VILLANOVAUNIVERSITY \u2013 ESSENTIALS TO GOVERNMENT CONTRACT MANAGEMENT<\/b><\/b><\/p>\n
WEEK EIGHT(8) \u2013 TEST FOUR (4)<\/b><\/b><\/p>\n
1. Question:<\/b>Contract disputes can mostexpeditiously and inexpensively be settled by quasi-judicial bodies havingadministrative judges who act on behalf of the various governmental agencies.These bodies are called:<\/b><\/p>\n
A<\/b><\/p>\n
U. S. Courts of Federal Claims<\/p>\n
B<\/b><\/p>\n
Armed Services Procurement Boards<\/p>\n
C<\/b><\/p>\n
Agency Boards of Contract Appeals<\/p>\n
D<\/b><\/p>\n
General Accounting Officers<\/p>\n
2. Question:<\/b>The contractor, upon receipt of atermination notice, must:<\/b><\/p>\n
A<\/b><\/p>\n
Stop work on the terminated portion<\/p>\n
B<\/b><\/p>\n
File an appeal<\/p>\n
C<\/b><\/p>\n
Stop work on the entire contract<\/p>\n
D<\/b><\/p>\n
None of the above<\/p>\n
3. Question:<\/b>In exchange for the additional workdirected by the contracting officer pursuant to the Changes clause, thecontractor is entitled to:<\/b><\/p>\n
A<\/b><\/p>\n
An equitable adjustment of the contract price<\/p>\n
B<\/b><\/p>\n
An equitable adjustment of the delivery schedule<\/p>\n
C<\/b><\/p>\n
An equitable adjustment of both the contract price andthe delivery schedule<\/p>\n
D<\/b><\/p>\n
None of the above<\/p>\n
4. Question:<\/b>What may a contract manager overlookwhile focusing on contract compliance issues<\/b><\/p>\n
A<\/b><\/p>\n
Costs<\/p>\n
B<\/b><\/p>\n
Interpretation problems<\/p>\n
C<\/b><\/p>\n
Functional requirements<\/p>\n
D<\/b><\/p>\n
Technical performance requirements<\/p>\n
5. Question:<\/b>Contractors must maintain files afteran audit function for ___ years<\/b><\/p>\n
A<\/b><\/p>\n
1<\/p>\n
B<\/b><\/p>\n
2<\/p>\n
C<\/b><\/p>\n
3<\/p>\n
D<\/b><\/p>\n
4<\/p>\n
6. Question:<\/b>A strike is an excusable delay evenif the contractor caused the strike by not negotiating in good faith.<\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n
7. Question:<\/b>The concept of concurrent savings isparticularly rewarding for the contractor because:<\/b><\/p>\n
A<\/b><\/p>\n
It requires the contractor to make only a nominaladditional investment<\/p>\n
B<\/b><\/p>\n
It allows the contractor to be compensated for itemsincorporating the VECP that are being produced by its competitors<\/p>\n
C<\/b><\/p>\n
It allows the contractor torecover compensation for all items incorporating the VECP forever<\/p>\n
D<\/b><\/p>\n
It qualifies the contractor to receive a bonus award foringenuity<\/p>\n
8. Question:<\/b>Utilizing the Changes clause, thecontracting officer can issue an order changing anything in the contractincluding legal terms and conditions.<\/b><\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n
9. Question:<\/b>A contract by the government must besigned by:<\/b><\/p>\n
A<\/b><\/p>\n
The Contracting Officer’s Representative or ContractingOfficer’s Technical Representative<\/p>\n
B<\/b><\/p>\n
The Comptroller General<\/p>\n
C<\/b><\/p>\n
The Chief of Federal Procurement Policy<\/p>\n
D<\/b><\/p>\n
The Contracting Officer<\/p>\n
10 Question:<\/b>Once the delivery schedule has beenwaived, the government cannot terminate the contractor for failure to deliveruntil a new delivery schedule is established.<\/b><\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n
11 Question:<\/b>Loss of efficiency and delay claimsare never allowed in government contracting<\/b><\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n
12. Question:<\/b>A changed-site condition change issimilar to a defective specification because the government assumes the riskof all unforeseen problems.<\/b><\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n
13. Question:<\/b>Any claim over $100,000 has to becertified as provided for in the Disputes Act in order to be considered bythe contracting officer.<\/b><\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n
14. Question:<\/b>When a contractor is directed by thegovernment to proceed in a manner that is beyond the contract requirements,it should:<\/b><\/p>\n
A<\/b><\/p>\n
Put the government on notice that there is a change<\/p>\n
B<\/b><\/p>\n
Refuse to incorporate the change<\/p>\n
C<\/b><\/p>\n
Appeal the contracting officer’s decision<\/p>\n
D<\/b><\/p>\n
Proceed under the Disputes Clause<\/p>\n
15. Question:<\/b>The right of the contractor to seek aconstructive change is found in the FAR.<\/b><\/p>\n
A<\/b><\/p>\n
True<\/p>\n
B<\/b><\/p>\n
False<\/p>\n","protected":false},"excerpt":{"rendered":"
VILLANOVAUNIVERSITY \u2013 ESSENTIALS TO GOVERNMENT CONTRACT MANAGEMENT WEEK EIGHT(8) \u2013 TEST FOUR (4) 1. Question:Contract disputes can mostexpeditiously and inexpensively be settled by quasi-judicial bodies havingadministrative judges who act on behalf of the various governmental agencies.These bodies Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-120130","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/120130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=120130"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/120130\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=120130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=120130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=120130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}