FAC-C Certification Exam: Government Contracting and FAR Principles ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS

FAC-C Certification Exam: Government
Contracting and FAR Principles ACTUAL
UPDATED QUESTIONS AND CORRECT ANSWERS

Which authority is legally binding in Actual Authority
Government contracting and
recognized by the courts?


In DoD contracting, who has the Contracting Officer
authority to enter into a legally
binding contract?

, True or False: Each authority is NOT False
delegable unless specifically stated
otherwise.




Which of the following are essential Capacity, Consideration, Mutual Assent, Lawful
elements of a contract? Purpose


True or False: A contract is defined True
as a mutually binding legal
relationship obligating the seller to
furnish the supplies or services and
the buyer to pay for them.


True or False: Capacity is when each False, Capacity is the ability to understand and
party either makes a promise or appreciate the terms of the contract.
begins to render performance.


Market research can be __________. Both A and B (Strategic and Tactical)


True or False: The extent of market True
research will vary, depending on
such factors as urgency, estimated
dollar value, complexity, and past
experience.