SBP 101 Test Questions and Answerse.docx - 1 What can the results of your market research help the acquisition team do Select all that apply[Identify

SBP 101 Test Questions and Answerse.docx - 1 What can the...

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1) What can the results of your market research help the acquisition team do? Select all that apply. [Identify requirements for market research throughout the acquisition process][Remediation Accessed :N] Determine which offeror is the best.Determine acquisition strategy.Identify industry capabilities.Define requirements.2) Which of the following is responsible for aiding, assisting, and protecting the interests of small businesses in Government procurements? [Identify key players in small business acquisitions and their unique interests]Small Business Administration (SBA)CongressOffice of Federal Procurement Policy (OFPP)Office of Management and Budget (OMB)3) Small Businesses are beneficial to DoD in which of the following ways? Select all that apply. [Identify the strategic role that small businesses play in DoD acquisitions]They are agile.They are innovative.They have great access to capital.They are always
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cheaper.4) What do you need to do to be successful as a Small Business Professional? Select allthat apply. [Identify what Small Business Professionals must do in order to be successful in their careers][Remediation Accessed :N] Understand your agency's mission and how it operates.Educate large businesses on how best to work with DoD and your specific agency.Identify potential small businesses that can respond to current and upcoming procurements.Stay current on small business and contracting policies and regulations and acquisition approaches.5) Which policy guidance specifically addresses the SBPs roles and responsibilities?[Identify the governance framework that affects what Small Business Professionals can and cannot do in their jobs.]DoDD 4205.01Congressional ReportsDoD 5000.02DoDI 5000.746) Access FAR Part 19.402 at and use it to answer the following question. What is the role of the Small Business Administration Procurement Center Representatives in an acquisition? Select all that apply.
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