the private and the public sector want to acquire goods, management homework help

Both the private and the public sector want to acquire goods and services at reasonable prices.

Acquisition, technology, and logistics, also referred to as AT&L, is the community that fulfills agency needs by adjusting to changes in current technology and spending taxpayer dollars wisely in accordance with policy.

Contracting has always been formal, and the relationship between the government and the contractor has always been a formal one.

Historic legislation such as the Securities and Securities Exchange acts (1933 and 1934, respectively) have little to no influence on how the government currently conducts business with the private sector.

Socioeconomic regulations can determine how sources are selected for soliciting, and, as a contracting professional, you may be required to set aside a percentage of contracts for small businesses only.

If you were a contracting officer assigned to a military base, you would not handle contracts for pens, computers, janitorial services, or IT services for the base.

All of the items below represent aspects of the private sector EXCEPT __________.

All of the items below influence the acquisition environment EXCEPT __________.

The primary role of contracting professionals is to purchase __________.

All of the following are Department of Defense (DoD) organizations EXCEPT __________.

All of the following are potential acquisition team members EXCEPT the __________.

Effective team-building requires the following:

The generic decision-making and problem-solving model contains the following steps:

In order to make good business decisions, you must be able to apply different problem-solving techniques, including __________.

__________ are important to the spearheading of change in the contracting workforce.

If you were a contracting officer working for a defense agency, you would have to follow not only the Federal Acquisition Regulation (FAR), but the Defense Federal Acquisition Regulation Supplement (DFARS).

According to FAR 1.102, “Participants in the acquisition process should work together as a team and should be empowered to make decisions within their areas of responsibility.”

Effective communication skills are vital to your success as a team member, and they include facilitation, coaching, and feedback, but not listening.

As you participate in acquisition teams, you will encounter various styles, personalities, and roles; it is important to know yourself in order to be an effective team member.

Decision-making and problem-solving are intertwined and mutually supportive, and you cannot do one without the other.

Two of the 11 principles for good leadership are to know oneself and seek self-improvement, and to be technically proficient.

The Joint Ethics Regulation Ethical Values and Decision-Making Plan concerns itself with how people should behave and sets standards of conduct that rely primarily on __________.

__________ is/are a strong indication of fraud, waste, and abuse.

The preferred approach to meeting the needs of customers includes __________.

Which are key motivations for doing business with the government as a contractor?

Tools used to manage risk include schedule-based incentives, cost-based incentives, supply-chain incentives, and __________.

The Joint Ethics Regulation (JER), which sets executive-branch standards that are objective, reasonable, and enforceable, applies only to military individuals assigned to a defense agency.

The Government Accountability Office (GAO) is the investigative arm of Congress and is often referred to as the “congressional watchdog.”

The DoD inspector general (IG) serves as an independent official in the DoD, but does not fulfill auditing functions.

Commercial off-the-shelf (COTS) items are items that are sold, leased, licensed, or offered for sale in the commercial marketplace, and that are also offered for sale to the government without modification.

Competition in the commercial marketplace provides the government with various sources to consider; as a buyer, you must find the best value, taking into account not just price, but other considerations.

If market research reveals that there are no COTS, modified, or nondevelopmental items, you cannot make the purchase, because you cannot buy government-unique items.

A win-win outcome of a negotiation occurs when the government obtains the best value possible, but the result for the contractor is an unfair price.

The acquisition environment is influenced by such competing factors as the marketplace, the political arena, and the cultural and financial environment.

Sources of federal procurement law include __________.

All of the following are contract law issues that can arise during contract performance EXCEPT __________.

A contracting officer (CO) with actual authority can legally bind the government, and is tasked with ensuring that all necessary elements are included in the contract, including mutual assent, consideration, competency, lawful purpose, and certainty of terms, and in a form permitted by law.

Common law, sovereign immunity, and civil versus criminal acts are the fundamental components of the legal process, and the Constitution is the foundation that defines the legal relationship of the federal government to state governments and individual citizens.

FAR 33 defines a protest as a written agreement made by an interested party.

Obligations are not legally binding commitments such as contract awards, made by federal agencies during a given period that will require outlays.

Although the financial management community is made up of financial analysts, accountants, budget analysts, auditors, and payment specialists, the two most important individuals are the fund holders and the payment specialists, who provide and manage funding and ensure that contractors get paid on time.

The following are all methods of procurement EXCEPT __________.

In lieu of initiating a new contract, businesses can look to __________.

The contracting process is broken into three phases: planning, execution, and assessment.

The Integrated Acquisition Environment (IAE) was established to facilitate cost-effective acquisition, but it doesn’t focus on current inefficiencies in acquisition.

Contracts are grouped into two broad categories: fixed-price contracts and cost-reimbursement contracts.

E-business has benefits such as the elimination of duplication of effort; however, it also faces the challenge of constant change in the technical environment.

Pricing/competition, historical data, subcontracting, and concurrent contracts are some of the factors to be considered when initiating a new contract.

If a contracting officer uses the wrong fiscal year funding, he or she has violated the __________.

All of the items below are types of appropriations EXCEPT __________.

E-business is any business process powered by an information system, whereas e-government is a phenomenon that provides funding for e-government initiatives and mandates cross-agency e-government implementation.

DAWIA certification is the process through which DoD components determine that individuals meet the standards (experience, training, and education) required for a career (level I, II, or III) in the acquisition field.

Professional competencies required in the acquisition workforce include __________.