CLM 059 Exam 2023 - Fundamentals of Small Business for the Acquisition Workforce | Modules 1-6 (18 Questions)

CLM 059 Exam 2023 - Fundamentals of Small Business for the Acquisition Workforce | Modules 1-6 (18 Questions) When an Interim Rule is issued, what effect does it have on an acquisition? Select all that apply. a. It can be ignored until the FAR is updated b. It precedes the issuance of a final proposed FAR Rule and is invalid c. When applicable, the Interim Rule impacts the acquisition immediately beginning with the effective date listed in the Federal Register Notice d. It has the force and effect of a FAR requirement and must be followed as written 2. What should an effective Small Business Professional demonstrate in fulfilling their role as a trusted business advisor? Select all that apply. a. Current understanding of the business environment both large and small businesses b. Identify potential small businesses for upcoming procurements c. Sound business judgement in acquisitions d. Educate small businesses 3. Open the Small Business Administration (SBA) Small Business Size Standards table PDF at the following link standard for North American Industry Classification System (NAICS) code , Computer Systems Design Services. a. $15 million b. 500 employees c. $27.5 million d. 1,000 employees 4. A small disadvantaged business has the potential to fulfill a Department of Defense (DoD) requirement for IT services, but it needs to achieve ISO 9000 certification to be competitive. Which of the following programs would you recommend to the small disadvantaged business that could be most beneficial in assisting them with the certification process? a. Indian Incentive Program (IPP) b. 8(a) Program c. Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) Programs d. Mentor-Protégé Program (MPP) 5. What can the results of market research help the acquisition team do? Select all that apply. (NOT A, B) (NOT A, B, C, D) (NOT B, C) a. Define requirements