CON 3990 Exam (FAR Parts) – Updated
2025–2026
1. The Federal Acquisition Regulation (FAR) applies to acquisitions made by:
A) Executive agencies
B) Legislative agencies
C) Judicial agencies
D) All of the above
Correct Answer: A (The FAR applies to executive agencies; the legislative and judicial
branches have their own acquisition regulations.)
2. The overarching purpose of the federal acquisition system is to:
A) Award contracts to the lowest-priced offeror.
B) Deliver on a timely basis the best value product or service to the customer.
C) Ensure small businesses receive a fair proportion of government contracts.
D) Create a perfectly competitive marketplace.
Correct Answer: B
3. Which of the following is NOT one of the three key components of the "Acquisition
Team"?
,A) The requiring activity
B) The contractor
C) The contracting officer
D) The taxpayer
Correct Answer: D
4. The requirement for full and open competition is found in which part of the FAR?
A) Part 6
B) Part 13
C) Part 15
D) Part 19
Correct Answer: A
5. Which of the following is a statutory exception to full and open competition?
A) Unusual and compelling urgency
B) The offeror is a small business
C) The item is commercially available
D) The proposed price is below the independent government cost estimate
Correct Answer: A
6. The Simplified Acquisition Threshold (SAT) is currently:
A) $100,000
B) $250,000
C) $500,000
D) $1,000,000
,Correct Answer: B (As of 2025-2026, the SAT for civilian agencies is $250,000. Always
verify the current threshold.)
7. Micropurchases are typically acquisitions that do not exceed:
A) $3,000
B) $10,000
C) $25,000
D) $50,000
Correct Answer: B ($10,000, though for certain specific actions it can be higher, e.g., $20k
for construction.)
8. The primary contracting method used for acquisitions above the SAT is:
A) Sealed bidding (IFB)
B) Negotiated procurement (RFP)
C) Simplified acquisition procedures (SAP)
D) Basic ordering agreements (BOA)
Correct Answer: B
9. A sealed bid solicitation is known as an:
A) RFP (Request for Proposal)
B) RFQ (Request for Quotation)
C) IFB (Invitation for Bid)
D) RFI (Request for Information)
Correct Answer: C
, 10. In sealed bidding, the contract must be awarded to the responsible bidder who
submitted the:
A) Technically acceptable bid with the best past performance.
B) Lowest priced, responsive bid.
C) Bid that represents the best value to the government.
D) Bid that is most advantageous to the government, cost and other factors considered.
Correct Answer: B
11. The process of exchanging information with offerors after receipt of proposals to clarify
aspects of a proposal is called:
A) Discussions
B) Technical leveling
C) Communications
D) Proposal analysis
Correct Answer: C (Communications are limited exchanges. Discussions are negotiations.)
12. Which type of contract places the maximum risk upon the contractor?
A) Firm-Fixed-Price (FFP)
B) Cost-Plus-Fixed-Fee (CPFF)
C) Fixed-Price-Incentive (FPI)
D) Cost-Plus-Incentive-Fee (CPIF)
Correct Answer: A
13. Which type of contract places the maximum cost risk upon the Government?
A) Firm-Fixed-Price (FFP)
2025–2026
1. The Federal Acquisition Regulation (FAR) applies to acquisitions made by:
A) Executive agencies
B) Legislative agencies
C) Judicial agencies
D) All of the above
Correct Answer: A (The FAR applies to executive agencies; the legislative and judicial
branches have their own acquisition regulations.)
2. The overarching purpose of the federal acquisition system is to:
A) Award contracts to the lowest-priced offeror.
B) Deliver on a timely basis the best value product or service to the customer.
C) Ensure small businesses receive a fair proportion of government contracts.
D) Create a perfectly competitive marketplace.
Correct Answer: B
3. Which of the following is NOT one of the three key components of the "Acquisition
Team"?
,A) The requiring activity
B) The contractor
C) The contracting officer
D) The taxpayer
Correct Answer: D
4. The requirement for full and open competition is found in which part of the FAR?
A) Part 6
B) Part 13
C) Part 15
D) Part 19
Correct Answer: A
5. Which of the following is a statutory exception to full and open competition?
A) Unusual and compelling urgency
B) The offeror is a small business
C) The item is commercially available
D) The proposed price is below the independent government cost estimate
Correct Answer: A
6. The Simplified Acquisition Threshold (SAT) is currently:
A) $100,000
B) $250,000
C) $500,000
D) $1,000,000
,Correct Answer: B (As of 2025-2026, the SAT for civilian agencies is $250,000. Always
verify the current threshold.)
7. Micropurchases are typically acquisitions that do not exceed:
A) $3,000
B) $10,000
C) $25,000
D) $50,000
Correct Answer: B ($10,000, though for certain specific actions it can be higher, e.g., $20k
for construction.)
8. The primary contracting method used for acquisitions above the SAT is:
A) Sealed bidding (IFB)
B) Negotiated procurement (RFP)
C) Simplified acquisition procedures (SAP)
D) Basic ordering agreements (BOA)
Correct Answer: B
9. A sealed bid solicitation is known as an:
A) RFP (Request for Proposal)
B) RFQ (Request for Quotation)
C) IFB (Invitation for Bid)
D) RFI (Request for Information)
Correct Answer: C
, 10. In sealed bidding, the contract must be awarded to the responsible bidder who
submitted the:
A) Technically acceptable bid with the best past performance.
B) Lowest priced, responsive bid.
C) Bid that represents the best value to the government.
D) Bid that is most advantageous to the government, cost and other factors considered.
Correct Answer: B
11. The process of exchanging information with offerors after receipt of proposals to clarify
aspects of a proposal is called:
A) Discussions
B) Technical leveling
C) Communications
D) Proposal analysis
Correct Answer: C (Communications are limited exchanges. Discussions are negotiations.)
12. Which type of contract places the maximum risk upon the contractor?
A) Firm-Fixed-Price (FFP)
B) Cost-Plus-Fixed-Fee (CPFF)
C) Fixed-Price-Incentive (FPI)
D) Cost-Plus-Incentive-Fee (CPIF)
Correct Answer: A
13. Which type of contract places the maximum cost risk upon the Government?
A) Firm-Fixed-Price (FFP)
