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SELL TO THE GOVERNMENT CHALLENGE

Think you've got the chops to navigate the complex world of government contracting? Put your knowledge to the test with our 'Sell to the Government' Challenge! Whether you're a seasoned pro or just starting out, this quiz is designed to assess your government contracting savvy and offer valuable insights into your strengths and areas for growth.

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Question 1 of 10

True or False: The U.S. government is the worlds largest buyer of goods and services.

A

True

B

False

Question 2 of 10

What does 'RFP' stand for in government contracting?   

A

Request for Proposal

B

Rapid Financing Program

C

Resource Fulfillment Plan

D

Retail Fulfillment Process

Question 3 of 10

What is an advantage of obtaining a GSA Schedule Contract?  

A

Tax benefits

B

Streamlined procurement process

C

Unlimited contract value

D

Automatic contract renewal

Question 4 of 10

What is a 'set-aside' contract?

A

A contract reserved for small businesses

B

A contract set aside for emergency use only

C

A contract without competition

D

A contract reserved for international businesses

Question 5 of 10

True or False: Small businesses need a D-U-N-S number to bid on Federal government contracts.

A

True

B

False

Question 6 of 10

Which is an important element of a successful government contract proposal? Select all that apply.

A

Past Performance

B

Celebrity endorsements

C

Detailed cost breakdown

D

Customer testimonials

Question 7 of 10

Identify the difference between a Request for Information (RFI) and a Request for Quotation (RFQ).

A

RFI is for gathering information, RFQ is for pricing and company information

B

RFI is for pricing and company information, RFQ is for gathering information

C

RFI and RFQ are the same

D

None of the above

Question 8 of 10

In government contracting, what does 'FAR' stand for?

A

Financial Assessment Report

B

Final Agreement Ratio

C

Fiscal Allocation Rule

D

Federal Acquisition Regulation

Question 9 of 10

How can strategic partnerships benefit a business seeking government contracts?

A

By reducing the need for marketing

B

By providing additional resources and expertise

C

By guaranteeing contract wins

D

By eliminating competition

Question 10 of 10

Which of the following is one way for finding relevant government contracting opportunities.

A

Waiting for clients to contact you

B

Search for opportunities on SAM.gov

C

Randomly bidding on any available contract

D

Avoiding networking events

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