Knowledge Check 1

.pdf

School

Warner Pacific College *

*We aren’t endorsed by this school

Course

MISC

Subject

Business

Date

Jan 9, 2024

Type

pdf

Pages

10

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11/1/23, 12:46 PM Review Test Submission: Day 2 Knowledge Checks FCR 201... FCR 201 022 FY24 (10/31/23 - 11/9/23) Course Assignments Review Test Submission: Day 2 Knowledge Checks Review Test Submission: Day 2 Knowledge Checks User meredith valentine Course FCR 201 022 FY24 (10/31/23 - 11/9/23) Test Day 2 Knowledge Checks Started 11/1/23 3:17 PM Submitted 11/1/23 3:45 PM Status Completed Attempt Score 68.75 out of 100 points Time Elapsed 27 minutes Instructions Click the begin button to begin the knowledge check activity answering the 16 questions. Results All Answers, Submitted Answers, Correct Answers, Feedback, Incorrectly Answered Displayed Questions Question 1 6.25 out of 6.25 points When the desired outcome of an acquisition in needed or known, which type of _a contract or acquisition structure is the best choice? Selected Answer: @ b. Performance Based Acquisition (PBA) Answers: a. Indefinite Delivery/Indefinite Quantity (IDIQ) @ b. Performance Based Acquisition (PBA) c. Firm-Fixed Price (FFP) d. Time & Materials (T&M) Response The correct answer is b - Performance Based Acquisition (PBA). Feedback: ‘According to 2006 Presidential memorandum, performance-based acquisition should be used “to the maximum extent practicable”. PBAs are appropriate for any service acquisition where the desired outcome is known and can be described head of time. Course training reference: Mod 1 - Planning slide 61 FAR reference: subpart 37.6 https://vaaa.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_702449 1&course_id=_4349 1&content_id=_222601_1&return_c... 1/10
11/1/23, 12:46 PM Review Test Submission: Day 2 Knowledge Checks FCR 201... Question 2 0 out of 6.25 points Market Research is conducted throughout the development of the solicitation. The more market research you can do, the better the solution with the collection and analysis of information within the market. This is done and important to satisfy agency needs. Market Research is used to determine? (Select all that apply) Selected Answers: @ b. Terms and conditions @ c Requirement'’s data or need to modify requirements @ d. Existence of competent sources &f Availability of commercial services and products Answers: a. Finalized contract types @ b. Terms and conditions @ c Requirement's data or need to modify requirements @ d. Existence of competent sources e Business risk &f Availability of commercial services and products Response The correct answers are b, c, d, e, and f. Market Research is the Feedback: collection and analysis of information within the market to satisfy agency needs and used to determine: Existence of competent sources Availability of commercial services Current market price Terms and conditions Industry standards Need to modify requirements Potential business risks Market research uses current marketplace trends and standards can be used to formulate the Planning artifacts and is important in keeping abreast of industry trends by following trade publications Course training reference: Mod 1 - Planning - Slide 71 FAR reference: 2.101 Question 3 6.25 out of 6.25 points When market research is complete for the publishing of the solicitation, the COR recommends the contract type and financing terms. Who is the overall approving official that selects the final contract type and sets all the financing terms and conditions? Selected Answer: @ c. CO Answers: a. PM https://vaaa.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_702449 1&course_id=_4349 1&content_id=_222601_1&return_c... 2/10
11/1/23, 12:46 PM Review Test Submission: Day 2 Knowledge Checks FCR 201... b. COR's Supervisor o C. CcO d. Both a&c Response The correct answer is c. The CO is overall approving official that Feedback: selects the financial terms, conditions, aand the contract type for the solicitation/acquisition plan. The PM and COR should know and understand all aspects of contract types, financial terms, and conditions for all parts of the acquisition plan. The COR should also document everything in supporting the CO's choice of the contract type and selections. Course training reference: Mod 1 - Planning - Slide 79 FAR reference: 16.1 -Contract Types and 32- Financing Question 4 6.25 out of 6.25 points The distinguishing difference between a SOW and a PWS is that the PWS does not tell the contractor how to do the work, but rather describes the work in terms of outcomes or results. As an example, let's use mowing a lawn. A SOW would define how and when to mow the lawn (the contractor shall mow the grass once a week using a gasoline-powered lawn mower set at a two-inch height), whereas a PWS would define the required outcome (the contractor shall mow the grass so that it is maintained at a level that is two to four inches at all times). The SOW requirement does not consider seasonal variations, such as weeks when it rains continuously and weeks when it does not rain at all and the grass does not grow. The PWS attains the same objective--maintaining the grass at a certain height--but without dictating how often it must be done. Selected Answer: &, True Answers: & True False Response The correct answer is true. The PWS is a statement of the technical, Feedback: functional, and performance characteristics of the work to be performed. It describes the desired results in clear, specific, and objective terms with measurable outcomes. The PWS outlines high-level performance and technical requirements. Course training reference: Mod 1 - Planning - Slide 91 and 92 FAR reference: 37.602 Question 5 6.25 out of 6.25 points The SOW must vaguely describe the process and does not define the work to be _a performed by a contractor. https://vaaa.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_702449 1&course_id=_4349 1&content_id=_222601_1&return_c... 3/10
11/1/23, 12:46 PM Review Test Submission: Day 2 Knowledge Checks FCR 201... Selected Answer: &, False Answers: True ¢, False Response The correct answer is false. The SOW must clearly define the work to Feedback: D€ performed, since the language detailing the contractor's effort may be pertinent to legal questions concerning the scope of work. It must be communicated with clear requirements to gain better results for the government. It defines the process in detail and is well structured. Course training reference: Mod 1 - Planning - Slide 91 and 93 FAR reference: 8 Question 6 0 out of 6.25 points The PWS focuses on the end result and the risk falls on the contractor, not the _m government? Selected Answer: €3 False Answers: & True False Response The correct answer is true. The PWS does focus on the performance Feedback: (outcomes) and the end results. The “Performance Work Statement (PWS)” means a statement of work for performance-based acquisitions that describes the required results in clear, specific, and objective terms with measurable outcomes as defined in the FAR. The risk to this fall not on the government, but the contractor. Course training reference: Mod 1 - Planning - Slide 92 FAR reference: 2, 11, and 37 Question 7 0 out of 6.25 points The government takes all the risk for the PWS while the contractor has no risk at all. Selected Answer: €3 True Answers: True ¢, False Response The correct answer is false. The Performance Work Statement (PWS) Feedback: for Performance-Based Acquisitions clearly describes the performance objectives and standards that are expected of the contractor. When a contract is awarded, the PWS is legally binding upon the contractor and the U.S. Government and the contractor understands and should accept all risk for this contract type. https://vaaa.blackboard.com/webapps/assessment/review/review.jsp?attempt_id=_702449 1&course_id=_4349 1&content_id=_222601_1&return_c... 4/10
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