Simplified Acquisition Procedures and Government Procurement Quiz

High level of competition is NOT a characteristic of simplified acquisition procedures.

Main objective of simplified acquisition procedures is to minimize administrative burdens.

Primary advantage of simplified acquisition procedures for government agencies is reduced procurement timelines.

Primary objective of simplified acquisition procedures is to reduce administrative burdens.

Purpose of simplified acquisition procedures is to simplify and expedite the acquisition process.

A benefit of simplified acquisition procedures is a streamlined acquisition process.

Threshold value for simplified acquisition procedures in US federal procurement.

Major weapons systems are NOT typically eligible for simplified acquisition procedures.

Primary method for soliciting quotes or offers in simplified acquisition procedures is Request for Quotation (RFQ).

General Services Administration (GSA) is responsible for overseeing simplified acquisition procedures in the United States.

Purpose of the Simplified Acquisition Threshold (SAT) is to set the maximum dollar value for simplified acquisitions.

Federal Acquisition Regulation (FAR) governs simplified acquisition procedures for federal procurement.