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CON 2370 Simplified Acquisition Procedures exam 2024 with compete solutions, Exams of Business Accounting

Minneapolis Business CollegeBusiness Accounting

CON 2370 Simplified Acquisition Procedures exam 2024 with compete solutions

Typology: Exams

2023/2024

Available from 03/17/2024

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CON 2370 Simplified Acquisition
Procedures
You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of
the following statements about contract closeout is correct? - correct answerThe contract is considered
closed once you receive evidence of receipt of property and final payment.
Which of the following statements is true regarding the policies for the use of simplified acquisition
procedures (SAP)? - correct answerPurchases shall be made in the simplified manner that is most
suitable to the circumstances of the acquisition.
You have just been informed that a purchase order you recently awarded for commercial supplies is no
longer needed and must be cancelled. The order was not accepted in writing by the contractor. Which
one of the following statements is true? - correct answerThe purchase order is considered cancelled if
the contractor accepts the Government's written cancellation and does not claim costs were incurred.
Which one of the following statements about the evaluation of quotations or offers using SAP is true? -
correct answerQuotations or offers must be evaluated using the basis stated in the solicitation.
You just made an award for services in the amount of $235,200 based on price and past performance.
One of the unsuccessful vendors has requested information on the award decision. Which one of the
following describes the action you must take? - correct answerYou must provide a brief explanation of
the basis for the award decision.
You have a one-time requirement for a purchase of noncommercial supplies with an estimated value of
$235,000. The supplies are not immediately. Which one of the following simplified acquisition methods
would be the most appropriate to use? - correct answerPurchase Order
You have a requirement for a new contract for grounds maintenance at your military installation. The
Base Commander has expressed the need for clearly stated performance objectives, as the current
contractor performaing the services is not meeting the Commander's expectations. Consistent with
order of precedence for requirements documents, which one of the following documents would be
included in the new contract? - correct answerA Performance Work Statement (PWS)
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CON 2370 Simplified Acquisition

Procedures

You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - correct answerThe contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - correct answerPurchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. You have just been informed that a purchase order you recently awarded for commercial supplies is no longer needed and must be cancelled. The order was not accepted in writing by the contractor. Which one of the following statements is true? - correct answerThe purchase order is considered cancelled if the contractor accepts the Government's written cancellation and does not claim costs were incurred. Which one of the following statements about the evaluation of quotations or offers using SAP is true? - correct answerQuotations or offers must be evaluated using the basis stated in the solicitation. You just made an award for services in the amount of $235,200 based on price and past performance. One of the unsuccessful vendors has requested information on the award decision. Which one of the following describes the action you must take? - correct answerYou must provide a brief explanation of the basis for the award decision. You have a one-time requirement for a purchase of noncommercial supplies with an estimated value of $235,000. The supplies are not immediately. Which one of the following simplified acquisition methods would be the most appropriate to use? - correct answerPurchase Order You have a requirement for a new contract for grounds maintenance at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performaing the services is not meeting the Commander's expectations. Consistent with order of precedence for requirements documents, which one of the following documents would be included in the new contract? - correct answerA Performance Work Statement (PWS)

Which one of the following is NOT a mandatory Government source for satisfying a supply requirement?

  • correct answerCommercial sources You have a requirement for a purchase with an estimated value of $8,700. Which one of the following describes the competition requirement for this acquisition? - correct answerThere is no requirement for competition if the price is considered reasonable. Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - correct answerRanking the quotations by technical acceptability You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts were developed using Government funds are not offered to the general public. The estimated dollar value of the acquisition is $275,000. Which one of the following statements is true? - correct answerThe use of simplified acquisition procedures is prohibited. You are the contracting officer for a firm-fixed-price purchase order for commercial supplies with a value of $565,500. Two weeks after delivery and acceptance of the items, the end-user complains that the goods are not functioning as expected. You investigate and determine that the items are not fully complaint with the specification in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the Government? - correct answerThe Contractor Which one of the following statements about solicitations using SAP is correct? - correct answerStating the relative importance assigned to each evaluation factor is not required. You are reviewing the requirements package for the purchase of videoconferencing equipment. Market research results identified multiple sources for this equipment in the commercial marketplace. The purchase description requires a particular brand name because the users are familiar with this brand of equipment and would prefer to not have to learn how to use a different brand. - correct answerThe brand name purchase description is not justified and must be revised to allow companies with similar products to complete. Three quotes were received in response to your solicitation for training services. Evaluation was based on a tradeoff between price and past performance. The assigned past performance ratings and quoted prices were as follows: Vendor A - Unacceptable, $216,150; Vendor B - Acceptable, $248,500; and

Which one of the following statements is correct regarding providing notice to the unsuccessful vendors?

  • correct answerNotice to the unsuccessful vendors will only be given if requested. Which one of the following market research results would NOT support a commerciality determination?
  • correct answerThe part was developed using Government funding and is only sold to DoD agencies. You are the contracting officer for a firm-fixed price commercial services contract that was partially terminated for convenience. You are in the process of negotiating the termination settlement. All services that were not terminated were successfully performed. Which one of the following statements about contract closeout is correct? - correct answerThe contract file cannot be closed at this time. Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - correct answerAgencies cannot separate requirements into smaller purchases that do not exceed the SAT merely to permit the use of SAP. You are the contracting officer for a requirement for commercial services with an estimated value of $780,000. Four quotations were received in response to the solicitation and market pricing is available. Which one of the following statements about the price reasonableness determination is most appropriate. - correct answerMarket research must be conducted or obtained to support the fair and reasonable determination. Which one of the following mandatory Government sources is the first priority for satisfying a requirement for services? - correct answerServices on the Procurement List maintained by the Committee for Purchase From People Who Are Blind or Severely Disabled Which one of the following market research results would NOT support a commerciality determination?
  • correct answerThe part sold to the general public needs extensive modifications not customarily available in the commercial marketplace. You have a requirement for a noncommercial purchase with an estimated value of $250,000. Notice of the proposed contract action is required, and no exceptions apply. Which one of the following solicitation methods would be most appropriate? - correct answerElectronic Commerce

Which one of the following is correct regarding documenting the award of a buy using SAP? - correct answerRecords of oral price quotations must be established to clearly reflect the appropriateness of the award decision. Which one of the following would NOT result in the establishment of a contract? - correct answerGovernment issuance of an order in response to a quotation You have a requirement for water restoration services at your base in Louisiana. These services are of a type sold completely in substantial quantities in the commercial marketplace base on market prices. The estimated dollar value of acquisition is $1,250,000. Which one of the following statements is true? - correct answerThe use of simplified acquisition procedures is authorized. Which one of the following statements it true regarding the policies for the use of simplified acquisition procedures (SAP)? - correct answerThe purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts. You are the contracting officer for a commercial product requirement with an estimated value of $415,000. Six quotations that meet the Government's requirement were received in response to the solicitation and there is no reason to believe the proposed prices are unreasonable. Which one of the following statements about the prices reasonableness determination is most appropriate? - correct answerComparison of the quotations will likely meet the requirements to obtain market research in support of the fair and reasonable determination. Which one of the following market research results would support a commerciality determination? - correct answerThe services are offfered and sold competitively in substantial quantities in the commercial marketplace based on market prices. Which one of the following statements about solicitations using SAP is correct? - correct answerBuyers are encouraged to use best value. Which one of the following would result in the establishment of a contract? - correct answerSupplier furnishes the ordered supplies