Correct Answers | Latest 2026/2027 Update |
Graded A+.
$50 million - ANS-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 ____.
1. An estimate that agrees with document market research
2. an unbiased realistic cost estimate for supplies or services that will be procured under
the contract - ANS-Items to consider during the development of the IGE include:
(select all that apply)
1. Product or service characterized
2. Available sources
3. Pricing - ANS-Elements of a Market Research report include: (Select all that apply)
Clarify the intent of the requirements without impacting cost - ANS-The COR must be
careful when giving technical direction to ________.
Contracting Officer - ANS-If the contractor delivers a non-conforming item or service, the
__________ may accept the deliverable.
A contracting officer may ratify an unauthorized commitment if the government received
a benefit... - ANS-John, the COR on a services contract, has made an unauthorized
commitment by authorizing the contractor to perform services that were not within the
scope of the contract. Choose the true statement from the following:
, A technical representative that is appointed by the contracting officer through a
designation letter - ANS-What is a Contracting Officer Representative?
All the answers are correct - ANS-Past performance assessments include input from the
__________.
Buys against GSA federal supply schedule - ANS-Some methods of contracting require
more time than others. Which of the following is not a streamlined method of
acquisition?
COR nomination letter - ANS-All of the following are elements of a Purchase Request
EXCEPT________.
COR/functional office - ANS-Who has the official responsibility for performing market
research?
Cost controls
Conforming products/services commitment to customer satisfaction performance
against contract schedule - ANS-Areas assessed in contractor past performance are
________________ (Select All that Apply)
Keep an arm's length relationship with contractor personnel - ANS-When working with
contractor personnel on a non-personal services contract, the COR should:
Latent Defect - ANS-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:
Cost Reimbursement - ANS-The inspection clause for ____________contracts allows
for the contractor to charge the cost of rework to the government.