#1
What is the purpose of government contracting?
To purchase goods and services for government use
ExplanationGovernment contracts facilitate procurement of goods and services for governmental needs.
#2
Which of the following is NOT a step in the government procurement process?
Negotiating prices with suppliers
ExplanationNegotiating prices with suppliers is not a formal step in the government procurement process.
#3
What is the purpose of the Federal Acquisition Regulation (FAR) in the United States?
To regulate the process of government contracting
ExplanationFAR governs the procedures for acquiring goods and services by the federal government.
#4
Which of the following is an example of a procurement method used by governments?
All of the above
ExplanationGovernments utilize various procurement methods, including competitive bidding, requests for proposals, and sole sourcing.
#5
Which of the following is a key difference between a request for proposal (RFP) and a request for quote (RFQ)?
An RFP is a formal invitation for suppliers to submit proposals, while an RFQ is a simpler request for price quotes.
ExplanationAn RFP solicits detailed proposals, while an RFQ seeks straightforward price quotations.
#6
What is the purpose of the Davis-Bacon Act in the United States?
To ensure fair wages for workers on federal government construction projects
ExplanationThe Davis-Bacon Act mandates payment of prevailing wages on federal construction projects to protect workers' earnings.
#7
What is the purpose of the Buy American Act?
To restrict the purchase of foreign-made goods by the U.S. government
ExplanationThe Buy American Act promotes domestic manufacturing by favoring American-made products in government purchases.
#8
Which of the following is a responsibility of the Government Accountability Office (GAO) in the United States?
To investigate and report on the use of public funds
ExplanationThe GAO monitors government spending, investigates financial matters, and provides oversight to ensure public funds are used efficiently.