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CON 2370 Simplified Acquisition Actual Exam Questions with 100% Correct Answers | 2023 Version | Professor Verified | Graded A+ 1. You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts were developed using Government funds and are not offered to the general public. The estimated dollar value of the acquisition is $275,000. Which one of the following statements is true? -----Right Answer-----The use of simplified acquisition procedures is prohibited. 2. You are the contracting officer for a firm-fixed-price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? -----Right Answer-----The contract is considered closed once you receive evidence of receipt of property and final payment. 3. You are the contracting officer for a noncommercial supply contract valued at $155,600. Which one of the following actions would be executed using a bilateral modification? (There is another question almost Identical to this one) -----Right Answer-----Making a negotiated equitable adjustment 4. You have a requirement for a new contract for janitorial services at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations. Consistent with the order of precedence for requirements documents, which one of the following documents would be included in the new contract? -----Right Answer-----A Performance Work Statement (PWS) 5. Which one of the following mandatory Government sources is the first priority for satisfying a requirement for supplies? -----Right Answer-----Inventories of the requiring agency 6. You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following is correct regarding the policies for describing your agency's needs? -----Right Answer----- The basis for not providing for maximum competition must be documented in the contract file 7. Which one of the following would result in the establishment of a contract? ----- Right Answer-----Supplier furnishes the ordered supplies 8. You just made a purchase for services in the amount of $20,700. You used a written solicitation to solicit quotations from three local sources. Which one of the following statements is correct regarding providing notice to the unsuccessful vendors? -----Right Answer-----Notice to the unsuccessful vendors will only be given if requested