CLM 059 Exam2023 - Fundamentals of Small Business for the Acquisition Workforce | Modules 1-6 (18 Questions)

CLM 059 Exam2023 - Fundamentals of Small Business for the Acquisition Workforce | Modules 1-6 (18 Questions) 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