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FAC-C EXAM AND STUDY GUIDE NEWEST 2025 TEST
BANK| FAC-C PROCTORED EXAM WITH COMPLETE
850 REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ GRADED A+ (MOST RECENT!!)
What two parties must administer the contract? -ANSWER- Buyer and
seller.
Which FAR/DFARS Part outlines the vast array of postaward activities
and responsibilities? -ANSWER- FAR Part 42 Contract Administration
and Audit Services; DFARS Part 242.
Whose responsibility is quality? -ANSWER- The seller.
Which FAR/DFARS Part covers policies and procedures as they relate to
subcontractors? -ANSWER- FAR Part 44 Subcontracting Policies and
Procedures
Which FAR Part covers changes to contracts? -ANSWER- FAR Part 43
Contract Modifications
Which FAR Part discusses termination of contracts? -ANSWER- FAR
Part 49 Termination of Contracts
pg. 1
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Which FAR Part covers the closeout of government contract files? -
ANSWER- FAR 4.804 Closeout of Contract Files.
Which FAR Part covers the responsibilities associated with government
property prior to and through contract closeout? -ANSWER- FAR Part
45 Government Property.
Who is responsible for administering the contract? -ANSWER- The
buyer and the seller
What do most sellers have to support their contract performance? -
ANSWER- Supply Chain
Who is responsible for ensuring that sufficient funds are available for a
contract action? -ANSWER- CO
According FAR 1.102-2(c)(2) the contracting system should focus on
___ ___ instead of risk avoidance. -ANSWER- Risk management
The cost to the taxpayer of attempting to eliminate all risk is ___ -
ANSWER- Prohibitive.
All contractors and prospective contractors should be treated ___ and
___ but need not be treated the same. -ANSWER- Fairly; impartially
pg. 2
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Definitions of words and terms in FAR 2.101 have the same meaning
throughout the entire FAR, unless-- -ANSWER- The context in which
the word or term is used clearly requires a different meaning; or another
FAR part, subpart, or section provides a different definition for the
particular part or portion of the part.
FAR Subpart 4.8 provides guidance on... -ANSWER- establishing,
maintaining, and disposing of government contract files.
Determination and Findings (FAR 1.701) -ANSWER- Are a special
form of written approval by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actions.
What document is used to justify a sole-source award? -ANSWER-
Justification and approval.
What form is used for a commercial product and commercial service
solicitation and contract? -ANSWER- SF 1449
What method must be used to disseminate information regarding a
proposed contract action exceeding $25,000? -ANSWER- Synopsizing
on GPE.
Contracting professionals must conduct themselves in a manner
consistent with the highest levels of ___, ___, and ___. -ANSWER-
Integrity, fairness, and openness.
pg. 3
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Contracting professionals must exhibit the highest levels of ___ ___ in
their dealings with customers, other members of the acquisition team,
and industry. -ANSWER- Ethical behavior
Which FAR part describes the Federal Government and DOD policies
and procedures that relate to subcontractors? -ANSWER- FAR Part 44
Subcontracting Policies and Procedures
As contract performance continues, ___ may be needed to the contract
arrangement. -ANSWER- Changes
Which FAR Part covers contract modifications? -ANSWER- FAR Part
43 Contract Modifications
Which FAR Part discusses the termination of contracts? -ANSWER-
FAR Part 49 Termination of Contracts
___ ___ is the process of verifying all the requirements of the contract
are satisfied, settling unresolved matters, and reconciling the contract to
make final payment. -ANSWER- Contract Closeout
Contract closeout tasks include: -ANSWER- (1) Validation of
completion of contract requirements
(2) Disposition of property
(3) Settling subcontract issues
pg. 4
FAC-C EXAM AND STUDY GUIDE NEWEST 2025 TEST
BANK| FAC-C PROCTORED EXAM WITH COMPLETE
850 REAL EXAM QUESTIONS AND CORRECT
VERIFIED ANSWERS/ GRADED A+ (MOST RECENT!!)
What two parties must administer the contract? -ANSWER- Buyer and
seller.
Which FAR/DFARS Part outlines the vast array of postaward activities
and responsibilities? -ANSWER- FAR Part 42 Contract Administration
and Audit Services; DFARS Part 242.
Whose responsibility is quality? -ANSWER- The seller.
Which FAR/DFARS Part covers policies and procedures as they relate to
subcontractors? -ANSWER- FAR Part 44 Subcontracting Policies and
Procedures
Which FAR Part covers changes to contracts? -ANSWER- FAR Part 43
Contract Modifications
Which FAR Part discusses termination of contracts? -ANSWER- FAR
Part 49 Termination of Contracts
pg. 1
,2|Page
Which FAR Part covers the closeout of government contract files? -
ANSWER- FAR 4.804 Closeout of Contract Files.
Which FAR Part covers the responsibilities associated with government
property prior to and through contract closeout? -ANSWER- FAR Part
45 Government Property.
Who is responsible for administering the contract? -ANSWER- The
buyer and the seller
What do most sellers have to support their contract performance? -
ANSWER- Supply Chain
Who is responsible for ensuring that sufficient funds are available for a
contract action? -ANSWER- CO
According FAR 1.102-2(c)(2) the contracting system should focus on
___ ___ instead of risk avoidance. -ANSWER- Risk management
The cost to the taxpayer of attempting to eliminate all risk is ___ -
ANSWER- Prohibitive.
All contractors and prospective contractors should be treated ___ and
___ but need not be treated the same. -ANSWER- Fairly; impartially
pg. 2
,3|Page
Definitions of words and terms in FAR 2.101 have the same meaning
throughout the entire FAR, unless-- -ANSWER- The context in which
the word or term is used clearly requires a different meaning; or another
FAR part, subpart, or section provides a different definition for the
particular part or portion of the part.
FAR Subpart 4.8 provides guidance on... -ANSWER- establishing,
maintaining, and disposing of government contract files.
Determination and Findings (FAR 1.701) -ANSWER- Are a special
form of written approval by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actions.
What document is used to justify a sole-source award? -ANSWER-
Justification and approval.
What form is used for a commercial product and commercial service
solicitation and contract? -ANSWER- SF 1449
What method must be used to disseminate information regarding a
proposed contract action exceeding $25,000? -ANSWER- Synopsizing
on GPE.
Contracting professionals must conduct themselves in a manner
consistent with the highest levels of ___, ___, and ___. -ANSWER-
Integrity, fairness, and openness.
pg. 3
, 4|Page
Contracting professionals must exhibit the highest levels of ___ ___ in
their dealings with customers, other members of the acquisition team,
and industry. -ANSWER- Ethical behavior
Which FAR part describes the Federal Government and DOD policies
and procedures that relate to subcontractors? -ANSWER- FAR Part 44
Subcontracting Policies and Procedures
As contract performance continues, ___ may be needed to the contract
arrangement. -ANSWER- Changes
Which FAR Part covers contract modifications? -ANSWER- FAR Part
43 Contract Modifications
Which FAR Part discusses the termination of contracts? -ANSWER-
FAR Part 49 Termination of Contracts
___ ___ is the process of verifying all the requirements of the contract
are satisfied, settling unresolved matters, and reconciling the contract to
make final payment. -ANSWER- Contract Closeout
Contract closeout tasks include: -ANSWER- (1) Validation of
completion of contract requirements
(2) Disposition of property
(3) Settling subcontract issues
pg. 4
