1 _____ is based on information gathered and analyzed about demand and supply. This forecast provides a prediction of short and long term prices and the underlying reasons for those trends.
A Demand forecast
B Price forecast
C Supply forecast
D Production forecast
E None of the above.
ans:B
2 Fixed-price and incentive-type contracts place responsibility for performance and financial risks associated with delay or non-performance on the:
A Buyer
B Third party
C Contractor
D All of the above
E None of the above
ans:C
3 The _____ specification delineates specific measurable capabilities or parameters for which a product can be tested as part of the acceptance procedure.
A Performance
B Functional
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D Base Line
E None of the above.
ans:A
4 There are four methods of government procurement. Which is not one of these methods?
A Assistance
B Sealed bidding
C Competitive proposals
D Acquisition
E Small purchases
ans:D
5 Which is not a consideration in a make or buy decision?
A Cost factors (least cost alternatives)
B Competitors' method of sourcing
C Existence of sufficient administration/technical personnel
D Political and social factors
E None of the above.
ans:B
6 By which means is a contractor able to control cost overruns due to changing requirements?
A Project data review
B Change order
C Purchase order amendment
D Change control
E None of the above.
ans:D
7 _____ is a formal invitation containing a scope of work which seeks a formal response (proposal) describing both methodology and compensation to form the basis of a contract.
A Request for proposal
B Invitation to bid
C Request for quotation
D Intention for bid
E None of the above.
ans:A
8 _____ is a method of procurement where a contract results from a bid which may be changed through bargaining.
A Acquisition
B Contract negotiation
C Procurement
D Purchase negotiation
E None of the above.
ans:B
9 _____ is a narrative description of the work to be accomplished or resource to be supplied.
A Purchase order
B Level of effort work
C Scope of work
D Contract stipulation ÎÒ¿¼Íø£­È«¹ú×î´ó½ÌÓýÀàÍøÕ¾(www£®Examda¡£com)
E None of the above.
ans:C
10 The cost of corrective action taken by the purchaser and chargeable to the supplier under the terms of the contract is:
A Payment authorization
B Bid cost considerations
C Release payment
D Back charge
E None of the above.
ans:D
11 Cost Reimbursable contracts are equivalent to:
A Cost plus contracts
B Fixed plus contracts
C Progress payment contracts
D Back charge contracts
E None of the above.
ans:A
12 Which is not part of the purchasing cycle?
A Defined need
B Transmit need
C Inspection
D Prepare and issue purchase order
E A and D
ans:C

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