FAC-C CERTIFICATION EXAM AND PRACTICE EXAM
NEWEST 2026 TEST BANK| FAC-C CERTIFICATION
EXAM PREP WITH COMPLETE REAL EXAM
QUESTIONS AND CORRECT VERIFIED ANSWERS/
ALREADY GRADED A+ (MOST RECENT!!)
1.Which source establishes the uniform policies and procedures for acquisition by
executive agencies?
A. Defense Federal Acquisition Regulation Supplement (DFARS)
B. Federal Acquisition Regulation (FAR)
C. Federal Property Management Regulation (FPMR)
D. Office of Management and Budget Circular A-123
Answer: B. Federal Acquisition Regulation (FAR)
Rationale: The FAR is the primary regulation governing acquisition by executive
agencies and provides uniform acquisition policies and procedures.
2. What is the primary objective of the federal acquisition system?
A. Maximize contractor profits
B. Increase contract duration
C. Deliver the best value product or service to the customer while maintaining
public trust
D. Award contracts only to large businesses
Answer: C. Deliver the best value product or service to the customer while
maintaining public trust
Rationale: FAR 1.102 states that the acquisition system exists to deliver best value
while maintaining the public's trust and fulfilling public policy objectives.
, 3. Which acquisition planning principle is emphasized in the FAR?
A. Planning begins after solicitation issuance.
B. Planning is optional for simplified acquisitions.
C. Planning should begin as soon as the agency need is identified.
D. Planning occurs after contract award.
Answer: C. Planning should begin as soon as the agency need is identified.
Rationale: Early acquisition planning improves competition, performance, and
mission success.
4. Which individual has the authority to enter into, administer, or terminate
contracts?
A. Program Manager
B. Contract Specialist
C. Finance Officer
D. Contracting Officer
Answer: D. Contracting Officer
Rationale: Only a duly appointed Contracting Officer possesses legal authority to
bind the Government contractually.
5. A Contracting Officer's authority is evidenced by:
A. Security clearance
B. Position description
C. Certificate of Appointment (Warrant)
D. Agency badge
Answer: C. Certificate of Appointment (Warrant)
Rationale: The warrant specifies the Contracting Officer's authority and any
limitations.
, 6. Which document describes the supplies or services to be acquired?
A. Acquisition Plan
B. Independent Government Cost Estimate
C. Statement of Work (SOW)
D. Quality Assurance Surveillance Plan
Answer: C. Statement of Work (SOW)
Rationale: The SOW clearly defines the required work, performance, or
deliverables.
7. Which contract type places the greatest cost risk on the contractor?
A. Cost-Reimbursement
B. Time-and-Materials
C. Labor-Hour
D. Firm-Fixed-Price
Answer: D. Firm-Fixed-Price
Rationale: Under a Firm-Fixed-Price contract, the contractor generally bears
responsibility for cost overruns.
8. Which contract type is appropriate when uncertainties prevent accurate
cost estimation?
A. Firm-Fixed-Price
B. Fixed-Price with Economic Price Adjustment
C. Cost-Reimbursement
D. Fixed-Price Incentive
Answer: C. Cost-Reimbursement
, Rationale: Cost-reimbursement contracts are used when costs cannot be
estimated with sufficient certainty.
9. What is the purpose of market research?
A. Eliminate competition
B. Justify sole-source acquisitions only
C. Identify capable sources and suitable acquisition strategies
D. Establish contractor profits
Answer: C. Identify capable sources and suitable acquisition strategies
Rationale: Market research supports informed acquisition planning and
competition.
10.Competition in contracting generally promotes:
A. Higher acquisition costs
B. Longer procurement lead times
C. Best value and fair pricing
D. Reduced contractor accountability
Answer: C. Best value and fair pricing
Rationale: Competition encourages better pricing, innovation, and improved
performance.
11.Which FAR Part primarily addresses acquisition planning?
A. FAR Part 6
B. FAR Part 7
C. FAR Part 12
D. FAR Part 15
Answer: B. FAR Part 7
NEWEST 2026 TEST BANK| FAC-C CERTIFICATION
EXAM PREP WITH COMPLETE REAL EXAM
QUESTIONS AND CORRECT VERIFIED ANSWERS/
ALREADY GRADED A+ (MOST RECENT!!)
1.Which source establishes the uniform policies and procedures for acquisition by
executive agencies?
A. Defense Federal Acquisition Regulation Supplement (DFARS)
B. Federal Acquisition Regulation (FAR)
C. Federal Property Management Regulation (FPMR)
D. Office of Management and Budget Circular A-123
Answer: B. Federal Acquisition Regulation (FAR)
Rationale: The FAR is the primary regulation governing acquisition by executive
agencies and provides uniform acquisition policies and procedures.
2. What is the primary objective of the federal acquisition system?
A. Maximize contractor profits
B. Increase contract duration
C. Deliver the best value product or service to the customer while maintaining
public trust
D. Award contracts only to large businesses
Answer: C. Deliver the best value product or service to the customer while
maintaining public trust
Rationale: FAR 1.102 states that the acquisition system exists to deliver best value
while maintaining the public's trust and fulfilling public policy objectives.
, 3. Which acquisition planning principle is emphasized in the FAR?
A. Planning begins after solicitation issuance.
B. Planning is optional for simplified acquisitions.
C. Planning should begin as soon as the agency need is identified.
D. Planning occurs after contract award.
Answer: C. Planning should begin as soon as the agency need is identified.
Rationale: Early acquisition planning improves competition, performance, and
mission success.
4. Which individual has the authority to enter into, administer, or terminate
contracts?
A. Program Manager
B. Contract Specialist
C. Finance Officer
D. Contracting Officer
Answer: D. Contracting Officer
Rationale: Only a duly appointed Contracting Officer possesses legal authority to
bind the Government contractually.
5. A Contracting Officer's authority is evidenced by:
A. Security clearance
B. Position description
C. Certificate of Appointment (Warrant)
D. Agency badge
Answer: C. Certificate of Appointment (Warrant)
Rationale: The warrant specifies the Contracting Officer's authority and any
limitations.
, 6. Which document describes the supplies or services to be acquired?
A. Acquisition Plan
B. Independent Government Cost Estimate
C. Statement of Work (SOW)
D. Quality Assurance Surveillance Plan
Answer: C. Statement of Work (SOW)
Rationale: The SOW clearly defines the required work, performance, or
deliverables.
7. Which contract type places the greatest cost risk on the contractor?
A. Cost-Reimbursement
B. Time-and-Materials
C. Labor-Hour
D. Firm-Fixed-Price
Answer: D. Firm-Fixed-Price
Rationale: Under a Firm-Fixed-Price contract, the contractor generally bears
responsibility for cost overruns.
8. Which contract type is appropriate when uncertainties prevent accurate
cost estimation?
A. Firm-Fixed-Price
B. Fixed-Price with Economic Price Adjustment
C. Cost-Reimbursement
D. Fixed-Price Incentive
Answer: C. Cost-Reimbursement
, Rationale: Cost-reimbursement contracts are used when costs cannot be
estimated with sufficient certainty.
9. What is the purpose of market research?
A. Eliminate competition
B. Justify sole-source acquisitions only
C. Identify capable sources and suitable acquisition strategies
D. Establish contractor profits
Answer: C. Identify capable sources and suitable acquisition strategies
Rationale: Market research supports informed acquisition planning and
competition.
10.Competition in contracting generally promotes:
A. Higher acquisition costs
B. Longer procurement lead times
C. Best value and fair pricing
D. Reduced contractor accountability
Answer: C. Best value and fair pricing
Rationale: Competition encourages better pricing, innovation, and improved
performance.
11.Which FAR Part primarily addresses acquisition planning?
A. FAR Part 6
B. FAR Part 7
C. FAR Part 12
D. FAR Part 15
Answer: B. FAR Part 7
