CON 3990V Certification Exam Federal Acquisition
Regulation (FAR) Test Bank for Contracting
Professionals FAC-C / DAWIA Advanced Contracting
| 2026/2027 Academic Year
Instructions: This comprehensive examination consists of 200 multiple-choice
questions designed to assess your knowledge and readiness for the CON 3990V
Certification Exam. Select the best answer for each question. All questions are
weighted equally.
Time Allowed: 4 Hours
SECTION 1: ACQUISITION PLANNING & STRATEGY
1. The acquisition planning process begins with which of the following?
• A) Issuing the solicitation
• B) Conducting market research
• C) Awarding the contract
• D) Performing cost analysis
Answer: B
Rationale: Acquisition planning begins with market research (FAR Part 10).
Market research identifies available sources, commercial items, and helps
determine the most suitable acquisition approach. All other steps follow after
market research is completed.
2. Which of the following is a key component of an Acquisition Plan (AP)?
• A) Statement of Objectives (SOO)
• B) Contract closeout procedures only
, • C) Past performance evaluations
• D) Bid protest procedures
Answer: A
Rationale: The Statement of Objectives (SOO) is a key component of the
acquisition plan. It describes the high-level outcomes and objectives, allowing
officers to propose innovative solutions. FAR Part 7 requires acquisition plans for
all acquisitions exceeding certain thresholds.
3. Market research is required for acquisitions exceeding which dollar
threshold?
• A) $100,000
• B) $250,000
• C) $500,000
• D) $1,000,000
Answer: B
Rationale: FAR 10.001 requires market research for acquisitions exceeding the
simplified acquisition threshold ($250,000). Market research is also encouraged
for lower-dollar acquisitions and must be conducted before developing
specifications or soliciting offers.
4. What is the purpose of a Statement of Work (SOW)?
• A) To evaluate contractor past performance
• B) To describe the work to be performed
• C) To establish the contract price
• D) To select the source
Answer: B
Rationale: The Statement of Work (SOW) describes the specific tasks, deliverables,
and requirements to be performed by the contractor. It is a critical document that
forms the basis for performance and evaluation. FAR Part 37 provides guidance
on service contracts.
,5. Which acquisition strategy emphasizes using commercial items to the
maximum extent possible?
• A) Performance-based acquisition
• B) Commercial item acquisition
• C) Cost-reimbursement contracting
• D) Sole-source procurement
Answer: B
Rationale: Commercial item acquisition is a strategy that emphasizes using
commercial items to the maximum extent possible. FAR Part 12 provides guidance
on acquiring commercial items, which are generally considered to have lower
acquisition costs and faster delivery.
6. What is the primary purpose of the Acquisition Plan (AP)?
• A) To document contract closeout
• B) To describe the overall acquisition strategy and approach
• C) To evaluate contractor performance
• D) To establish the contract price
Answer: B
Rationale: The Acquisition Plan (AP) describes the overall acquisition strategy,
approach, and key milestones. It serves as a roadmap for the acquisition from
planning through award and administration.
7. FAR Part 7 addresses which of the following?
• A) Contract pricing
• B) Acquisition planning
• C) Contract administration
• D) Ethics
, Answer: B
Rationale: FAR Part 7 addresses Acquisition Planning. It provides guidance on
the development of acquisition plans, market research, and the overall acquisition
strategy.
8. What is the primary purpose of a "needs analysis" in acquisition planning?
• A) To determine the contract price
• B) To identify the requirement and determine the best acquisition
strategy
• C) To select the source
• D) To evaluate past performance
Answer: B
Rationale: A needs analysis identifies the requirement and helps determine the best
acquisition strategy. It ensures that the acquisition plan addresses the actual
mission needs and considers alternatives.
9. Which of the following is an example of a "performance-based" acquisition
strategy?
• A) Specifying exact materials to be used
• B) Defining outcomes and allowing contractors to propose solutions
• C) Specifying exact methods to be used
• D) Requiring specific labor categories
Answer: B
Rationale: Performance-based acquisition defines outcomes and allows
contractors to propose solutions. This approach encourages innovation and
reduces the need for detailed oversight.
10. What is the purpose of an Acquisition Strategy Panel?
• A) To review the acquisition plan and ensure it is complete
Regulation (FAR) Test Bank for Contracting
Professionals FAC-C / DAWIA Advanced Contracting
| 2026/2027 Academic Year
Instructions: This comprehensive examination consists of 200 multiple-choice
questions designed to assess your knowledge and readiness for the CON 3990V
Certification Exam. Select the best answer for each question. All questions are
weighted equally.
Time Allowed: 4 Hours
SECTION 1: ACQUISITION PLANNING & STRATEGY
1. The acquisition planning process begins with which of the following?
• A) Issuing the solicitation
• B) Conducting market research
• C) Awarding the contract
• D) Performing cost analysis
Answer: B
Rationale: Acquisition planning begins with market research (FAR Part 10).
Market research identifies available sources, commercial items, and helps
determine the most suitable acquisition approach. All other steps follow after
market research is completed.
2. Which of the following is a key component of an Acquisition Plan (AP)?
• A) Statement of Objectives (SOO)
• B) Contract closeout procedures only
, • C) Past performance evaluations
• D) Bid protest procedures
Answer: A
Rationale: The Statement of Objectives (SOO) is a key component of the
acquisition plan. It describes the high-level outcomes and objectives, allowing
officers to propose innovative solutions. FAR Part 7 requires acquisition plans for
all acquisitions exceeding certain thresholds.
3. Market research is required for acquisitions exceeding which dollar
threshold?
• A) $100,000
• B) $250,000
• C) $500,000
• D) $1,000,000
Answer: B
Rationale: FAR 10.001 requires market research for acquisitions exceeding the
simplified acquisition threshold ($250,000). Market research is also encouraged
for lower-dollar acquisitions and must be conducted before developing
specifications or soliciting offers.
4. What is the purpose of a Statement of Work (SOW)?
• A) To evaluate contractor past performance
• B) To describe the work to be performed
• C) To establish the contract price
• D) To select the source
Answer: B
Rationale: The Statement of Work (SOW) describes the specific tasks, deliverables,
and requirements to be performed by the contractor. It is a critical document that
forms the basis for performance and evaluation. FAR Part 37 provides guidance
on service contracts.
,5. Which acquisition strategy emphasizes using commercial items to the
maximum extent possible?
• A) Performance-based acquisition
• B) Commercial item acquisition
• C) Cost-reimbursement contracting
• D) Sole-source procurement
Answer: B
Rationale: Commercial item acquisition is a strategy that emphasizes using
commercial items to the maximum extent possible. FAR Part 12 provides guidance
on acquiring commercial items, which are generally considered to have lower
acquisition costs and faster delivery.
6. What is the primary purpose of the Acquisition Plan (AP)?
• A) To document contract closeout
• B) To describe the overall acquisition strategy and approach
• C) To evaluate contractor performance
• D) To establish the contract price
Answer: B
Rationale: The Acquisition Plan (AP) describes the overall acquisition strategy,
approach, and key milestones. It serves as a roadmap for the acquisition from
planning through award and administration.
7. FAR Part 7 addresses which of the following?
• A) Contract pricing
• B) Acquisition planning
• C) Contract administration
• D) Ethics
, Answer: B
Rationale: FAR Part 7 addresses Acquisition Planning. It provides guidance on
the development of acquisition plans, market research, and the overall acquisition
strategy.
8. What is the primary purpose of a "needs analysis" in acquisition planning?
• A) To determine the contract price
• B) To identify the requirement and determine the best acquisition
strategy
• C) To select the source
• D) To evaluate past performance
Answer: B
Rationale: A needs analysis identifies the requirement and helps determine the best
acquisition strategy. It ensures that the acquisition plan addresses the actual
mission needs and considers alternatives.
9. Which of the following is an example of a "performance-based" acquisition
strategy?
• A) Specifying exact materials to be used
• B) Defining outcomes and allowing contractors to propose solutions
• C) Specifying exact methods to be used
• D) Requiring specific labor categories
Answer: B
Rationale: Performance-based acquisition defines outcomes and allows
contractors to propose solutions. This approach encourages innovation and
reduces the need for detailed oversight.
10. What is the purpose of an Acquisition Strategy Panel?
• A) To review the acquisition plan and ensure it is complete
