REAL EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS ) ALREADY GRADED A+.
FAR Part 1 - ANSWER-Federal Acquisition Regulation System
FAR Part 2 - ANSWER-Definitions of Words and Terms
FAR Part 3 - ANSWER-Improper Business Practices &
Personal Conflicts of
Interest
FAR Part 4 - ANSWER-Administrative Matters
FAR Part 5 - ANSWER-Publicizing Contract Actions
FAR Part 6 - ANSWER-Competitive Requirements
FAR Part 7 - ANSWER-Acquisition Planning
FAR Part 8 - ANSWER-Required Sources of Supplies and Service
FAR Part 10 - ANSWER-Market Research
,FAR Part 12 - ANSWER-Acquisition of Commercial Items
FAR Part 13 - ANSWER-Simplified Acquisition Procedures (SAP)
FAR Part 15 - ANSWER-Contract by Negotiation
FAR Part 16 - ANSWER-Types of Contracts
FAR Part 19 - ANSWER-Small Business Programs
FAR Part 31 - ANSWER-Contract Cost Principles & Procedures
FAR Part 33 - ANSWER-Protests, Disputes, and Appeals
FAR Part 42 - ANSWER-Contract Administration & Audit Services
FAR Part 44 - ANSWER-Subcontracting Policies & Procedures
FAR Part 46 - ANSWER-Quality Assurance
FAR Part 49 - ANSWER-Termination of Contracts
FAR Part 50 - ANSWER-Extraordinary contractual actions and
safety act
,FAR Part 51 - ANSWER-Use of Government Sources by
Contractors
FAR Part 52 - ANSWER-Solicitation Provisions and Contract
Clauses
FAR Part 53 - ANSWER-FORMS
What are the two types of negotiated acquisitions? - ANSWER-
Sole source and
competitive
Feedback: See FAR
15.002
What is the objective of a source selection? - ANSWER-To select
the proposal that represents the best value
Feedback: See FAR 15.302
Which contract type shifts cost risk from the Government to
the contractor? -
ANSWER-Fixed-
price
Feedback: See FAR
16.104(d)
, Which of the following best describes the purpose of
proposal analysis? -
ANSWER-To ensure the price is fair and
reasonable
Whenever a contracting officer is required to publicize notice of
proposed contract actions in the Governmentwide point of entry
(GPE), they must: - ANSWER-Establish a common response time
for all offerors from the date of publication
Feedback: See FAR 5.207
One day after publicizing and releasing a solicitation, the
contracting officer realizes that the contract line items need to
be reorganized. The contracting officer must: - ANSWER-Amend
the solicitation, changing the contract line items
Feedback: See FAR 15.206
Which FAR part is the best source of information
regarding competition
requirements? - ANSWER-
FAR part 6
Feedback: See FAR
6.000