CON 1200V EXAM QUESTIONS AND VERIFIED
ANSWER; 100% CORRECT; 2026- 2027 UPDATE
1. Which if the following statements is correct regarding the
government's policy for describing agency needs?
a) Market research should be used to limit competition to save
procurement time.
b) Restrictive provisions can only be used to the extent
necessary to meet agency needs or as authorized by law.
c) Requirements should be defined in terms that encourage
offerors to supply government-unique items.
d) Prime contractors should not be required to incorporate
commercial products as components of the items being
supplied to the agency. - correct answer- b
2. Which of the following types of requirements documents
state desired outcomes with associated standards for the
services being acquired?
a) design-oriented document
,b) Guide
c) Performance oriented document
d) Standards - correct answer- c
3. What statement is true regarding product and service codes?
a) Product and service codes should be selected based on the
main product or service being purchased.
b) Most task orders contain only one product or service code.
c) Product and service codes do not need to be included in
contract actions.
d) Product and service codes indicate why certain products,
services, and research and development was purchased
for each contract action. - correct answer- a
4. Why do government contractors diversify their markets?
Select all that apply.
a) To increase customer count at minimal expense.
b) To build up resources for commercialization.
, c) To stay focused in a specific line of business.
d) To diversify into new agencies and pursue new customers.
e) o boost revenue and reduce risks from agency-specific budget
cuts. - correct answer- d
e
5. According to FAR 7.105, a written acquisition plan has two
main parts, which are:
a) Acquisition background and objectives, and plan of action.
b) Competition, and cost.
c) Performance period requirements, and source selection
procedures.
d) Risks, and sources. - correct answer- a
6. Which of the following are factors to be considered in the
determination of whether to lease o purchase
equipment? Select all that apply.
a) Net purchase price of equipment.
b) Cumulative rental payments for the estimated period of use.
ANSWER; 100% CORRECT; 2026- 2027 UPDATE
1. Which if the following statements is correct regarding the
government's policy for describing agency needs?
a) Market research should be used to limit competition to save
procurement time.
b) Restrictive provisions can only be used to the extent
necessary to meet agency needs or as authorized by law.
c) Requirements should be defined in terms that encourage
offerors to supply government-unique items.
d) Prime contractors should not be required to incorporate
commercial products as components of the items being
supplied to the agency. - correct answer- b
2. Which of the following types of requirements documents
state desired outcomes with associated standards for the
services being acquired?
a) design-oriented document
,b) Guide
c) Performance oriented document
d) Standards - correct answer- c
3. What statement is true regarding product and service codes?
a) Product and service codes should be selected based on the
main product or service being purchased.
b) Most task orders contain only one product or service code.
c) Product and service codes do not need to be included in
contract actions.
d) Product and service codes indicate why certain products,
services, and research and development was purchased
for each contract action. - correct answer- a
4. Why do government contractors diversify their markets?
Select all that apply.
a) To increase customer count at minimal expense.
b) To build up resources for commercialization.
, c) To stay focused in a specific line of business.
d) To diversify into new agencies and pursue new customers.
e) o boost revenue and reduce risks from agency-specific budget
cuts. - correct answer- d
e
5. According to FAR 7.105, a written acquisition plan has two
main parts, which are:
a) Acquisition background and objectives, and plan of action.
b) Competition, and cost.
c) Performance period requirements, and source selection
procedures.
d) Risks, and sources. - correct answer- a
6. Which of the following are factors to be considered in the
determination of whether to lease o purchase
equipment? Select all that apply.
a) Net purchase price of equipment.
b) Cumulative rental payments for the estimated period of use.
