SBA SBA Government Contracting & Procurement 3

Question 1

What is Dynamic Small Business Search (DSBS)?

Accepted Answer

A free online database where small businesses market themselves to prime contractors and agencies

Answer

An SBA loan database

Answer

A tool for filing SBA certifications

Answer

A federal budget tracking system

Question 2

Which federal law established goals and requirements for small business participation in federal contracting?

Accepted Answer

Small Business Act of 1953

Answer

Sherman Antitrust Act

Answer

Federal Acquisition Regulation

Answer

Buy American Act

Question 3

What is the purpose of the SBA's All Small Mentor-Protégé Program?

Accepted Answer

Allow any small business to partner with a more experienced mentor firm for growth

Answer

Provide loans to new businesses

Answer

Grant automatic set-aside status

Answer

Certify businesses for HUBZone eligibility

Question 4

Which government website serves as the primary marketplace for federal contract opportunities?

Accepted Answer

SAM.gov/opportunities (formerly FBO.gov)

Answer

USASpending.gov

Answer

Grants.gov

Answer

SBA.gov/contracts

Question 5

What is a Blanket Purchase Agreement (BPA) in federal contracting?

Accepted Answer

A simplified acquisition method establishing accounts with qualified vendors for recurring purchases

Answer

An SBA loan guarantee instrument

Answer

A type of subcontracting plan

Answer

A HUBZone zone designation document

Question 6

Under the SBA's size standards, what determines eligibility for small business status in manufacturing industries?

Accepted Answer

Number of employees (typically 500 or fewer)

Answer

Annual revenue under $7.5 million

Answer

Assets under $10 million

Answer

Net profit under $2 million