CON 3900 Week 2: Questions & Answers : Updated A+ Guide Score Solution

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It is the Government's policy that before executing a contract, the contracting officer must: (Ans- Obtain written assurance from the responsible fiscal authority that adequate funds are available. ... What would be the preferred way to acquire an item in Government contracting? (Ans- Purchase the requirement as a commercial item. Acquisition planning should begin: (Ans- As soon as the agency need is identified Which of the following is an exception to obtaining certified cost or pricing data? (Ans- Adequate price competition The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? (Ans- Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement. Government contract types are grouped into two broad categories: fixed-price contracts and: (Ans- Cost-reimbursement contracts Incentive contracts are designed to obtain specific acquisition objectives by: (Ans- Motivating contracto [Show More]

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