when selecting the contractor to receive the award. Answer: True
▶Cost reimbursement contracts are used when there is uncertainty in the
outcome of the effort; the greatest risk is placed on the Government. Select
the correct answer from the following statements: Answer: Under a cost
reimbursement contract, the contractor is reimbursed for all allowable,
allocable, and reasonable cost incurred
▶When preparing for a procurement that can only be purchased from a
single source, the _________ document is required. Answer: justification
and approval
▶There are two basic contract types, cost reimbursement and fixed-price.
All others, with the exception of a time-and-materials contract which is a
hybrid of the two, are subsets of cost reimbursement or fixed-price
contracts. Which of the following is NOT true? Answer: cost
reimbursement contracts require less monitoring by the COR than other
types of contracts
▶The purpose of market research is to determine capabilities in the
marketplace able to satisfy the government's needs. Answer: True
▶Acquisition Planning begins when the agency's need is identified. Which
of the following is TRUE regarding requirements development and
documentation? Answer: The requirements document should use market
research and promote full...
▶Major sub-categories of funding include: Answer: All the answers are
correct