SK1 SWE EXAM QUESTIONS WITH CORRECT ANSWERS LATEST UPDATE 2025-2026
For purchases exceeding $3,000, how many quotes are acceptable? - Answers 3 quotes
Purchases under $3,000 must be equally distributed among qualified suppliers? - Answers True
For purchases in excess of $3,000, the _____ shall solicit quotations from a reasonable number
of qualified sources. - Answers KO
The KO shall establish and maintain documentation of ORAL quotes to determine the best value
for the government. - Answers 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? - Answers Small
Business (SAP 3-1)
Simplified Acquisition Procedures are divided into how many categories? - Answers 2, micro-
purchase & simplified Acquisitions
The form used to purchase supplies if the cost is less than or equal to $3,000? - Answers OF-
347
The use of the SF-1449 is to? - Answers 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? - Answers 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? - Answers CONTRACT
The simplified acquisition threshold stops at how much? - Answers $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? -
Answers SF-1449
The count team uses what method of counting during the count? - Answers THE BLIND COUNT
(SPPM 3-E-8)
What is minimum causative research - Answers 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? - Answers Random sample inventory
These people review count sheets, reconcile the inventory, create adjustment reports, and
prepare the inventory package for the PCO? - Answers The Research and adjustment personnel,
RA's
These people carry out a count of OM&S inventory items? - Answers Count Team
This person supervises the entire inventory process, he certifies the inventory and forwards the
package to the CO? - Answers PCO
The sample OM&S inventory report is due when? - Answers 4th quarter
Capitalized OM&S is everything with a value equal to or greater than? - Answers $2,000
Capitalized OM&S inventory report is due when? - Answers 4th quarter
What is used to compare the physical inventory count to the count in CMplus? - Answers Master
count sheet
The count team turns in all count sheets to whom when completed? - Answers the RA's
What determines the number of items in a sample count report? - Answers Sample Size Table in
the (SPPM 3-E-12)
This person certifies the inventory as correct? - Answers PCO
When necessary, they prepare the CG-3114 form? - Answers The RA's
What scheduled requirements are considered minimal for effective inventory control? - Answers
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? - Answers cg-3114
For second and subsequent inventory counts, there must be what? - Answers 2 new counters
What kind of research does the RA do? - Answers 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? - Answers 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? - Answers $10,000 (SPPM 3-E-16)
What does the PCO certify as complete? - Answers 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? - Answers Pre-adjustment research
The purpose of pre-adjustment research is to determine what? - Answers the correct balance
All controlled and sensitive items counted annually shall require an accuracy standard of what? -
Answers 100% accuracy
Reporting requirements for inventory lost, damaged, or destroyed with a dollar value between
$5,000 -$100,000 are reported on what? - Answers 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? - Answers 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 - Answers 4
copies
When negligence is suspected, how many members must be appointed to the board of survey? -
Answers At least 3
Who convenes the members of a board of survey? - Answers survey officer
Who is authorized to approve reports of survey for GPP under $5,000? - Answers 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. - Answers $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? - Answers 3 years
The excess property bulletin is issued every how many days? - Answers 30 days
Where will you find instructions on how to fill out an SF-120? - Answers ELC homepage
What is the purpose of the SF-120? - Answers To make excess property available for acquisition
The 2 selections allowed in the priority code data block are what? - Answers Routine & Priority
What handbook contains a listing of unit of issue types? - Answers DLA handbook
How many methods are used in the acquisitions of supplies and non-personal services from
military and civilian agencys? - Answers 4 methods
Items numbers on an SF-120 always starts with what character? - Answers L
What year did the economy act become law? - Answers 1932
This Authorizes agencies to enter into a mutual agreement to obtain supplies and services by
inter-agency acquisition? - Answers the economy act of 1932
Interagency acquisitions that fall under the economy act must contain what? - Answers
Determination & findings document
What Far subpart describes the policies and procedures for comparing contractor versus
government performace? - Answers Far 7.3
Far subpart describing the policies and procedures identifiying the statuory authorities for
contracting without providing for full and open competition - Answers Far 6.3
Far subpart describing the policies and procedures for full and open competition after excluding
one or more sources? - Answers Far 6.2
What is the purpose of the post count validation? - Answers Determine the validity of the count
If a sample size equals or exceeds stocked line items, carry out what? - Answers 100%
inspection
The count team shall use the _________ of counting? - Answers Touch method
1. For Doc Type 17 Mass Transit Fare Benefit Program, what is the maximum dollar value
authorized to be reimbursed? - Answers $245.00 as of March 1, 2013
For purchases exceeding $3,000, how many quotes are acceptable? - Answers 3 quotes
Purchases under $3,000 must be equally distributed among qualified suppliers? - Answers True
For purchases in excess of $3,000, the _____ shall solicit quotations from a reasonable number
of qualified sources. - Answers KO
The KO shall establish and maintain documentation of ORAL quotes to determine the best value
for the government. - Answers 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? - Answers Small
Business (SAP 3-1)
Simplified Acquisition Procedures are divided into how many categories? - Answers 2, micro-
purchase & simplified Acquisitions
The form used to purchase supplies if the cost is less than or equal to $3,000? - Answers OF-
347
The use of the SF-1449 is to? - Answers 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? - Answers 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? - Answers CONTRACT
The simplified acquisition threshold stops at how much? - Answers $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? -
Answers SF-1449
The count team uses what method of counting during the count? - Answers THE BLIND COUNT
(SPPM 3-E-8)
What is minimum causative research - Answers 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? - Answers Random sample inventory
These people review count sheets, reconcile the inventory, create adjustment reports, and
prepare the inventory package for the PCO? - Answers The Research and adjustment personnel,
RA's
These people carry out a count of OM&S inventory items? - Answers Count Team
This person supervises the entire inventory process, he certifies the inventory and forwards the
package to the CO? - Answers PCO
The sample OM&S inventory report is due when? - Answers 4th quarter
Capitalized OM&S is everything with a value equal to or greater than? - Answers $2,000
Capitalized OM&S inventory report is due when? - Answers 4th quarter
What is used to compare the physical inventory count to the count in CMplus? - Answers Master
count sheet
The count team turns in all count sheets to whom when completed? - Answers the RA's
What determines the number of items in a sample count report? - Answers Sample Size Table in
the (SPPM 3-E-12)
This person certifies the inventory as correct? - Answers PCO
When necessary, they prepare the CG-3114 form? - Answers The RA's
What scheduled requirements are considered minimal for effective inventory control? - Answers
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? - Answers cg-3114
For second and subsequent inventory counts, there must be what? - Answers 2 new counters
What kind of research does the RA do? - Answers 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? - Answers 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? - Answers $10,000 (SPPM 3-E-16)
What does the PCO certify as complete? - Answers 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? - Answers Pre-adjustment research
The purpose of pre-adjustment research is to determine what? - Answers the correct balance
All controlled and sensitive items counted annually shall require an accuracy standard of what? -
Answers 100% accuracy
Reporting requirements for inventory lost, damaged, or destroyed with a dollar value between
$5,000 -$100,000 are reported on what? - Answers 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? - Answers 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 - Answers 4
copies
When negligence is suspected, how many members must be appointed to the board of survey? -
Answers At least 3
Who convenes the members of a board of survey? - Answers survey officer
Who is authorized to approve reports of survey for GPP under $5,000? - Answers 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. - Answers $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? - Answers 3 years
The excess property bulletin is issued every how many days? - Answers 30 days
Where will you find instructions on how to fill out an SF-120? - Answers ELC homepage
What is the purpose of the SF-120? - Answers To make excess property available for acquisition
The 2 selections allowed in the priority code data block are what? - Answers Routine & Priority
What handbook contains a listing of unit of issue types? - Answers DLA handbook
How many methods are used in the acquisitions of supplies and non-personal services from
military and civilian agencys? - Answers 4 methods
Items numbers on an SF-120 always starts with what character? - Answers L
What year did the economy act become law? - Answers 1932
This Authorizes agencies to enter into a mutual agreement to obtain supplies and services by
inter-agency acquisition? - Answers the economy act of 1932
Interagency acquisitions that fall under the economy act must contain what? - Answers
Determination & findings document
What Far subpart describes the policies and procedures for comparing contractor versus
government performace? - Answers Far 7.3
Far subpart describing the policies and procedures identifiying the statuory authorities for
contracting without providing for full and open competition - Answers Far 6.3
Far subpart describing the policies and procedures for full and open competition after excluding
one or more sources? - Answers Far 6.2
What is the purpose of the post count validation? - Answers Determine the validity of the count
If a sample size equals or exceeds stocked line items, carry out what? - Answers 100%
inspection
The count team shall use the _________ of counting? - Answers Touch method
1. For Doc Type 17 Mass Transit Fare Benefit Program, what is the maximum dollar value
authorized to be reimbursed? - Answers $245.00 as of March 1, 2013
