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CON 3990V CONTRACTING CERTIFICATION EXAM PRACTICE TEST | VERIFIED QUESTIONS WITH CORRECT ANSWERS & DETAILED RATIONALES | 2026 UPDATED STUDY GUIDE MOST RECENT

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CON 3990V CONTRACTING CERTIFICATION EXAM PRACTICE TEST | VERIFIED QUESTIONS WITH CORRECT ANSWERS & DETAILED RATIONALES | 2026 UPDATED STUDY GUIDE MOST RECENT

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CON 3990V CONTRACTING CERTIFICATION EXAM
PRACTICE TEST | VERIFIED QUESTIONS WITH
CORRECT ANSWERS & DETAILED RATIONALES |
2026 UPDATED STUDY GUIDE MOST RECENT



1. Which FAR Part establishes the guiding principles for the Federal Acquisition
Regulation System?
A. FAR Part 2
B. FAR Part 1
C. FAR Part 3
D. FAR Part 4
Rationale: FAR Part 1 establishes the purpose, authority, guiding principles, and
responsibilities for the Federal Acquisition Regulation system.
2. What is the primary purpose of acquisition planning?
A. Increase competition protests
B. Ensure the Government satisfies its needs in the most effective, economical,
and timely manner
C. Reduce contractor participation
D. Eliminate market research
*Rationale: Acquisition planning promotes efficient procurement while meeting
mission requirements.
3. Which FAR Part covers Acquisition Planning?
A. FAR Part 5
B. FAR Part 6
C. FAR Part 7
D. FAR Part 8

,*Rationale: FAR Part 7 establishes policies and procedures for acquisition planning.
4. Market research should generally be performed:
A. After contract award
B. Only for commercial products
C. Before developing acquisition requirements
D. Only after protests are resolved
*Rationale: Market research supports sound acquisition planning and strategy
development.
5. Which FAR Part governs Market Research?
A. FAR Part 8
B. FAR Part 10
C. FAR Part 12
D. FAR Part 13
*Rationale: FAR Part 10 provides requirements for conducting market research.
6. Which acquisition method is generally preferred when commercial products
or services are available?
A. Cost-reimbursement contracts
B. Sealed bidding only
C. Commercial product acquisition procedures
D. Other Transaction Authority
*Rationale: Commercial acquisition procedures streamline procurement when
appropriate.
7. Which FAR Part addresses Acquisition of Commercial Products and
Commercial Services?
A. FAR Part 10
B. FAR Part 11
C. FAR Part 12
D. FAR Part 15

, *Rationale: FAR Part 12 governs commercial acquisitions.
8. Simplified Acquisition Procedures are primarily intended to:
A. Eliminate competition
B. Increase documentation requirements
C. Reduce administrative costs and improve efficiency
D. Require formal source selection boards
*Rationale: Simplified procedures improve efficiency while maintaining
competition whenever practicable.
9. Which FAR Part covers Simplified Acquisition Procedures?
A. FAR Part 8
B. FAR Part 12
C. FAR Part 13
D. FAR Part 15
*Rationale: FAR Part 13 establishes policies for simplified acquisitions.
10.Negotiated procurements are primarily governed by:
A. FAR Part 6
B. FAR Part 12
C. FAR Part 13
D. FAR Part 15
*Rationale: FAR Part 15 provides procedures for contracting by negotiation.
11.Best value source selection emphasizes:
A. Lowest price only
B. Random contractor selection
C. An integrated assessment of price and non-price factors
D. Past performance only
*Rationale: Best value considers multiple evaluation factors.
12.Which contract type places the greatest cost risk on the contractor?

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