L3ABR6C031 Contracting Apprentice Block 2
150 QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) ALREADY GRADED A+ 2025 NEW
UPDATE
☆ - CORRECT ANSWER:
☆7A-123.) How shall market research be conducted according to FAR Subpart 10.001?
- CORRECT ANSWER: 1.) Appropriate to the circumstances
2.)Before developing new requirements
3.) On an ongoing basis
4.) Over the SAT - before soliciting offers
5.) Below the SAT - before soliciting offers when adequate information is not available
and the circumstances justify the cost
☆7A-123.) What is "market research" IAW FAR Subpart 2.101? - CORRECT ANSWER:
Market research is "collecting and analyzing information about capabilities within the
market to satisfy agency needs"
☆7A-123.) Which FAR Part dictates how the federal government conducts market
research? - CORRECT ANSWER: FAR Part 10, Market Research
,☆7A-124.) FAR Subpart 10.002(b)(1) explains that market research will vary depending
on _________________, _________________, _________________, and
_________________. - CORRECT ANSWER: 1.) urgency
2.) estimated dollar value
3.) complexity
4.) and past experiences
☆7A-124.) What are the four techniques available to perform market research according
to FAR Subpart 10.002(b)(2)? - CORRECT ANSWER: 1.) Contacting knowledgeable
individuals in government and industry
2.) Review the results of recent market research
3.) Publish formal request for information
4.) Query the government-wide database of contracts
☆7A-125.) The entire MFT team shares a portion of responsibility for using the results of
market research to determine what 4 things? - CORRECT ANSWER: 1.) If sources
capable of satisfying the agency's requirements exist.
2.) Commercial Item availability
3.) Customary Commercial Practices
4.) Small business set-asides
, ☆7A-125.) The FAR requires contracting professionals to do what with market
research? - CORRECT ANSWER: To "use the results of their market research to make
acquisition planning decisions."
☆7B-127.) According to the DPAP, what is strategic sourcing? - CORRECT ANSWER:
Strategic sourcing is the collaborative and structured process of critically analyzing an
organization's spending and using this information to make business decisions.
☆7B-127.) What is the DPAP? - CORRECT ANSWER: The Defense Procurement and
Acquisition Policy.
☆7B-128.) How do category councils secure discounts? - CORRECT ANSWER: They
provide a reliable source of vetted companies to place bulk orders without going through
the entire procurement process.
☆7B-128.) What tools are created to leverage the benefit of buying products and
services in bulk thereby securing the best overall value through quantity discount? -
CORRECT ANSWER: Category Councils (A.K.A Commodity Councils)
☆7C-131.) Unless deployed, the ___________________ ___________________
mandatory sources are checked prior to contracting receiving a requirement. -
CORRECT ANSWER: first two
☆7C-131.) What is the First Priority mandatory source for supplies? - CORRECT
ANSWER: Inventories of the Requiring Agency.
☆7C-131.) What is the Second Priority mandatory source for supplies? - CORRECT
ANSWER: Excess from other Agencies.
150 QUESTIONS AND CORRECT DETAILED
ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) ALREADY GRADED A+ 2025 NEW
UPDATE
☆ - CORRECT ANSWER:
☆7A-123.) How shall market research be conducted according to FAR Subpart 10.001?
- CORRECT ANSWER: 1.) Appropriate to the circumstances
2.)Before developing new requirements
3.) On an ongoing basis
4.) Over the SAT - before soliciting offers
5.) Below the SAT - before soliciting offers when adequate information is not available
and the circumstances justify the cost
☆7A-123.) What is "market research" IAW FAR Subpart 2.101? - CORRECT ANSWER:
Market research is "collecting and analyzing information about capabilities within the
market to satisfy agency needs"
☆7A-123.) Which FAR Part dictates how the federal government conducts market
research? - CORRECT ANSWER: FAR Part 10, Market Research
,☆7A-124.) FAR Subpart 10.002(b)(1) explains that market research will vary depending
on _________________, _________________, _________________, and
_________________. - CORRECT ANSWER: 1.) urgency
2.) estimated dollar value
3.) complexity
4.) and past experiences
☆7A-124.) What are the four techniques available to perform market research according
to FAR Subpart 10.002(b)(2)? - CORRECT ANSWER: 1.) Contacting knowledgeable
individuals in government and industry
2.) Review the results of recent market research
3.) Publish formal request for information
4.) Query the government-wide database of contracts
☆7A-125.) The entire MFT team shares a portion of responsibility for using the results of
market research to determine what 4 things? - CORRECT ANSWER: 1.) If sources
capable of satisfying the agency's requirements exist.
2.) Commercial Item availability
3.) Customary Commercial Practices
4.) Small business set-asides
, ☆7A-125.) The FAR requires contracting professionals to do what with market
research? - CORRECT ANSWER: To "use the results of their market research to make
acquisition planning decisions."
☆7B-127.) According to the DPAP, what is strategic sourcing? - CORRECT ANSWER:
Strategic sourcing is the collaborative and structured process of critically analyzing an
organization's spending and using this information to make business decisions.
☆7B-127.) What is the DPAP? - CORRECT ANSWER: The Defense Procurement and
Acquisition Policy.
☆7B-128.) How do category councils secure discounts? - CORRECT ANSWER: They
provide a reliable source of vetted companies to place bulk orders without going through
the entire procurement process.
☆7B-128.) What tools are created to leverage the benefit of buying products and
services in bulk thereby securing the best overall value through quantity discount? -
CORRECT ANSWER: Category Councils (A.K.A Commodity Councils)
☆7C-131.) Unless deployed, the ___________________ ___________________
mandatory sources are checked prior to contracting receiving a requirement. -
CORRECT ANSWER: first two
☆7C-131.) What is the First Priority mandatory source for supplies? - CORRECT
ANSWER: Inventories of the Requiring Agency.
☆7C-131.) What is the Second Priority mandatory source for supplies? - CORRECT
ANSWER: Excess from other Agencies.
