COR 2 Test Prep Latest Update 2025-2026
Questions and 100% Verified Correct Answers
Guaranteed A+
"Contract type" identifies which party, Government or contractor, bears what? -
CORRECT ANSWER: Liability for performance problems including
1) subquality work,
2) delinquent performance,
3) and cost growth.
(p35,36,39) Acquisition planning includes... - CORRECT ANSWER: Process where
work/effort of all people/personnel responsible for an acquisition are coordinated and
integrated through a plan.
Authorized Statue: For purchases between micro-purchase threshold and $25,000? -
CORRECT ANSWER: CO considers at least 3 sources
Authorized Statue: For purchases exceeding $25,000? - CORRECT ANSWER: The
requirement must be publicly announced in Federal Business Opportunities
(beta.SAM.gov)
Describe the "Firm Fixed Price (FFP)" contract type? - CORRECT ANSWER: Risk 가
없고, cost(가격)도 정확히 estimate(예측)할수 있고, 요구사항이 잘 define 되어있고, line
item 마다 Firm Fixed Price 가 정해져 있다, contractor 는 정해진 시간, 가격, 장소에서
산출물(deliverable)을 전달한다, commercial (상업) supplies (물자) 와 service (서비스),
R&D 사업에는 부적절한다(inappropriate).
Questions and 100% Verified Correct Answers
Guaranteed A+
"Contract type" identifies which party, Government or contractor, bears what? -
CORRECT ANSWER: Liability for performance problems including
1) subquality work,
2) delinquent performance,
3) and cost growth.
(p35,36,39) Acquisition planning includes... - CORRECT ANSWER: Process where
work/effort of all people/personnel responsible for an acquisition are coordinated and
integrated through a plan.
Authorized Statue: For purchases between micro-purchase threshold and $25,000? -
CORRECT ANSWER: CO considers at least 3 sources
Authorized Statue: For purchases exceeding $25,000? - CORRECT ANSWER: The
requirement must be publicly announced in Federal Business Opportunities
(beta.SAM.gov)
Describe the "Firm Fixed Price (FFP)" contract type? - CORRECT ANSWER: Risk 가
없고, cost(가격)도 정확히 estimate(예측)할수 있고, 요구사항이 잘 define 되어있고, line
item 마다 Firm Fixed Price 가 정해져 있다, contractor 는 정해진 시간, 가격, 장소에서
산출물(deliverable)을 전달한다, commercial (상업) supplies (물자) 와 service (서비스),
R&D 사업에는 부적절한다(inappropriate).
