FAC-C Certification Exam: Government Contracting and FAR Principles
ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Which authority is legally binding in Government Actual Authority
contracting and recognized by the courts?
In DoD contracting, who has the authority to enter into a Contracting Officer
legally binding contract?
True or False: Each authority is NOT delegable unless False
specifically stated otherwise.
Which of the following are essential elements of a Capacity, Consideration, Mutual Assent, Lawful Purpose
contract?
True or False: A contract is defined as a mutually binding True
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 party either makes a False, Capacity is the ability to understand and appreciate the terms of the
promise or begins to render performance. contract.
Market research can be __________. Both A and B (Strategic and Tactical)
True or False: The extent of market research will vary, True
depending on such factors as urgency, estimated dollar
value, complexity, and past experience.
True or False: Contracting Officers shall promote and True
provide for full and open competition in soliciting offers
and awarding Government contracts unless an exception
applies.
Market Research is conducted during which phase of All phases of the acquisition
acquisition?
What is the use of a procedure that is inconsistent with Deviation
the FAR?
Simplified Acquisition Procedures should __________. Promote competition to the maximum extent practicable
What type(s) of contracts can be awarded when Only firm fixed price contracts or firm fixed with economic prices adjustment
acquiring commercial products?
Which is NOT a type of contracting officer? Executive contracting officer
With respect to the requirements law, what must a KO Ensure each requirement has been met
ensure before signing a contract?
What is a contract clause? A term or condition used in contracts, or in both solicitation and contract that
applies after contract award or both before and after contract award.
Which statement best conveys the convention of FAR Each authority is delegable unless specifically stated otherwise.
1.108(b), delegation of authority?
Where in the FAR can you find guidance on how to FAR Part 4
establish, maintain, and dispose of Government contract
files?
ACTUAL UPDATED QUESTIONS AND CORRECT ANSWERS
Which authority is legally binding in Government Actual Authority
contracting and recognized by the courts?
In DoD contracting, who has the authority to enter into a Contracting Officer
legally binding contract?
True or False: Each authority is NOT delegable unless False
specifically stated otherwise.
Which of the following are essential elements of a Capacity, Consideration, Mutual Assent, Lawful Purpose
contract?
True or False: A contract is defined as a mutually binding True
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 party either makes a False, Capacity is the ability to understand and appreciate the terms of the
promise or begins to render performance. contract.
Market research can be __________. Both A and B (Strategic and Tactical)
True or False: The extent of market research will vary, True
depending on such factors as urgency, estimated dollar
value, complexity, and past experience.
True or False: Contracting Officers shall promote and True
provide for full and open competition in soliciting offers
and awarding Government contracts unless an exception
applies.
Market Research is conducted during which phase of All phases of the acquisition
acquisition?
What is the use of a procedure that is inconsistent with Deviation
the FAR?
Simplified Acquisition Procedures should __________. Promote competition to the maximum extent practicable
What type(s) of contracts can be awarded when Only firm fixed price contracts or firm fixed with economic prices adjustment
acquiring commercial products?
Which is NOT a type of contracting officer? Executive contracting officer
With respect to the requirements law, what must a KO Ensure each requirement has been met
ensure before signing a contract?
What is a contract clause? A term or condition used in contracts, or in both solicitation and contract that
applies after contract award or both before and after contract award.
Which statement best conveys the convention of FAR Each authority is delegable unless specifically stated otherwise.
1.108(b), delegation of authority?
Where in the FAR can you find guidance on how to FAR Part 4
establish, maintain, and dispose of Government contract
files?
