m Questions Win n
th Complete An n n
swers.
ExpressnbActualnbAuthority:nb-nb(CORRECTnbANSWER)-
Authoritynbexplicitlynbgivennbtonbthenbagentnbthroughnbthenbprincipal'snbwrittennbornboralnbinstruc
tions
ImpliednbActualnbAuthority:nb-nb(CORRECTnbANSWER)-
authoritynbtonbdonbwhatnbisnbusual,nbcustomarynbandnbnecessarynbtonbaccomplishnbthenbaction.nbNo
nb expressnbagreement
,ApparentnbAuthority:nb-nb(CORRECTnbANSWER)-
someonenbreasonablynbbelievesnbannbindividualnbhasnbthenbauthoritynbtonbactnbonnbthenbbehalfnbofnb
thenbgovernment
Delegationnbofnbauthority:nb-nb(CORRECTnbANSWER)-
henbFARnbandnbstatesnbthatnbeachnbauthoritynbisnbdelegablenbunlessnbspecificallynbstatednbotherwis
enb(FARnb1.108(b)).
contract:nb-nb(CORRECTnbANSWER)-
mutuallynbbindingnblegalnbrelationshipnbobligatingnbthenbsellernbtonbfurnishnbthenbsuppliesnbornbser
vicesnb(includingnbconstruction)nbandnbthenbbuyernbtonbpaynbfornbthemnbinnbwriting
MutualnbAssent:nb-nb(CORRECTnbANSWER)-
meetingnbofnbthenbminds.nbpartiesnbinvolvednbinnbanbcontractnbmustnbcomenbtonbannbagreementnbab
outnbthenbdetailsnbofnbthenbtransactionnbandnbeachnbpartynbeithernbmakesnbanbpromisenbornbbeginsnb
ornbrendersnbperformance.
Capacity:nb-nb(CORRECTnbANSWER)-
refersnbtonbthenblegalnbcompetencenbofnbanbpersonnbtonbenternbanbvalidnbcontract.
,Consideration:nb-nb(CORRECTnbANSWER)-
somethingnbofnbvaluenbthatnbanbpromisornb(thenbofferor)nbreceivesnbfromnbanbpromiseenb(thenboffer
ee)nbinnbreturnnbfornbhisnbornbhernboffer.
LawfulnbPurpose:nb-nb(CORRECTnbANSWER)-
thenbcontractnbmustnbnotnbbenbfornbannbunlawfulnbpurposenbornbcontrarynbtonbpublicnbpolicy
Essentialnbelementsnbofnbanbcontract:nb-nb(CORRECTnbANSWER)-Capacitynb
Mutualnbassentnb
Considerationnb
Lawfulnbpurpose
FARnbpartnb10:nb-nb(CORRECTnbANSWER)-marketnbresearch
Marketnbresearch:nb-nb(CORRECTnbANSWER)-
thenbprocessnbusednbtonbdeterminenbifnbindustrynbcannbsupportnbthenbacquisitionnb"needs"nbofnbthen
b Government.nbanbcontinuousnbprocessnbfornbgatheringnbandnbanalyzingnbinformationnbaboutnbpr
oductsnbandnbservicesnbthatnbarenbavailablenbinnbmarketplace.
Marketnbresearchnbisnbconductednbtonbdetermine:nb-nb(CORRECTnbANSWER)-
ifnbcommercialnbproducts/servicesnbornbnon-
developmentalnbitemsnbarenbavailablenbtonbmeetnbthenbGovernment'snbneedsnbornbcouldnbbenbmodi
fiednbtonbmeetnbthenbGovernment'snbneedsnb(FAR10.002(b)).
, Strategicnbmarketnbresearch:nb-nb(CORRECTnbANSWER)-
continuous.nboverallnbmarketnbdevelopments,nbtrendsnbandnbcapabilities.nb
Annbexamplenbofnbstrategicnbresearchnbisnbattendingnbanbtradenbshownbfornbanbspecificnbindustry.
TacticalnbMarket:nb-nb(CORRECTnbANSWER)-
conductednbatnbspecificnbpointsnbduringnbthenbacquisitionnbprocess.nbprovidesnbanbdeepernbunders
tandingnbofnbthenbmarketnbandnbanswernbspecificnbquestionsnbaboutnbthenbcapabilities,nbproductsnb
ornbservicesnbavailablenbinnbthenbmarket.
Marketnbresearchnbcannbbe:nb-nb(CORRECTnbANSWER)-StrategicnbornbTactical
ThenbCompetitionnbinnbContractingnbActnbofnb1984,nb(CICA):nb-nb(CORRECTnbANSWER)-
Generally,nbunlessnbannbexceptionnbappliesnbornbisnbotherwisenbexpresslynbauthorizednbbynbstatut
e,nbContractingnbOfficersnbshallnbpromotenbandnbprovidenbfornbfullnbandnbopennbcompetitionnbinnbso
licitingnboffersnbandnbawardingnbGovernmentnbcontracts.
CompetitivenbProcedures:nb-nb(CORRECTnbANSWER)-Sealednbbids.
Competitivenbproposals
Combinationnbofnbcompetitivenbprocedures.(e.g.,nbtwo-stepnbsealednbbidding).
Othernbcompetitivenbprocedures