#1
Which of the following statements is true about Simplified Acquisition Procedures (SAP) in government contracting?
SAP can be used for acquisitions up to $250,000.
ExplanationSAP allows for acquisitions up to $250,000.
#2
What is the primary goal of Simplified Acquisition Procedures (SAP) in government contracting?
To streamline the acquisition process for small businesses.
ExplanationSAP aims to streamline acquisition for small businesses.
#3
Which regulation governs Simplified Acquisition Procedures (SAP) in the United States federal government?
Federal Acquisition Regulation (FAR) Part 13
ExplanationFAR Part 13 governs SAP in the US federal government.
#4
What are some advantages of using Simplified Acquisition Procedures (SAP) for government contracting?
Reduced administrative costs and time
ExplanationSAP reduces administrative costs and time.
#5
In Simplified Acquisition Procedures (SAP), what is a micro-purchase?
A purchase up to $5,000
ExplanationA micro-purchase in SAP is up to $5,000.
#6
Which entity is responsible for setting the micro-purchase threshold in Simplified Acquisition Procedures (SAP)?
Office of Management and Budget (OMB)
ExplanationOMB sets the micro-purchase threshold in SAP.