SBA SBA Government Contracting & Procurement

Question 1

What is the U.S. government's annual small business contracting goal as a percentage of federal prime contracts?

Accepted Answer

23%

Answer

15%

Answer

20%

Answer

30%

Question 2

Which SBA program helps small businesses compete for federal contracts by allowing agencies to set aside contracts exclusively for them?

Accepted Answer

Small Business Set-Aside Program

Answer

8(a) Business Development

Answer

HUBZone Program

Answer

WOSB Program

Question 3

What does 'HUBZone' stand for in the SBA HUBZone program?

Accepted Answer

Historically Underutilized Business Zone

Answer

High Unemployment Business Zone

Answer

Highly Urban Business Zone

Answer

Home-Based Unified Business Zone

Question 4

Under the SBA 8(a) Business Development program, what is the maximum length of time a firm can participate?

Accepted Answer

9 years

Answer

5 years

Answer

7 years

Answer

12 years

Question 5

What is the primary purpose of the System for Award Management (SAM.gov) for small businesses seeking government contracts?

Accepted Answer

Register as a federal contractor and be searchable by agencies

Answer

Apply for SBA loans

Answer

File annual tax returns

Answer

Submit OSHA compliance reports

Question 6

Which certification allows women-owned small businesses to compete for federal set-aside contracts?

Accepted Answer

WOSB/EDWOSB Certification

Answer

8(a) Certification

Answer

HUBZone Certification

Answer

SDVOSB Certification