Con 121 Test

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Words: 590

Pages: 3

Category: Business and Industry

Date Submitted: 09/26/2016 01:37 PM

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The “X” are the questions with incorrect answers, the “*” are correct answers.

1) What is a core principle that serves as the foundation to good decision making?

Power

X Flexibility

Strategy

Teamwork

2) Which of the following identifies the correct structure of the FAR?

* Part, subpart, section, subsection

Section, subsection, part, subpart

Part, section, subpart, subsection

Section, part, subsection, subpart

3) Which of the following numbers would you add before the FAR cite or clause to indicate DFARS?

* 2

1

3

4

4) Which phase of market research is more focused and detailed?

* Tactical

Operational

Functional

Strategic

5) What is a benefit of effective market research?

To determine if a commercial item is available.

To establish the technical requirements of the customer.

X To assist the source selection authority in establishing the competitive range.

To prevent the use of non-developmental items.

6) What is the first source for required supplies?

* On-hand stock

Commercial sources

Federal Prison Industries

Wholesale supply sources

7) When are qualified bidders lists, qualified manufacturers lists, and qualified products lists used?

* In unique circumstances

For purchases over $100

For all commercial item purchases

In all circumstances

8) Which one of the following can provide information regarding the amount of buyers and sellers in the market?

* Suppliers

Trade shows

Professional organization

Industry buyers

9) What does the acronym SWOT stand for?

* Strengths, Weaknesses, Opportunities, and Threats

Strategies, Weaknesses, Opportunities, Teamwork

Strengths, Weaknesses, Opportunities, Teamwork

Strategies, Weaknesses, Opportunities, Threats

10) Which characteristic is customer-oriented and will help your organization provide a quality customer relationship?

* Use early interventions to anticipate and meet customers’ needs.

Provide...