Question 1

What is a key benefit of Open Government resources for federal sellers?

Accepted Answer

Transparency into customer needs

Answer

Direct purchasing authority

Answer

Eliminates competition

Answer

Guaranteed contract awards

Question 2

What percentage of federal contract obligations are services?

Accepted Answer

60–65%

Answer

80–90%

Answer

10–20%

Answer

25–35%

Question 3

Which site provides federal opportunities across many industries and agencies?

Accepted Answer

SAM.gov

Answer

Grants.gov

Answer

IRS.gov

Answer

Congress.gov

Question 4

Which organization manages the Technology Modernization Fund?

Accepted Answer

General Services Administration

Answer

Small Business Administration

Answer

Office of Personnel Management

Answer

Department of Defense

Question 5

The Technology Modernization Fund stopped funding in which year?

Accepted Answer

2025

Answer

2026

Answer

2022

Answer

2020

Question 6

Which resource provides outreach and training for small businesses?

Accepted Answer

SBA & GSA

Answer

Local Chambers of Commerce

Answer

Department of Treasury

Answer

Federal Reserve

Question 7

What is the purpose of a Functional Requirement Document (FRD)?

Accepted Answer

Defines business requirements for solutions

Answer

Approves contract funding automatically

Answer

Provides pricing benchmarks

Answer

Replaces RFPs entirely

Question 8

What law strengthened CIO authority over federal IT investments?

Accepted Answer

FITARA

Answer

NDAA

Answer

FISMA

Answer

Clinger-Cohen Act

Question 9

What does OMB Section 300 track?

Accepted Answer

Federal IT investments

Answer

Congressional approvals

Answer

Military readiness levels

Answer

Personnel hiring targets

Question 10

What happened to the FITARA Scorecard after 2024?

Accepted Answer

No new scorecards released

Answer

Became mandatory quarterly

Answer

Replaced all IT oversight

Answer

Expanded globally

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