Which statement about simplified acquisition procedures is true?

The statement regarding simplified acquisition procedures that is true is that purchases above the micro-purchase level are generally set aside for small businesses. This reflects the federal focus on fostering small business participation in government contracting. Under the Federal Acquisition Regulation (FAR), simplified acquisition procedures are designed to promote efficiency and reduce the burden on both the government and businesses. By setting aside purchases for small businesses when appropriate, the government ensures that these entities have the opportunity to compete for contracts, which is crucial for encouraging economic growth and innovation within the small business sector.

This approach aims to create a more diverse contractor pool and provide small businesses a fair chance to win government contracts, thereby supporting their growth and sustainability. Simplified acquisition procedures also include various thresholds, where specific purchases above the micro-purchase level must consider small business set-asides, thus further reinforcing the commitment to small business participation in federal contracting.