Exam Study Guide (Latest Update 2026 /
2027) questions and Verified Answers
100% Correct
Scope: (1) Defines words and terms that are frequently used in the FAR;
(2) Provides cross-references to other definitions in the FAR of the same word or
term; and
(3) Provides for the incorporation of these definitions in solicitations and contracts by
reference.
FAR Part 3 - correct answer Improper Business Practices and Personal Conflicts of
Interest
Scope of Part: This part prescribes policies and procedures for avoiding improper
business practices and personal conflicts of interest and for dealing with their
apparent or actual occurrence.
FAR Part 4 - correct answer Administrative and Information Matters
, Scope of Part: This part prescribes policies and procedures relating to the
administrative aspects of contract execution, contractor-submitted paper documents,
distribution, reporting, retention, and files.
FAR Part 5 - correct answer Publicizing Contract Actions
Scope of Part: This part prescribes policies and procedures for publicizing contract
opportunities and award information.
FAR Part 6 - correct answer Competition Requirements
FAR Part 7 - correct answer Acquisition Planning
FAR Part 8 - correct answer Required Sources of Supplies and Services
FAR Part 10 - correct answer Market research