Which of the following specifies the total time for which support of a project is programmatically approved?
Answer(s): A
A Project Period (PP) specifies the total time for which support of a project is programmatically approved. A project period can consist of one or more budget periods.
A project period can consist of one budget period only.
Answer(s): B
What is the primary purpose of the Federal Acquisition Regulations?
The primary purpose of the Federal Acquisition Regulations (FAR) is to provide a uniform set of policies and procedures for acquisition. It is codified in Title 48 of the United States Code of Federal Regulations. It doesn't regulate the purchasing activities of private sector companies UNLESS parts of it are being incorporated into government solicitations and contracts by reference.
The Federal Acquisition Regulations is codified in:
Answer(s): C
The Federal Acquisition Regulations may sometimes regulate the purchasing activities of private sector companies.
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