COR 2 UPDATED EXAM QUESTIONS AND CORRECT
DETAILED ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY GRADED A+
TERMS IN THIS SET (18) QUESTIONS VERIFIED ANSWERS
1) What does it mean by "an agent of the Government representative cannot
Government has only the actual legally commit the Government
authority, not apparent authority? beyond the limits of his authority.
2) Who usually has actual authority in Contracting Officer (CO)
Government contracting?
3) (p35,36,39) Acquisition planning Process where work/effort of all
includes... people/personnel responsible for an
acquisition are coordinated and
integrated through a plan.
4) "Contract type" identifies which party, Liability for performance problems
Government or contractor, bears what? including
1) subquality work,
2) delinquent performance,
, 3) and cost growth.
5) What is "Performance Based Under performance-based
Acquisition" acquisitions, the IRS pays for results,
not effort or process, and contractors
are free to determine the best and
most cost effective ways to fulfill the
need. Performance-based acquisitions
also reduce unnecessary contract
administration costs by trending away
from cost-reimbursement and level-
of-effort contracts to fixed price,
results oriented contracts.
6) What is "Sources Sought Identify qualified sources.
Announcement"?
7) What is "Request for Information Seeks the industry's expression of
(RFI)"? interest, current commercial
capabilities, and requirement
feasibility.
8) What is "Request for Comment (RFC)"? Invites industry feedback on a draft
work statement or solicitation
9) What are the two major families of 1) Fixed price contract and 2)
contract type?
10) What is "cost reimbursement (CR) cost reimbursement (CR) contract, the
DETAILED ANSWERS WITH RATIONALES (VERIFIED
ANSWERS) |ALREADY GRADED A+
TERMS IN THIS SET (18) QUESTIONS VERIFIED ANSWERS
1) What does it mean by "an agent of the Government representative cannot
Government has only the actual legally commit the Government
authority, not apparent authority? beyond the limits of his authority.
2) Who usually has actual authority in Contracting Officer (CO)
Government contracting?
3) (p35,36,39) Acquisition planning Process where work/effort of all
includes... people/personnel responsible for an
acquisition are coordinated and
integrated through a plan.
4) "Contract type" identifies which party, Liability for performance problems
Government or contractor, bears what? including
1) subquality work,
2) delinquent performance,
, 3) and cost growth.
5) What is "Performance Based Under performance-based
Acquisition" acquisitions, the IRS pays for results,
not effort or process, and contractors
are free to determine the best and
most cost effective ways to fulfill the
need. Performance-based acquisitions
also reduce unnecessary contract
administration costs by trending away
from cost-reimbursement and level-
of-effort contracts to fixed price,
results oriented contracts.
6) What is "Sources Sought Identify qualified sources.
Announcement"?
7) What is "Request for Information Seeks the industry's expression of
(RFI)"? interest, current commercial
capabilities, and requirement
feasibility.
8) What is "Request for Comment (RFC)"? Invites industry feedback on a draft
work statement or solicitation
9) What are the two major families of 1) Fixed price contract and 2)
contract type?
10) What is "cost reimbursement (CR) cost reimbursement (CR) contract, the
