Reference no: EM132249354
The following questions are based on Federal Government Contracting:
1. A rental factor may be applied in evaluations for:
A. Contractor-owned equipment
B. Large business advantage
C. Customer property in contractor possession
D. Off-shore bidders
E. Non-profit organizations
2. Price analysis is not used when:
A. It is a cost type contract
B. The proposed price is below $550,000
C. An award fee arrangement is proposed
D. Cost elements are analyzed
E. None of the above
3. Which of these is not a price analysis technique?
A. Market research
B. Labor rate analysis
C. Cost estimating relationship
D. Independent estimate
E. All of the above
4. The use of comparison of proposed prices, and evaluation of cost estimating relationships is called:
A. Blended analysis
B. Supplemental analysis
C. Comparative analysis
D. Should cost analysis
E. None of the above
5. Which is an indicator of lack of adequate price competition?
A. Two or more sources
B. Sources priced independently
C. An offeror has a determinate advantage
D. Qualified sources could not bid
E. (C) and (D) above
6. Pricing, sales and cost information that may need to be submitted but not certified is called:
A. Cost or pricing data
B. Price comparison data
C. Other than cost or pricing data
D. Cost realism data
E. Supporting data
7. Price analysis does not have to be done on:
A. Contracts under $600,000
B. Micropurchases
C. Simplified acquisition
D. Competitive proposals
E. None of the above
8. Estimating formulas that have both dependent and independent variables are called:
A. Estametric formulas
B. Parametric formulas
C. Price index formulas
D. Price curve formulas
E. None of the above
9. In using independent estimates, which of the following factors may have a significant effect but also be the hardest to determine?
A. Timing of estimate
B. Quantities used for the estimate
C. Estimating optimism
D. Source of the estimate
E. None of the above
10. Price or cost objectives for negotiation should always be selected based:
A. On lack of necessary facilities
B. Solely on lack of relevant performance history
C. On compliance with delivery schedule
D. On financial resources
E. On business ethics
11. Failure to describe adequately _____ in the RFP could result in the submission of proposals that vary in responsiveness from totally unresponsive to the partially responsive.
A. The scope of work to be done
B. The critical evaluation criteria
C. The areas to be heavil weighed
D. All of the above
12. In most cases the _____ is the selection official.
A. Contracting officer
B. Agency head
C. Program manager
D. None of the above
13. Cost or pricing data must be furnished if the price is based on:
A. Adequate price competition
B. Prices set by law
C. An established price of a commercial item
D. None of the above
14. Modified CAS coverage requires:
A. A contractor to comply with Cost Accounting Standards 401, 402, 405 and 406
B. A contractor to comply with Cost Accounting Standards 401 through 408
C. A contractor to comply with Cost Accounting Standards 401 through 412
D. None of the above
15. The _____ rating method is used to indicate the degree to which the offeror’s proposal has met the standard for each factor evaluated.
A. Adjectival
B. Color coding
C. Numerical
D. Narrative
E. All of the above
16. Contractors have _____ to submit comments, rebutting information, or other information for the buying activity’s consideration before the past performance assessments are made final.
A. 10 days
B. 14 days
C. 30 days
D. 60 days