CON 1300 PRACTICE EXAM QUESTIONS
WITH CORRECT ANSWERS
/. An offer is response to a solicitation that, as accepted, would bind the offeror to
perform the resultant contract. - Answer-True
/.A quotation could include specs but no technical or past performance documentation?
- Answer-True
/.What would it be if you include technical or past performance? - Answer-A proposal
/.Are there tradeoffs in LPTAs? - Answer-No
/.Which risk element indicates how well the contractor would or would not be able to
satisfy the requirement of statement of work? - Answer-Performance risk
/.Which of the following are not to go risk types? - Answer-Subcontracting
/.Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and
reasonable? - Answer-True
/.Cost realism is required for all cost type contracts. - Answer-True
/.During performing price an.alysis we compare separate cost elements - Answer-False
/.Is GFP a price related factor? - Answer-YES (competitive fixed price only!!!)
/.What price adjustment do we alter HUBZones by? - Answer-10%
/.When we are not doing tradeoffs what is the price we tend to go with? - Answer-
Lowest Price Technically Acceptable
/.When we have certified cost/pricing data what type analysis are we going to do? -
Answer-Cost analysis
/.1. What are the exemptions to TINA? - Answer-Commercial, Competition, Waiver
/.What is a direct cost? - Answer-Any cost directly identified with a single, final cost
objective
/.Steps to using cost analysis? - Answer-· Get a "Good" Proposal [FAR Table 15.2
compliant]
WITH CORRECT ANSWERS
/. An offer is response to a solicitation that, as accepted, would bind the offeror to
perform the resultant contract. - Answer-True
/.A quotation could include specs but no technical or past performance documentation?
- Answer-True
/.What would it be if you include technical or past performance? - Answer-A proposal
/.Are there tradeoffs in LPTAs? - Answer-No
/.Which risk element indicates how well the contractor would or would not be able to
satisfy the requirement of statement of work? - Answer-Performance risk
/.Which of the following are not to go risk types? - Answer-Subcontracting
/.Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and
reasonable? - Answer-True
/.Cost realism is required for all cost type contracts. - Answer-True
/.During performing price an.alysis we compare separate cost elements - Answer-False
/.Is GFP a price related factor? - Answer-YES (competitive fixed price only!!!)
/.What price adjustment do we alter HUBZones by? - Answer-10%
/.When we are not doing tradeoffs what is the price we tend to go with? - Answer-
Lowest Price Technically Acceptable
/.When we have certified cost/pricing data what type analysis are we going to do? -
Answer-Cost analysis
/.1. What are the exemptions to TINA? - Answer-Commercial, Competition, Waiver
/.What is a direct cost? - Answer-Any cost directly identified with a single, final cost
objective
/.Steps to using cost analysis? - Answer-· Get a "Good" Proposal [FAR Table 15.2
compliant]
