Government Contracting Tips: Federal Certificate ProgramDo you have what it takes to become a certified contracting professional? Pass the test below and earn your federal certificate! Step 1 of 7 14% Your Name* Enter First and Last NameYour Email* Lesson 1: Market ResearchAll of the following answers can be researched at the following link here.1. FedBizOpps or better known as FBO is the single government point-of-entry for federal government procurement opportunities over __________.*$150,000$25,000$75,000$125,0002. The amount of active federal opportunities in FBO are constantly changing.*TrueFalse3. On FBO, which of the following is not on the Set-Aside Code List?*Competitive 8aIndustry VeteranHUBZoneTotal Small Business4. Vendors are able to add themselves to the __________ on FBO to notify the Procurement Officer they would like to be contacted to learn more about the available contract.*GSA AdvantageDynamic Small Business SearchInterested Vendors ListFederal Procurement Data System5. Which of the following is not a type of active federal opportunity on FBO?*Modification/Amendment/CancelSources SoughtPresolicitationSpecial Approval6. FedBizOpps (FBO) gives you the ability to search for available solicitations released by government agencies.*TrueFalse7. The Federal Procurement Data System collects what information?*Statements of WorkSubcontractsAwarded Government ContractsContract accounting data8. What information can you find in USASpending.gov?*Information on how the government spends tax revenueAll of the aboveFederal contracts valued at more than $3,000None of the aboveNames of businesses that win contracts, and also where the business is located9. Grants and cooperative agreements are reported in the FPDS.*FalseTrue10. An IFB stands for what?*Initial for BiddingIndication for BeginningIdentify for BiddingInvitation for Bid11. The FPDS can be used to scope out your competition and stay on top of market trends in the federal marketplace.*FalseTrue12. Which of the following is not a purpose of a Request for Proposal (RFP)?*Used to inform suppliers that an organization is looking to procure and encourages them to make their best effort.Ensures that suppliers respond factually to the identified requirements.Pitches a contract concept to a procurement officer.Alerts suppliers that the selection process is competitive.13. A Request for Quotation (RFQ) is a standard business process whose purpose is to invite suppliers into a bidding process to bid on specific products or services.*TrueFalse14. The GSA Schedule is also known as what?*Federal Supply ScheduleAcquisition Opportunities ScheduleProducts & Services ScheduleGeneral Select Acquisitions Schedule15. A GSA Schedule contract is the most widely used government contract vehicle.*FalseTrue16. Every business looking to get on a GSA Schedule must meet the following qualifications:*A. Be Financial StableB. Been in Business at least two yearsC. Have Past PerformanceD. Have Products Commercially AvailableE. Products Compliant with the Trade Agreements Act. End product must be manufactured or substantially altered within the U.S. or a ‘designated country’ as defined by the Trade Agreements Act.F. A, C, & EG. All of the AboveH. None of the Above17. GSAAdvantage! is the online shopping and ordering system that provides access to thousands of contractors and millions of supplies (products) and services.*TrueFalse18. What percentage of GSA Vendors are small businesses?*40%80%50%70%19. More than $40 billion is spent through the GSA MAS (Multiple Award Schedules) each year.*TrueFalse20. Which method(s) can a government Procurement Officer use to make purchases on GSA Advantage!.*A governmentwide commercial purchase card (GSA SmartPay)A GSA Activity Address Code (AAC)A Department of Defense Activity Address Code (DoDAAC)All of the Above21. GSA Schedules provide for an unlimited quantity of supplies and services during a fixed period of time, and also help streamline the contract process.*TrueFalse22. What is the categorization method that groups similar products, services, and solutions together to aid in the acquisition process for GSA Schedules?*ISBNCommercial And Government Entity (CAGE) CodeProduct Service Code (PSC)North American Industry Classification System (NAICS) codes23. The name of the Defense Logistics Agency’s web-based application that provides the capability to search for, view, and submit secure quotes on Requests for Quotations is BINCs.*FalseTrue24. PPIRS is a web-enabled, enterprise application that provides timely and pertinent contractor past performance information to the Department of Defense and Federal acquisition community for use in making source selection decisions.*TrueFalse25. Government Wide Acquisition Contracts (GWAC) are Information Technology services that are procured from what agency?*Department of DefenseGeneral Services AdministrationSmall Business AdministrationDefense Logistics Agency26. As of July 2012, every business must be registered in what federal database in order to work for the United States Federal Government?*System for Contractor ManagementSystem for Award ManagementSystem for Awards ManagementCentral Contractor Registration27. CAGE (code) stands for what?*Character Activation Government EntityCodification Activation Government EntityCommercial And Government EntityCommercial Account Government Entity28. Businesses must acquire a DUNS number first, before they can register for government contracts.*FalseTrue29. North American Industry Classification System (NAICS) Codes determine what about a business?*A. Services/ProductsB. Business SizeC. Registration StatusD. Annual RevenueE. Set-Aside Classification Lesson 2 Part 2: Small Business Federal Set-AsidesAll of the following answers can be researched at the following link here.30. What overall percent of prime contracts are devoted to small business federal set-asides every year?*23%15%32%10%31. Woman Owned businesses have 5% of all small business government contracting dollars devoted to their set-aside.*FalseTrue32. Micro-purchases are government purchases valued at less than $15,000.*TrueFalse33. The Service Disabled Veteran must unconditionally own __________, control and manage daily operations, and hold the highest officer position in their business on order to become approved in the VETBiz Registration.*49%51%1%50%34. HUBZone stands for Historically Underutilized Business Zones.*TrueFalse35. The 8(a) Program is designed to help what type of businesses specifically?*Minority Owned BusinessesWoman Owned BusinessesNone of the AboveSocially and Economically Disadvantaged businesses36. 8(a) Business owners must meet the following qualifications:*A. US CitizensB. Meet SBA Small Business Size StandardsC. Have a DUNS NumberD. Have an EINE. Have Past PerformanceF. Been in business for at least two yearsG. None of the AboveH. All of the AboveI. A, B, C & E37. The 8(a) application is made up of six primary steps which include: Submit Notarized Authorization Form, Complete Required Application Forms, Assemble Supporting Documentation, Submit On-Line Input, Download, Print and Sign Completed Application, Mail Application, Sup-porting Documentation & Checklist to the SBA.*TrueFalse Lesson 2 Part 3: FEMA ContractsAll of the following answers can be researched at the following link here.38. FEMA contractors have a chance to win __________ if properly registered and available to help with relief efforts when a natural disaster occurs.*No Bid ContractsGrantsSMART Pay CardsPrizes39. Contractors interested in working on FEMA contracts must register with FEMA.*TrueFalse Lesson 3: Government MarketingAll of the following answers can be researched at the following link here.40. According to DoD Standards, a good Capability Statement should contain the following information: Your business name, point of contact, and contact information, DUNS number, CAGE code, and GSA contract number (if applicable), your business’s primary goods/services, applicable set-aside eligibility (women owned, HUBZone, 8(a), etc), NAICS and PSC codes and brief description of your qualifications.*TrueFalse41. DSBS stands for what?*None of the AboveDisabled Small Business SearchDisenfranchised Small Business SearchDynamic Small Business Search42. DSBS is designed for procurement officers to track down and locate qualified government contractors that meet federal small business acquisition needs.*TrueFalse43. Simplified Acquisition contracts are contracts that range between __________.*$2,500 and $150,000$50 and $150,000$150,00 and $10 million$3,000 and $200,00044. Government officials use the Federal Procurement Data System (FPDS) to record transactions valued at more than the simplified acquisition threshold.*FalseTrue Lesson 4: SubcontractingAll of the following answers can be researched at the following link here.45. __________ lists subcontracting solicitations and opportunities posted by large prime contractors and non-federal agencies.*Federal Procurement Data SearchSUB-NetThe Federal GovernmentNAICS Codes46. Prime vendors make subcontracting opportunities available.*TrueFalse Lesson 5: Bidding on ContractsAll of the following answers can be researched at the following link here.47. According to the Government Bid Proposal Training video, in the case a contractor does not win the solicitation, what should the business do?*None of the AboveConduct a Contractor DebriefGive up and Quite Contracting ForeverCall the Agency and Dispute the Award Lesson 6: Staying CompliantAll of the following answers can be researched at the following link here.48. Wide Area Workflow (WAWF) is an online application that lets contractors send __________ to government procurement officers.*FlowersChecksInvoicesRequest for Proposals (RFP)49. The United States Federal Government stated that a business must renew their government registration at least every __________.*6 months3 months12 months9 months50. Completing a System for Award Management (SAM) Registration is easy to do, takes very little time, and requires no maintenance.*FalseTrue
