FAC 023 COMPREHENSIVE STUDY
GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ T01.E06You have a requirement for water restoration services at your base
in Louisiana. Three services are of a type sold competitively in substantial
quantities in the commercial marketplace base on market prices. The
estimated dollar value of the acquisition is $1,250,000.Which of the
following is true?.
Answer: the use of simplified acquisition procedures is authorized.
◍ T03.E03aYou are the contracting office for a firm-fixed-price purchase
order for commercial supplies with a value of $565,000. Two weeks after
delivery and acceptance of the items, the user complains that the goods are
not functioning as expected. You Investigate and determine that the items
are not fully compliant with the specification in the contract. who would
bear the cost of correcting the nonconforming supplies that were accepted
by the Government?.
Answer: The Contractor
◍ T02.E05bYou just made a purchase for supplies in the amount of $22,300.
You solicited quotations orally from four local sources. Which of the
following statements is correct regarding providing notice to the
unsuccessful suppliers?.
Answer: Notice to the unsuccessful suppliers will only be given if requested.
◍ An LOA must be prepared for all the following reasons EXCEPT
__________..
Answer: Establish the jurisdictional boundaries for each operational
position/sector
, ◍ What type of airport sign is displayed in the following image? (18 Yellow
on Black, it's where you're at)..
Answer: Runway location sign
◍ T02.E04You are the contracting officer for a requirement for commercial
services with and estimated value of $780,000. Four quotations were
received in response to the solicitation and market pricing is available.
Which one of the following statements about the price reasonableness
determination is most appropriate?.
Answer: Market research must be conducted or obtained to support the fair
and reasonable determination.
◍ T03.E02You are the contracting officer for a firm-fixed-priced services
contract valued at $105,975. Which one of the following statements about
closeout is correct?.
Answer: The contract is considered closed once you've received evidence of
receipt of service and final payment.
◍ T02.E03aWhich one of the following is NOT one of the first steps taken
when questions are received in response to a solicitation using SA
P. .
Answer: Reviewing the quotations for responsibility(1 of 3 known answers)
◍ T01.E04You have a requirement for administrative support with an
estimated value of $1,500,000. Market research shows numerous potential
offerors that are competitive in terms of market price quality, and delivery.
That list of potential offerors includes 4 small businesses and 8 large
businesses..
Answer: The entire acquisition must be set aside exclusively for small
business.
◍ T02.E01dYou are the contracting officer for a construction requirement with
and estimated value of $20,600. Access to the written solicitation will not be
provided in the GPE, and none of the exceptions are FAR 5.202 apply.
Which one of the following correctly describes the requirement for
publicizing this proposed contract action.?.
GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ T01.E06You have a requirement for water restoration services at your base
in Louisiana. Three services are of a type sold competitively in substantial
quantities in the commercial marketplace base on market prices. The
estimated dollar value of the acquisition is $1,250,000.Which of the
following is true?.
Answer: the use of simplified acquisition procedures is authorized.
◍ T03.E03aYou are the contracting office for a firm-fixed-price purchase
order for commercial supplies with a value of $565,000. Two weeks after
delivery and acceptance of the items, the user complains that the goods are
not functioning as expected. You Investigate and determine that the items
are not fully compliant with the specification in the contract. who would
bear the cost of correcting the nonconforming supplies that were accepted
by the Government?.
Answer: The Contractor
◍ T02.E05bYou just made a purchase for supplies in the amount of $22,300.
You solicited quotations orally from four local sources. Which of the
following statements is correct regarding providing notice to the
unsuccessful suppliers?.
Answer: Notice to the unsuccessful suppliers will only be given if requested.
◍ An LOA must be prepared for all the following reasons EXCEPT
__________..
Answer: Establish the jurisdictional boundaries for each operational
position/sector
, ◍ What type of airport sign is displayed in the following image? (18 Yellow
on Black, it's where you're at)..
Answer: Runway location sign
◍ T02.E04You are the contracting officer for a requirement for commercial
services with and estimated value of $780,000. Four quotations were
received in response to the solicitation and market pricing is available.
Which one of the following statements about the price reasonableness
determination is most appropriate?.
Answer: Market research must be conducted or obtained to support the fair
and reasonable determination.
◍ T03.E02You are the contracting officer for a firm-fixed-priced services
contract valued at $105,975. Which one of the following statements about
closeout is correct?.
Answer: The contract is considered closed once you've received evidence of
receipt of service and final payment.
◍ T02.E03aWhich one of the following is NOT one of the first steps taken
when questions are received in response to a solicitation using SA
P. .
Answer: Reviewing the quotations for responsibility(1 of 3 known answers)
◍ T01.E04You have a requirement for administrative support with an
estimated value of $1,500,000. Market research shows numerous potential
offerors that are competitive in terms of market price quality, and delivery.
That list of potential offerors includes 4 small businesses and 8 large
businesses..
Answer: The entire acquisition must be set aside exclusively for small
business.
◍ T02.E01dYou are the contracting officer for a construction requirement with
and estimated value of $20,600. Access to the written solicitation will not be
provided in the GPE, and none of the exceptions are FAR 5.202 apply.
Which one of the following correctly describes the requirement for
publicizing this proposed contract action.?.
