SK1 SWE QUESTIONS AND ANSWERS
For purchases exceeding $3,000, how many quotes are acceptable? - Answer -3
quotes
Purchases under $3,000 must be equally distributed among qualified suppliers? -
Answer -True
For purchases in excess of $3,000, the _____ shall solicit quotations from a reasonable
number of qualified sources. - Answer -KO
The KO shall establish and maintain documentation of ORAL quotes to determine the
best value for the government. - Answer -True
The supplies or services with an anticipated dollar value more than $3,000, but less
than $150,000 ($100,000 - SAP isn't updated yet) are reserved exclusively for? -
Answer -Small Business (SAP 3-1)
Simplified Acquisition Procedures are divided into how many categories? - Answer -2,
micro-purchase & simplified Acquisitions
The form used to purchase supplies if the cost is less than or equal to $3,000? -
Answer -OF-347
The use of the SF-1449 is to? - Answer -Solicit RFQ's, IFB's, or RFP's/ award
contracts/ document receipts of supplies (SAP 12-13)
The form used to amend a solicitation of a contract is what? - Answer -SF-30 (SAP 12-
1)
A legally binding relationship obligating the seller to furnish the supplies and services
and the buyer to pay for them is called a? - Answer -CONTRACT
The simplified acquisition threshold stops at how much? - Answer -$150,000 ($100,000
SAP) inside US
1 Million outside US
(SAP 1-1)
The form used to purchase supplies and services if the cost is equal or greater than
$3,000? - Answer -SF-1449
The count team uses what method of counting during the count? - Answer -THE BLIND
COUNT (SPPM 3-E-8)
,What is minimum causative research - Answer -A review of all Transactions, shipments
discrepancies, and catalog change sections since last inventory
OM&S assets valued at less than $2,000 is what? - Answer -Random sample inventory
These people review count sheets, reconcile the inventory, create adjustment reports,
and prepare the inventory package for the PCO? - Answer -The Research and
adjustment personnel, RA's
These people carry out a count of OM&S inventory items? - Answer -Count Team
This person supervises the entire inventory process, he certifies the inventory and
forwards the package to the CO? - Answer -PCO
The sample OM&S inventory report is due when? - Answer -4th quarter
Capitalized OM&S is everything with a value equal to or greater than? - Answer -
$2,000
Capitalized OM&S inventory report is due when? - Answer -4th quarter
What is used to compare the physical inventory count to the count in CMplus? - Answer
-Master count sheet
The count team turns in all count sheets to whom when completed? - Answer -the RA's
What determines the number of items in a sample count report? - Answer -Sample Size
Table in the (SPPM 3-E-12)
This person certifies the inventory as correct? - Answer -PCO
When necessary, they prepare the CG-3114 form? - Answer -The RA's
What scheduled requirements are considered minimal for effective inventory control? -
Answer -semi-annual random counts/ 4th quarter inventory of capitalized assets/4th
quarter random counts.
What form should you count team use to report inventory losses and gains? - Answer -
cg-3114
For second and subsequent inventory counts, there must be what? - Answer -2 new
counters
What kind of research does the RA do? - Answer -minimum causative research
,A complete wall-to-wall inventory before the end of the fiscal year must be done if the
results are less than what? - Answer -1-150 items requires sample size of 20 with 0
allowable errors
151-280 items requires sample size of 32 with 1 allowable error
281-500 items requires sample size of 50 with 2 allowable errors
Total dollar values for reporting discrepancies range from a minimum of less than ____
to greater than or equal to $100,000? - Answer -$10,000 (SPPM 3-E-16)
What does the PCO certify as complete? - Answer -The inventory Package
A review of potential discrepancies, which involves conducting warehouse search
counts, consideration of recent transactions, receipt/issue documentation and
verification of catalog federal logistic data is what? - Answer -Pre-adjustment research
The purpose of pre-adjustment research is to determine what? - Answer -the correct
balance
All controlled and sensitive items counted annually shall require an accuracy standard
of what? - Answer -100% accuracy
Reporting requirements for inventory lost, damaged, or destroyed with a dollar value
between $5,000 -$100,000 are reported on what? - Answer -Report of survey with an
adjustment form CG-3114
(SPPM 3-E-16)
Reporting requirements for inventory loss, damaged, or destroyed with a dollar value
less than $5,000 are reported on what? - Answer -Adjustment form cg-3114 or CMplus
inventory report
(SPPM 3-E-16)
How many copies of the SF-120 do you make for ISC, MLC, and headqaurters -
Answer -4 copies
When negligence is suspected, how many members must be appointed to the board of
survey? - Answer -At least 3
Who convenes the members of a board of survey? - Answer -survey officer
Who is authorized to approve reports of survey for GPP under $5,000? - Answer -
CO/OINC
(SPPM 3-E-16)
If an item costing ____ or more is reported as lost, missing, stolen, or damaged beyond
normal wear-and -tear a report of survey is required. - Answer -$500
(PMM 4.4.1.1)
, A CG-5269 for property with a value of less than $2,500 should be kept on file locally for
how long? - Answer -3 years
The excess property bulletin is issued every how many days? - Answer -30 days
Where will you find instructions on how to fill out an SF-120? - Answer -ELC homepage
What is the purpose of the SF-120? - Answer -To make excess property available for
acquisition
The 2 selections allowed in the priority code data block are what? - Answer -Routine &
Priority
What handbook contains a listing of unit of issue types? - Answer -DLA handbook
How many methods are used in the acquisitions of supplies and non-personal services
from military and civilian agencys? - Answer -4 methods
Items numbers on an SF-120 always starts with what character? - Answer -L
What year did the economy act become law? - Answer -1932
This Authorizes agencies to enter into a mutual agreement to obtain supplies and
services by inter-agency acquisition? - Answer -the economy act of 1932
Interagency acquisitions that fall under the economy act must contain what? - Answer -
Determination & findings document
What Far subpart describes the policies and procedures for comparing contractor
versus government performace? - Answer -Far 7.3
Far subpart describing the policies and procedures identifiying the statuory authorities
for contracting without providing for full and open competition - Answer -Far 6.3
Far subpart describing the policies and procedures for full and open competition after
excluding one or more sources? - Answer -Far 6.2
What is the purpose of the post count validation? - Answer -Determine the validity of
the count
If a sample size equals or exceeds stocked line items, carry out what? - Answer -100%
inspection
The count team shall use the _________ of counting? - Answer -Touch method
For purchases exceeding $3,000, how many quotes are acceptable? - Answer -3
quotes
Purchases under $3,000 must be equally distributed among qualified suppliers? -
Answer -True
For purchases in excess of $3,000, the _____ shall solicit quotations from a reasonable
number of qualified sources. - Answer -KO
The KO shall establish and maintain documentation of ORAL quotes to determine the
best value for the government. - Answer -True
The supplies or services with an anticipated dollar value more than $3,000, but less
than $150,000 ($100,000 - SAP isn't updated yet) are reserved exclusively for? -
Answer -Small Business (SAP 3-1)
Simplified Acquisition Procedures are divided into how many categories? - Answer -2,
micro-purchase & simplified Acquisitions
The form used to purchase supplies if the cost is less than or equal to $3,000? -
Answer -OF-347
The use of the SF-1449 is to? - Answer -Solicit RFQ's, IFB's, or RFP's/ award
contracts/ document receipts of supplies (SAP 12-13)
The form used to amend a solicitation of a contract is what? - Answer -SF-30 (SAP 12-
1)
A legally binding relationship obligating the seller to furnish the supplies and services
and the buyer to pay for them is called a? - Answer -CONTRACT
The simplified acquisition threshold stops at how much? - Answer -$150,000 ($100,000
SAP) inside US
1 Million outside US
(SAP 1-1)
The form used to purchase supplies and services if the cost is equal or greater than
$3,000? - Answer -SF-1449
The count team uses what method of counting during the count? - Answer -THE BLIND
COUNT (SPPM 3-E-8)
,What is minimum causative research - Answer -A review of all Transactions, shipments
discrepancies, and catalog change sections since last inventory
OM&S assets valued at less than $2,000 is what? - Answer -Random sample inventory
These people review count sheets, reconcile the inventory, create adjustment reports,
and prepare the inventory package for the PCO? - Answer -The Research and
adjustment personnel, RA's
These people carry out a count of OM&S inventory items? - Answer -Count Team
This person supervises the entire inventory process, he certifies the inventory and
forwards the package to the CO? - Answer -PCO
The sample OM&S inventory report is due when? - Answer -4th quarter
Capitalized OM&S is everything with a value equal to or greater than? - Answer -
$2,000
Capitalized OM&S inventory report is due when? - Answer -4th quarter
What is used to compare the physical inventory count to the count in CMplus? - Answer
-Master count sheet
The count team turns in all count sheets to whom when completed? - Answer -the RA's
What determines the number of items in a sample count report? - Answer -Sample Size
Table in the (SPPM 3-E-12)
This person certifies the inventory as correct? - Answer -PCO
When necessary, they prepare the CG-3114 form? - Answer -The RA's
What scheduled requirements are considered minimal for effective inventory control? -
Answer -semi-annual random counts/ 4th quarter inventory of capitalized assets/4th
quarter random counts.
What form should you count team use to report inventory losses and gains? - Answer -
cg-3114
For second and subsequent inventory counts, there must be what? - Answer -2 new
counters
What kind of research does the RA do? - Answer -minimum causative research
,A complete wall-to-wall inventory before the end of the fiscal year must be done if the
results are less than what? - Answer -1-150 items requires sample size of 20 with 0
allowable errors
151-280 items requires sample size of 32 with 1 allowable error
281-500 items requires sample size of 50 with 2 allowable errors
Total dollar values for reporting discrepancies range from a minimum of less than ____
to greater than or equal to $100,000? - Answer -$10,000 (SPPM 3-E-16)
What does the PCO certify as complete? - Answer -The inventory Package
A review of potential discrepancies, which involves conducting warehouse search
counts, consideration of recent transactions, receipt/issue documentation and
verification of catalog federal logistic data is what? - Answer -Pre-adjustment research
The purpose of pre-adjustment research is to determine what? - Answer -the correct
balance
All controlled and sensitive items counted annually shall require an accuracy standard
of what? - Answer -100% accuracy
Reporting requirements for inventory lost, damaged, or destroyed with a dollar value
between $5,000 -$100,000 are reported on what? - Answer -Report of survey with an
adjustment form CG-3114
(SPPM 3-E-16)
Reporting requirements for inventory loss, damaged, or destroyed with a dollar value
less than $5,000 are reported on what? - Answer -Adjustment form cg-3114 or CMplus
inventory report
(SPPM 3-E-16)
How many copies of the SF-120 do you make for ISC, MLC, and headqaurters -
Answer -4 copies
When negligence is suspected, how many members must be appointed to the board of
survey? - Answer -At least 3
Who convenes the members of a board of survey? - Answer -survey officer
Who is authorized to approve reports of survey for GPP under $5,000? - Answer -
CO/OINC
(SPPM 3-E-16)
If an item costing ____ or more is reported as lost, missing, stolen, or damaged beyond
normal wear-and -tear a report of survey is required. - Answer -$500
(PMM 4.4.1.1)
, A CG-5269 for property with a value of less than $2,500 should be kept on file locally for
how long? - Answer -3 years
The excess property bulletin is issued every how many days? - Answer -30 days
Where will you find instructions on how to fill out an SF-120? - Answer -ELC homepage
What is the purpose of the SF-120? - Answer -To make excess property available for
acquisition
The 2 selections allowed in the priority code data block are what? - Answer -Routine &
Priority
What handbook contains a listing of unit of issue types? - Answer -DLA handbook
How many methods are used in the acquisitions of supplies and non-personal services
from military and civilian agencys? - Answer -4 methods
Items numbers on an SF-120 always starts with what character? - Answer -L
What year did the economy act become law? - Answer -1932
This Authorizes agencies to enter into a mutual agreement to obtain supplies and
services by inter-agency acquisition? - Answer -the economy act of 1932
Interagency acquisitions that fall under the economy act must contain what? - Answer -
Determination & findings document
What Far subpart describes the policies and procedures for comparing contractor
versus government performace? - Answer -Far 7.3
Far subpart describing the policies and procedures identifiying the statuory authorities
for contracting without providing for full and open competition - Answer -Far 6.3
Far subpart describing the policies and procedures for full and open competition after
excluding one or more sources? - Answer -Far 6.2
What is the purpose of the post count validation? - Answer -Determine the validity of
the count
If a sample size equals or exceeds stocked line items, carry out what? - Answer -100%
inspection
The count team shall use the _________ of counting? - Answer -Touch method
