The 8a small disadvantaged business refers to what?

The 8a small disadvantaged business refers to what?

• A. 8a small disadvantaged business
• B. FYDP
• C. Not invented here mentality
• D. Key tenet IPPD

Answer: (A)

This question is testing understanding of what the 8(a) small disadvantaged business designation means. It refers to a firm that is owned and controlled by a socially and economically disadvantaged individual and has been approved to participate in the Small Business Administration’s 8(a) Business Development program. Being in the 8(a) program gives access to federal contracting opportunities that are set aside for 8(a) firms or awarded via sole-source contracts, along with mentoring and other developmental assistance to help the business compete. The other options point to concepts unrelated to this designation: FYDP is a defense planning/budget document, Not invented here mentality describes resistance to external ideas, and IPPD refers to integrated product and process development.

This question is testing understanding of what the 8(a) small disadvantaged business designation means. It refers to a firm that is owned and controlled by a socially and economically disadvantaged individual and has been approved to participate in the Small Business Administration’s 8(a) Business Development program. Being in the 8(a) program gives access to federal contracting opportunities that are set aside for 8(a) firms or awarded via sole-source contracts, along with mentoring and other developmental assistance to help the business compete.

The other options point to concepts unrelated to this designation: FYDP is a defense planning/budget document, Not invented here mentality describes resistance to external ideas, and IPPD refers to integrated product and process development.