FACC CERTIFICATION EXAM PRACTICE
QUESTIONS (2026) &CORRECT ANSWERS
WITH DETAILED RATIONALES
Acquisition Planning & Market Research
1. When should acquisition planning begin?
A) When a purchase request is received
B) When a statement of work is received
C) As soon as the agency need is identified
D) After the budget is approved
Correct Answer: C
Rationale: Acquisition planning should begin as soon as the agency need is
identified, well before a purchase request is submitted. Early planning allows
for thorough market research, requirements development, and acquisition
strategy formulation.
2. Market research is conducted during which phase of the acquisition?
A) Only during the requirements definition phase
B) Only during the solicitation phase
C) Only during the postaward phase
,D) All phases
Correct Answer: D
Rationale: Market research is a continuous process that occurs throughout all
phases of the acquisition lifecycle, from identifying the requirement through
contract closeout.
3. Which of the following reflects correct market research policy?
A) Satisfies the contracting officer's fair and reasonable price determination
B) Begins once the requirements documents have been developed and are
ready for solicitation
C) Ends at contract award
D) Aids in determining if sources capable of satisfying the agency's
requirements exist
Correct Answer: D
Rationale: Market research helps determine if sources capable of satisfying
the agency's requirements exist. It is not limited to price determination, does
not begin after requirements are developed, and continues beyond contract
award.
4. Which statement is true regarding how agencies shall conduct market
research?
A) In the same manner for all acquisitions for consistency purposes
B) Only if unsure of adequate competition
C) Appropriate to the circumstances
D) Until release of the solicitation
, Correct Answer: C
Rationale: Agencies shall conduct market research appropriate to the
circumstances. The level and detail of market research should be proportional
to the complexity and dollar value of the acquisition.
5. Which FAR part deals with market research?
A) FAR Part 7
B) FAR Part 8
C) FAR Part 9
D) FAR Part 10
Correct Answer: D
Rationale: FAR Part 10 provides the policies and procedures for conducting
market research to support the acquisition process.
6. Where in the FAR can you find guidance on how to establish, maintain, and
dispose of government contract files?
A) FAR Part 4
B) FAR Part 5
C) FAR Part 6
D) FAR Part 7
Correct Answer: A
Rationale: FAR Part 4 provides guidance on administrative matters, including
the establishment, maintenance, and disposition of government contract files.
7. Describing agency needs should serve which of the following purposes?
QUESTIONS (2026) &CORRECT ANSWERS
WITH DETAILED RATIONALES
Acquisition Planning & Market Research
1. When should acquisition planning begin?
A) When a purchase request is received
B) When a statement of work is received
C) As soon as the agency need is identified
D) After the budget is approved
Correct Answer: C
Rationale: Acquisition planning should begin as soon as the agency need is
identified, well before a purchase request is submitted. Early planning allows
for thorough market research, requirements development, and acquisition
strategy formulation.
2. Market research is conducted during which phase of the acquisition?
A) Only during the requirements definition phase
B) Only during the solicitation phase
C) Only during the postaward phase
,D) All phases
Correct Answer: D
Rationale: Market research is a continuous process that occurs throughout all
phases of the acquisition lifecycle, from identifying the requirement through
contract closeout.
3. Which of the following reflects correct market research policy?
A) Satisfies the contracting officer's fair and reasonable price determination
B) Begins once the requirements documents have been developed and are
ready for solicitation
C) Ends at contract award
D) Aids in determining if sources capable of satisfying the agency's
requirements exist
Correct Answer: D
Rationale: Market research helps determine if sources capable of satisfying
the agency's requirements exist. It is not limited to price determination, does
not begin after requirements are developed, and continues beyond contract
award.
4. Which statement is true regarding how agencies shall conduct market
research?
A) In the same manner for all acquisitions for consistency purposes
B) Only if unsure of adequate competition
C) Appropriate to the circumstances
D) Until release of the solicitation
, Correct Answer: C
Rationale: Agencies shall conduct market research appropriate to the
circumstances. The level and detail of market research should be proportional
to the complexity and dollar value of the acquisition.
5. Which FAR part deals with market research?
A) FAR Part 7
B) FAR Part 8
C) FAR Part 9
D) FAR Part 10
Correct Answer: D
Rationale: FAR Part 10 provides the policies and procedures for conducting
market research to support the acquisition process.
6. Where in the FAR can you find guidance on how to establish, maintain, and
dispose of government contract files?
A) FAR Part 4
B) FAR Part 5
C) FAR Part 6
D) FAR Part 7
Correct Answer: A
Rationale: FAR Part 4 provides guidance on administrative matters, including
the establishment, maintenance, and disposition of government contract files.
7. Describing agency needs should serve which of the following purposes?
