CON 3990 EXAM STUDY GUIDE QUESTIONS WITH CORRECT
ANSWERS
You are a contracting officer overseeing a $275,000 commercial contract. Because the
contractor has failed to perform, you decide to terminate the contract. What
termination would be used? -- Answer ✔✔ Termination for Cause
A structured approach to determining profit or fee prenegotiation objectives shall be
used. For DoD, that structured approach is? -- Answer ✔✔ The Weighted Guidelines
IAW FAR 52.246-2, does the Government have the right to inspect a product before it
is accepted? -- Answer ✔✔ Yes, always
After issuing a solicitation, who is the focal point for any exchanges with industry? --
Answer ✔✔ Contracting officer
What shall the contracting officer do if he/she believes a proposed amendment, after
offers have been received, is so substantial as to exceed what prospective offerors
reasonably could have anticipated? -- Answer ✔✔ Cancel the original solicitation and
issue a new one, regardless of the stage of the acquisition.
________ may be used for an amendment when time is of the essence. -- Answer ✔✔
Oral
What form is used to amend a solicitation? -- Answer ✔✔ SF30
T or F: Market Research means collecting and analyzing information about capabilities
within the market to satisfy agency needs. -- Answer ✔✔ True
, T or F: Conduct the same level of Market Research for all requirements. -- Answer ✔✔
False
T or F: Market Research is only performed before we develop new requirements. --
Answer ✔✔ False
T or F: Market Research is a continuous process. -- Answer ✔✔ True
T or F: The 2 Types of Market Research are simple and complex -- Answer ✔✔ False
T or F: The 2 Types of Market Research are strategic and tactical -- Answer ✔✔ True
T or F: Market Research is addressed in FAR Part 11 -- Answer ✔✔ False; FAR Part 10
T or F: The FAR describes a preference for commercial items over non-commercial
items. -- Answer ✔✔ True
Allowable Cost: Reasonable? -- Answer ✔✔ Yes
Allowable Cost: Realistic? -- Answer ✔✔ No
Allowable Cost: Any limitations set forth in FAR subpart 31.2? -- Answer ✔✔ Yes
Allowable Cost: IAW the terms of the contract? -- Answer ✔✔ Yes
Allowable Cost: IAW Common Law? -- Answer ✔✔ No
Allowable Cost: Allocable? -- Answer ✔✔ Yes
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting
Standards? -- Answer ✔✔ Yes
Allowable Cost: Any Limitations set forth in FAR subpart 15.1? -- Answer ✔✔ No
Modification Type: Exercising an Option -- Answer ✔✔ Unilateral
ANSWERS
You are a contracting officer overseeing a $275,000 commercial contract. Because the
contractor has failed to perform, you decide to terminate the contract. What
termination would be used? -- Answer ✔✔ Termination for Cause
A structured approach to determining profit or fee prenegotiation objectives shall be
used. For DoD, that structured approach is? -- Answer ✔✔ The Weighted Guidelines
IAW FAR 52.246-2, does the Government have the right to inspect a product before it
is accepted? -- Answer ✔✔ Yes, always
After issuing a solicitation, who is the focal point for any exchanges with industry? --
Answer ✔✔ Contracting officer
What shall the contracting officer do if he/she believes a proposed amendment, after
offers have been received, is so substantial as to exceed what prospective offerors
reasonably could have anticipated? -- Answer ✔✔ Cancel the original solicitation and
issue a new one, regardless of the stage of the acquisition.
________ may be used for an amendment when time is of the essence. -- Answer ✔✔
Oral
What form is used to amend a solicitation? -- Answer ✔✔ SF30
T or F: Market Research means collecting and analyzing information about capabilities
within the market to satisfy agency needs. -- Answer ✔✔ True
, T or F: Conduct the same level of Market Research for all requirements. -- Answer ✔✔
False
T or F: Market Research is only performed before we develop new requirements. --
Answer ✔✔ False
T or F: Market Research is a continuous process. -- Answer ✔✔ True
T or F: The 2 Types of Market Research are simple and complex -- Answer ✔✔ False
T or F: The 2 Types of Market Research are strategic and tactical -- Answer ✔✔ True
T or F: Market Research is addressed in FAR Part 11 -- Answer ✔✔ False; FAR Part 10
T or F: The FAR describes a preference for commercial items over non-commercial
items. -- Answer ✔✔ True
Allowable Cost: Reasonable? -- Answer ✔✔ Yes
Allowable Cost: Realistic? -- Answer ✔✔ No
Allowable Cost: Any limitations set forth in FAR subpart 31.2? -- Answer ✔✔ Yes
Allowable Cost: IAW the terms of the contract? -- Answer ✔✔ Yes
Allowable Cost: IAW Common Law? -- Answer ✔✔ No
Allowable Cost: Allocable? -- Answer ✔✔ Yes
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting
Standards? -- Answer ✔✔ Yes
Allowable Cost: Any Limitations set forth in FAR subpart 15.1? -- Answer ✔✔ No
Modification Type: Exercising an Option -- Answer ✔✔ Unilateral
