Question 1

Contracting activities shall employ simplified acquisition procedures to the maximum extent practicable for acquisitions of commercial items not exceeding:

Options :

A : $1,000,000

B : $100,000

C : $5,000,000

D : $3,000,000

Answer: C

Question 2

Performance and payment bonds are required or may be required for:

Options :

A : Construction contracts exceeding $2,000

B : Construction contracts exceeding $100,000

C : Services and supply contracts exceeding the simplified acquistion threshold when necessary to protect the Government-s intrest

D : Both b and c

Answer: D

Question 3

The contracting officer's certification can serve as approval of the justification for other than full and open competition for a proposed contract NOT exceeding

Options :

A : $25,000

B : $550,000

C : 1,500,000

D : $5,000

Answer: B

Question 4

There are two value engineering approaches, the:

Options :

A : Contractor approach and the Government program

B : Government approach and the contractor program

C : Incentive approach and the mandatory program

D : Mandatory approach and the incentive program

Answer: C

Question 5

Which of the following is the name of GSA's electronic system which allows ordering activities to post requirements, obtain quotes, and issue orders electronically:

Options :

A : GSA Advantage!

B : GSA Stock

C : E-Buy

D : Customer Supply Center

Answer: C

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