Instructions: Answer any two questions below.Your response should be about 2 par

Instructions: Answer any two questions below.Your response should be about 2 paragraphs for each question. Your total for both questions may not exceed two pages (about 1200 words). Each question is worth 50 points for a total of 100.There is no extra credit. Submit your answers as AN ATTACHMENT in the Assignment Folder. Be sure your name in header. Your file should be called LastName-Quiz1.Place your answers in the Assignment Folder.1. What are the goals of Acquisition Planning and why is planning so important? (FAR Part 7) Does Market Research play a role in Acquisition Planning?2. When does the FAR say it is appropriate for you to use the Seal Bid process? (FAR Part 3. What are the circumstances under which using Other Than Full and Open Competition is justified? (FAR Part 6) 4. What does it mean to be a responsive and responsible bidder? 14) I