Review Test Sub Course CON290 mission: Week 1 Quiz ALL ANSWERS 100% CORRECT FALL-2021 GUARANTEED GRADE A+

Jenna, a contracting officer, has been asked by John, a program manager, to restrict competition on an upcoming procurement to companies within 50 miles of the program office. What Federal Acquisition Regulation (FAR) policy and underlying statutory requirement should guide Jenna’s response? 2 out of 2 points Selected Answer: Contracting officers are required to provide for full and open competition unless a FAR Part 6 exception or exclusion applies. Answers: Contracting officers may limit competition when an established and known source is available to meet the requirement. Contracting officers may limit competition when it provides for a more efficient procurement. Contracting officers are required to provide for full and open competition unless a FAR Part 6 exception or exclusion applies. Contracting officers shall provide for full and open competition at all times. Question 2 11-1 2 out of 2 points Sam is negotiating data rights for a technical data package (TDP) with Flute Company for a new Army acquisition program. Flute Company developed the item and related technical data entirely at its expense. What DoD policy applies in this situation? Selected Answer: Acquire only the technical data and rights necessary to satisfy the agency needs. Answers: Acquire the technical data and rights necessary to protect the Government’s best interest, in accordance with the contracting officer’s best judgment. All technical data rights are acquired automatically in DoD contracts. Technical data rights costing more than $1 million may not be purchased without Secretary of Defense level approval. Acquire only the technical data and rights necessary to satisfy the agency needs. Question 3 2 out of 2 points Which of the following is a main purpose of a Business Clearance (also known as a Review Board) briefing? Selected Answer: To gain approval from management to begin non-competitive negotiations Answers: To gain approval from management to begin non-competitive negotiations To develop skills in briefing senior management To act as a substitute writing a Price Negotiation Memorandum To supplement the contract file for future audit purposes Question 4 You just issued a sole-source RFP to Bayser, Inc. for a fixed-price-incentive-firm (FPIF) contract to develop a new sensor. Bayser responded with a proposal based on a cost-plus-incentive-fee (CPIF) contract type. How should you respond? 2 out of 2 points Selected Answer: You may consider changing contract type because contract type is negotiable, even after RFP release, in this situation. Answers: Reject the proposal because the FAR prohibits changing contract type once the acquisition plan has been approved. Reject the proposal because the FAR prohibits changing contract type once the RFP has been submitted. You may consider changing contract type because contract type is negotiable, even after RFP release, in this situation. You must change the contract type because this is a sole source procurement. Question 5 When using regression to test the causal/beneficial relationship of Nanotech’s indirect G&A support expenses, it makes the most sense to use the historical . 2 out of 2 points Selected Answer: G&A expense pool as the dependent variable and the associated G&A base as the independent variable. Answers: G&A expense pool as the dependent variable and the associated G&A base as the independent variable. G&A base as the dependent variable and associated expense pool as the independent variable. G&A rate as the dependent variable and the associated year as the independent variable. year as the dependent variable and associated rate as the independent variable. Question 6 2 out of 2 points The underrun share ratio specified in the FPIF production contract awarded to Proto Design Inc. is listed as “60/40”? What does this mean? Selected Answer: The Government keeps 60% of all cost underruns. Answers: When the contractor reaches 60% of target cost, it will reach PTA. When the contractor reaches 60% of target cost, it will receive a 40% performance bonus. The contractor keeps 60% of all cost underruns. The Government keeps 60% of all cost underruns. Question 7 2 out of 2 points You have validated the following information from a contractor’s proposal: Year 2012 (actual) 2013 (actual) 2014 (actual) 2015 (actual) 2016 (projected) Allocation Base $1,490,000 $1,300,000 $1,425,000 $1,500,000 $1,750,000 Expense Pool $275,300 $201,000 $265,000 $300,000 Based on the above information and regression analysis, what is the calculated overhead rate for 2016? (Use regression template.) Selected Answer: 23.08% Answers: 99.70% 23.08% 146.61% 6.82% Question 8 2 out of 2 points Andy, a contracting officer, is reviewing a Performance Based Payment (PBP) request from his contractor. The PBP event listed in the contract requires the contractor to complete the mock-up of a prototype unit for Government technical team review. The contractor has completed 99% of the mock-up, but ran into a delay with a 3rd tier subcontractor. The contractor informs Andy that the mock-up will be 99% complete at the time of the Government review. Based only on these facts, may Andy approve the PBP request at this time? Selected Answer: No, the PBP event must be 100% complete before the payment may be approved. Answers: No, the PBP event must be 100% complete before the payment may be approved. Yes, the Contracting Officer has the authority to make a judgment call on this matter and may approve the payment as he sees appropriate. Yes, because delays due to sub-contractor performance is one of the reasons that the FAR allows payment for incomplete performance. No, unless the Government receives a benefit from partial accomplishment of the PBP event. Question 9 2 out of 2 points You have received a proposal for which you must now perform a cost analysis. The proposal includes direct costs, indirect overhead costs, and profit. Which of these must be included in your cost analysis? Selected Answer: All must be included, including profit Answers: Only indirect overhead costs All must be included, except profit All must be included, including profit Only direct costs Question 10 2 out of 2 points Lucas is the contracting officer on a Cost Plus Fixed Fee (CPFF) “completion” contract with an estimated cost of $100,000. The negotiated fee is $10,000, or 10% of cost. The contractor has advised Lucas that they anticipate it will actually cost $110,000 to complete the work and the Government has increased funding accordingly. If final allowable cost comes in at $110,000, what fee will the contractor be paid upon successful completion of this effort? Selected Answer: $10,000 Answers: $11,000 $10,000 10% of final cost $9,000 Question 11 0 out of 2 points Under a CPFF contract, the final amount that will be paid is: