CON 091 Questions and Answers 100% Pass

The FAR and What it Covers Part of a system established for the codification and publication of uniform policies and procedures for acquisition. *Federal Acquisition Regulation ( primary Doc) *Agency Acquisition Regulations (implement and supplement) * FAr is found in Charpter 1 of Title 48 of CFR What are the Essence of the FAR? *Rules *Polices and Procedures * General Standards * Not a "how to" guide for Acquiring goods and setvices. -sound Business judgment -Framed, or informrd, by rules, policies , and guidelines in the FAR Where can you find the FAR? * * *in print from the GPO or private publishersWhat agencies are subject to the FAR? The FAR applies to most executive agencies. The FAR does not apply to legislative branch agencies or judicial branch agencies, although agencies in the other branches of government (or otherwise not subject to the FAR) may adopt the FAR as a matter of policy, or promulgate or otherwise be subject to requirements like those in the FAR.The FAR does not directly regulate federal contractors or would-be federal contractors, although such vendors are affected by the application of the FAR's definitions, policies, procedures, and requirements by contracting officers What purchases are subject to the FAR? The FAR