Villanova University - Federal Contract Management Certification Program

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Business Finance

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1. Question:Performance measurement of systems being acquired

A

Is the only allowable source of information that can be used

B

Provides detailed technical performance measurement

C

Is used to analyze results

D

Is used to analyze on-going status

2. Question:Major system procurements by the government span many years. Acquisition planning should begin

A

When a purchase request is first entered into an agency system so that appropriations debates can ensue

B

When the requiring entity or end user develops an acceptable, specific Statement of Work

C

When the agency first identifies a real or potential need for supplies or services

D

When the annual appropriations are established for the year preceding the current need

3. Question:What is a consequence of duplicate requirements in a performance-based statement of work?

A

Duplicate effort may be performed

B

Change management will be more difficult

C

Importance of requirement is weakened

D

Importance of requirement is optimized

4. Question:What is the fundamental decision that an agency must make in operational decisions?

A

What should the budget request be?

B

Make or Buy?

C

What is the agency mission?

D

Compliance with regulations

5. Question:The Davis Bacon Act, the Walsh-Healy Act, and the Service Contract Act are all:

A

Acts outlining documentation

B

Wage and hour laws

C

Safety in the workplace laws

D

Drug-free workplace laws

 

6. Question:Requirements and mission for an agency can be added

A

At levels above the agency

B

In Congressional committees

C

Both A and B

D

Neither A nor B

7. Question:The fiscal goal of an agency is to

A

Return excess and unobligated funds to the U. S. Treasury

B

Apply excess and unobligated funds to following years requirements

C

Over-expend funds

D

Expend all of the funds budgeted

8. Question:The Defense Contract Management Agency (DCMA) formally Defense Contract Management Command (DCMC) is responsible for performing contract administration services related to: (Select all that apply)

A

Quality

B

Timeliness

C

Procurement systems

D

Acceptability

E

Shipping and receiving

F

Financial management

9. Question:The Joint Conference for Appropriations

A

Can raise the amount appropriated above either house's bill

B

Can lower the amount appropriated below either house's bill

C

Can settle on an appropriation amount between the two house's upper and lower limits

D

Must take one or the other house positions

10. Question:A "Performance Based Statement of Work" includes a

A

Mission Analysis

B

Quality Plan

C

Requirements Analysis

D

All of the above

11. Question:Federal agencies’ requirements are mostly

A

Technology-based

B

Needs-based

C

Mission-based

D

Budget-driven

12. Question:Which of the following is the government official who heads the U.S. General Accounting Office and who is responsible for overseeing the federal procurement process?

A

Comptroller General of the United States

B

Director of Office of Federal Procurement Policy

C

Chief of Staff

D

Secretary of Defense

13. Question:The key output of the Federal Procurement Data System is:

A

An annual report to Congress

B

A catalog of items that the government should purchase during the next fiscal year

C

A list of specifications that businesses must meet before they are awarded government contracts

D

A prediction of tax revenue available for expenditure

14. Question:Which of the following is the basic set of regulations governing federal procurement establishing

  uniform policies and procedures to be used by federal executive agencies when making acquisitions?

A

Federal Acquisition Circulars

B

Federal Procurement Regulations

C

Defense and Civilian Agency Acquisition Councils

D

Federal Acquisition Regulation

15. Question:In requirements statements, the use of adjectives to describe performance requirements is

A

Creating vague requirements

B

Providing additional guidance

C

Clarifying inspectors role

D

Providing an audit trail

16. Question:A performance-based statement of work should trace back to the agency mission.

A

True

B

False

17. Question:In a quality assurance plan, it is permissible to

A

Allow contractor self-certification

B

Develop new test standards

C

Test to higher standards

D

Direct changes based on test results

18. Question:The Small Business Administration was created to:

A

Encourage large prime contractors to subcontract with smaller businesses

B

Prevent small businesses from competing for government contracts they could not fulfill

C

Combat corrupt government dealings with small businesses

D

Reduce bureaucracy related to government contracting

19. Question:The key government employee having the authority to enter into, administer, and terminate

  contracts and to make related determinations and findings on behalf of the government is the:

A

Director of Contract Appeals

B

Contracting Officer's Representative

C

Contracting Officer

D

Executive Department General Accountant

20. Question:The 8(a) program benefits small businesses by:

A

Providing them with technical assistance

B

Having the government contract as their prime

C

Providing them with equipment

D

All of the above


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Anonymous
Very useful material for studying!

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