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Q: Can the simplified acquisition procedures can be used?
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The procedures used to select one or more contractors for a large and complex program are commonly referred to as?

Formal source selection procedures


In order to use simplified acquisition procedures sap the aggregate value of the acquisition and all its options cannot exceed the simplified acquisition threshold except for some commercial items?

True


Does the use of required sources of supplies or services take precedence of the use of simplified acquisition procedures?

Yes, the use of required sources of supplies or services takes precedence over the use of simplified acquisition procedures.


Does the use of required sources of supplies or services take precedence over the use of simplified acquisition procedures?

Yes, the use of required sources of supplies or services takes precedence over the use of simplified acquisition procedures.


What act made government acquisition processes more efficient by using commercial practices raised the threshold for simplified acquisition procedures and promoted electronic commerce?

federal acquisition reform act


Component procedures may authorize DoD GPC Ordering Officers to make purchases up to the Simplified Acquisition Threshold in which of the following cases?

At the below the micro-purchase from any vendor


What Component procedures may authorize DoD GPC Ordering Officers to make purchases up to the Simplified Acquisition Threshold in cases?

at or below the micro purchase threshold from any vendor


What Contracting methods are available which can streamline the contracting timeframe?

Simplified acquisition procedures Use of federal supply schedules Use of government wide commercial purchase card


Which acquisition plan component should be deferred until a purchase request is received?

A) Logistics concerns B) Acquisition considerations C) Source-selection procedures D) Sources


Which document establishes a simplified and flexible management system for translating joint capability needs and technological opportunities?

DoDI 5000.02, Operation of the Defense Acquisition System


What are the advantages of excess of loss reinsurance?

- Simplified accounting procedures - Low administrative costs


What is an acquisition debt?

An acquisition debt is any debt used to buy, build, or improve a primary or secondary residence.