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M3 - Federal Buying Cycle

Quiz by Jimmy Severson

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10 questions
Show answers
  • Q1
    Select the correct sequence in the Alignment of Money
    Customer, Company, Contract vehicle, Federal reseller, you
    You, Company, Federal reseller, Contract vehicle, Customer
    Customer, Contract vehicle, Company, Federal reseller, You

    None of the above

    45s
  • Q2
    Acquisition is not part of the customer buying cycle.
    false
    true
    True or False
    45s
  • Q3
    The federal customer can procure products using 1 year money in the current fiscal up to Sept 30
    true
    false
    True or False
    45s
  • Q4

    Customer's needs, requirements and pains can be from:

     New regulations

    New capabilities 

    New Threats 

    All the above

    45s
  • Q5
    The customer's procurement office is sometimes referred to as:

    Forget-me-nots

    Money pit
    Black hole
    Amazon
    45s
  • Q6
    Procurement office has many methods to procure. Which is not a method:
    Blanket Purchase Agreement (BPA)
    Government-Wide Acquisition Contract (GWAC)
    Indefinite Delivery / Indefinite Quantity Contract (IDIQ)

    Government Solutions Contract (GSO) Schedule 80

    45s
  • Q7
    The Federal reseller can never speak with the Contracting Office
    false
    true
    True or False
    45s
  • Q8
    What could go wrong with a procurement?
    Customer never gets funding
    Political situations
    Product does not have the proper certifications

    All the above

    45s
  • Q9
    Use it or lose it refers too:

    Weight measurements

    Year-end spending
    Fiscal year fall out money
    Fiscal Debt
    45s
  • Q10
    UFR stands for
    Unfunded Requirement
    Unidentified Flying Robot
    Uniformed Forces Requirement
    Useless Formal Resources
    45s

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