Far Parts 1 - 5 | Attempts: 959 - Quiz, Trivia & Questions

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| By Ahunter400

Ahunter400

Community Contributor

Quizzes Created: 3 | Total Attempts: 1,558

Questions: 5 | Attempts: 959 | Updated: Mar 21, 2023

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The questions in this quiz cover FAR Parts 1 - 5 and follow the material presented in the NCMA CFCM Study Guide.

Questions and Answers

1.

Revisions to the FAR will be prepared and issued through the coordinated action of
- A.
  
  The General Services Administration and FAR Secretariat
- B.
  
  The Defense Acquisition Regulations Council and the Civilian Acquisition Council
- C.
  
  The Defense Logistics Agency and the General Services Administration
- D.
  
  The FAR Revisions Board and FAR Secretariat
Correct Answer
B. The Defense Acquisition Regulations Council and the Civilian Acquisition Council

Explanation
[source FAR 1.201-1(a)]

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2.

___________ means that the costs in an offeror's proposal - (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the offeror’s technical proposal.
- A.
  
  Cost reasonableness
- B.
  
  Cost adequacy
- C.
  
  Cost consistency
- D.
  
  Cost realism
Correct Answer
D. Cost realism

Explanation
[source FAR 2.101]

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3.

"Source Selection Information" is information which is determined by the head of the agency or contracting officer
- A.
  
  As necessary information to be included in a Solicitation in order for Offerors to to prepare responsive offers or quotations
- B.
  
  To be publicly available background information on all Offerors which should be taken into consideration by the Source Selection Evaluation Board
- C.
  
  That its disclosure would jeopardize the integrity or successful completion of the Federal agency procurement to which the information relates
- D.
  
  be information the Source Selection Evaluation Board identified as critical deficiencies during the evaluation of unsuccessful Offerors solicitation responses
Correct Answer
C. That its disclosure would jeopardize the integrity or successful completion of the Federal agency procurement to which the information relates

Explanation
[source FAR 2.101]

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4.

The antitrust laws are intended to
- A.
  
  Ensure that markets operate competitively
- B.
  
  Prevent members of the Acquisition Team from violating each others trust
- C.
  
  Prevent contractors from establishing trusts as part of Executive Compensation
- D.
  
  Deter subcontractors from making payments for the purpose of improperly rewarding favorable treatment
Correct Answer
A. Ensure that markets operate competitively

Explanation
[source FAR 3.303(b)]

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5.

Contracting officers shall distribute copies of contracts or modifications within ________ days after execution by all parties
- A.
  
  5 calendar days
- B.
  
  10 calendar days
- C.
  
  10 working days
- D.
  
  15 working days
Correct Answer
C. 10 working days

Explanation
[source FAR 4.201]

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Current Version
Mar 21, 2023

Quiz Edited by
ProProfs Editorial Team
Jun 01, 2011

Quiz Created by
Ahunter400

Far Parts 1 - 5

Revisions to the FAR will be prepared and issued through the coordinated action of

___________ means that the costs in an offeror's proposal - (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the offeror’s technical proposal.

"Source Selection Information" is information which is determined by the head of the agency or contracting officer

The antitrust laws are intended to

Contracting officers shall distribute copies of contracts or modifications within ________ days after execution by all parties