Exam 3
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contains 19 Questions
1) How does the government make itself a more attractive buyer and benefit from smart
business practices in regards to commercial items? [Recognize the benefits and
challenges of procuring commercial items, modified commercial items, non-
developmental items and government unique items.]
Enhancing commercial distribution systems
Buying in smaller quantities
Establishing stringent business practices
Maximizing unique requirements
2) The contractor, the government and the taxpayer are the three parties that all benefit
from a successful, smartly shaped business relationship in what is called a Win-Win-Win
(Win3) outcome. [Identify the Win3 outcome and its benefits to the government,
taxpayer, and contractor.]
False
True
3) Which of the following is the Least Relevant factor that a prospective offeror would
consider in assessing the risk versus potential profit of a potential contract? [Identify what
motivates contractors and government to conduct business with each other.] [Remediation
Accessed :Y]
There is less competition
The hurdle rate on the offeror’s investment
, The amount of stockholder’s equity in the offeror’s company
The offeror’s return on sales
4) Which of the following is NOT an example of a competing factor that commonly
influences how you shape your smart business arrangement? [Identify competing factors
that influence acquisition goals and objectives]
Favoritism and personal gain
Marketplace and Politics
Cultural and financial environment
Socio-economic program and economics
5) Risk is defined as the probability that something could go wrong and the consequence
such an event would have if it happened. [Identify business strategies and conditions to
manage risk.]
False
True
6) Which of the following did NOT precipitate the need for the Defense Acquisition
Workforce Improvement Act (DAWIA)? [Identify DAWIA certification and continuous
learning requirements available to the acquisition, technology, and logistics workforce]
Budget delays
Cost overruns
Schedule delays
Spare parts scandals
7) Which of the following is a professional competency identified for the contracting
workforce series? [Identify the professional and technical competencies required for the
contracting workforce series.]
Problem solving
Here is your test result.The dots represent the choices you have made.
The highlighted questions are the questions you have missed.
Remediation Accessed shows whether you accessed those links.'N' represents links not
visited and 'Y' represents visited links.
Back to Status page
contains 19 Questions
1) How does the government make itself a more attractive buyer and benefit from smart
business practices in regards to commercial items? [Recognize the benefits and
challenges of procuring commercial items, modified commercial items, non-
developmental items and government unique items.]
Enhancing commercial distribution systems
Buying in smaller quantities
Establishing stringent business practices
Maximizing unique requirements
2) The contractor, the government and the taxpayer are the three parties that all benefit
from a successful, smartly shaped business relationship in what is called a Win-Win-Win
(Win3) outcome. [Identify the Win3 outcome and its benefits to the government,
taxpayer, and contractor.]
False
True
3) Which of the following is the Least Relevant factor that a prospective offeror would
consider in assessing the risk versus potential profit of a potential contract? [Identify what
motivates contractors and government to conduct business with each other.] [Remediation
Accessed :Y]
There is less competition
The hurdle rate on the offeror’s investment
, The amount of stockholder’s equity in the offeror’s company
The offeror’s return on sales
4) Which of the following is NOT an example of a competing factor that commonly
influences how you shape your smart business arrangement? [Identify competing factors
that influence acquisition goals and objectives]
Favoritism and personal gain
Marketplace and Politics
Cultural and financial environment
Socio-economic program and economics
5) Risk is defined as the probability that something could go wrong and the consequence
such an event would have if it happened. [Identify business strategies and conditions to
manage risk.]
False
True
6) Which of the following did NOT precipitate the need for the Defense Acquisition
Workforce Improvement Act (DAWIA)? [Identify DAWIA certification and continuous
learning requirements available to the acquisition, technology, and logistics workforce]
Budget delays
Cost overruns
Schedule delays
Spare parts scandals
7) Which of the following is a professional competency identified for the contracting
workforce series? [Identify the professional and technical competencies required for the
contracting workforce series.]
Problem solving
