The basic contracting rules for all Federal Government agencies are set forth in:

	A)	Defense Acquisition Regulation
	B)	Federal Acquisition Regulation
	C)	Armed Services Procurement Regulation
	D)	General Services Administration Procurement Regulation
2.

Which of the following is true about doing business with the Government?

	A)	The Government has an absolute right to terminate all or any part of your contract at any time either for convenience or default
	B)	The Government has the unilateral right to revise its contracts
	C)	The Government is given extensive audit and work surveillance rights under its contracts
	D)	All of the above
	E)	None of the above
3.

In most instances, full and open competition for Government procurements is best accomplished by using:

	A)	Sealed bid method
	B)	Competitive proposals
	C)	Single source contracts
4.

The Defense Department's ongoing acquisition reform effort included the movement away from:

	A)	Military specifications and standards
	B)	Performance specifications
	C)	Purchase descriptions
	D)	Unsolicited proposals
5.

The government alerts prospective contractors to its requirements by:

	A)	Notices at FedBizOpps
	B)	Posting in a public place
	C)	Electronic publication of procurements
	D)	All of the above

Answer rating: 100% (QA)

1 B Federal Acquisition Regulation Federal Acquisition Regulation controls the procurement process o... View the full answer