CON 1100V — Contract Foundational Skills:
Guiding Principles
Questions and Answers| Latest
CON 1100V–ExamPage 1
, 1. According to FAR 1.102(a), the vision for the Federal Acquisition
System is to:
A. Award contracts to the lowest bidder in every case
B. Deliver on a timely basis the best value product or service to the
customer, while maintaining the public's trust and fulfilling public policy
objectives
C. Minimize the number of contracts awarded each year
D. Ensure only large businesses receive federal contracts
Answer: B — Deliver on a timely basis the best value product or service
to the customer, while maintaining the public's trust and fulfilling public
policy objectives
Rationale: FAR 1.102(a) states the vision is to deliver best value on a timely
basis while maintaining the public's trust and fulfilling public policy objectives.
2. Under FAR 1.102(a), participants in the acquisition process should:
A. Work independently to avoid conflicts of interest
B. Work together as a team and be empowered to make decisions within
their area of responsibility
C. Escalate every decision to the head of the contracting activity
D. Avoid communicating with the customer
Answer: B — Work together as a team and be empowered to make
decisions within their area of responsibility
Rationale: FAR 1.102(a) directs that acquisition participants should work
together as a team and be empowered to make decisions within their area
of responsibility.
3. Per FAR 1.102(b), the Federal Acquisition System will satisfy the
customer in terms of cost, quality, and timeliness by, among other
things:
CON 1100V–ExamPage 2
, A. Avoiding competition whenever possible
B. Maximizing the use of commercial products and commercial services,
and promoting competition
C. Restricting the use of contractors with strong past performance
D. Using only sole-source contracts
Answer: B — Maximizing the use of commercial products and
commercial services, and promoting competition
Rationale: FAR 1.102(b)(1) lists maximizing use of commercial
products/services, using contractors with a track record of successful past
performance, and promoting competition as ways to satisfy the customer.
4. Which of the following is one of the four things the Federal
Acquisition System "will" do, per FAR 1.102(b)?
A. Maximize administrative operating costs
B. Minimize administrative operating costs
C. Eliminate all public policy objectives from consideration
D. Avoid conducting business with integrity
Answer: B — Minimize administrative operating costs
Rationale: FAR 1.102(b)(2) states the system will minimize administrative
operating costs, alongside satisfying the customer, conducting business with
integrity/fairness/openness, and fulfilling public policy objectives.
5. Per FAR 1.102(b)(3), the Federal Acquisition System will conduct
business with:
A. Speed above all other considerations
B. Integrity, fairness, and openness
C. Minimal documentation
D. Preference toward incumbent contractors only
Answer: B — Integrity, fairness, and openness
Rationale: FAR 1.102(b)(3) specifically calls for conducting business with
integrity, fairness, and openness.
CON 1100V–ExamPage 3
, 6. Under FAR 1.102(c), the "Acquisition Team" is defined as consisting
of:
A. Only contracting officers and contract specialists
B. All participants in Government acquisition, including technical, supply,
and procurement communities, the customers they serve, and the
contractors who provide the products/services
C. Only Government employees, excluding contractors
D. Only senior leadership within an agency
Answer: B — All participants in Government acquisition, including
technical, supply, and procurement communities, the customers they
serve, and the contractors who provide the products/services
Rationale: FAR 1.102(c) broadly defines the Acquisition Team to include
technical, supply, and procurement communities, the customers served, and
the contractors providing products/services.
7. According to FAR 1.102(d), the role of each member of the
Acquisition Team is to:
A. Follow rigid, unvarying procedures regardless of circumstances
B. Exercise personal initiative and sound business judgment in providing
the best value product or service to meet the customer's needs
C. Avoid taking any independent action without written authorization
D. Focus solely on minimizing contractor profit
Answer: B — Exercise personal initiative and sound business judgment
in providing the best value product or service to meet the customer's
needs
Rationale: FAR 1.102(d) emphasizes personal initiative and sound business
judgment by Acquisition Team members in delivering best value to meet
customer needs.
8. Per FAR 1.102(d), a Government member of the Acquisition Team
may generally assume a strategy, practice, policy, or procedure is
permissible if it is:
A. Explicitly required by an outdated agency memo
CON 1100V–ExamPage 4
Guiding Principles
Questions and Answers| Latest
CON 1100V–ExamPage 1
, 1. According to FAR 1.102(a), the vision for the Federal Acquisition
System is to:
A. Award contracts to the lowest bidder in every case
B. Deliver on a timely basis the best value product or service to the
customer, while maintaining the public's trust and fulfilling public policy
objectives
C. Minimize the number of contracts awarded each year
D. Ensure only large businesses receive federal contracts
Answer: B — Deliver on a timely basis the best value product or service
to the customer, while maintaining the public's trust and fulfilling public
policy objectives
Rationale: FAR 1.102(a) states the vision is to deliver best value on a timely
basis while maintaining the public's trust and fulfilling public policy objectives.
2. Under FAR 1.102(a), participants in the acquisition process should:
A. Work independently to avoid conflicts of interest
B. Work together as a team and be empowered to make decisions within
their area of responsibility
C. Escalate every decision to the head of the contracting activity
D. Avoid communicating with the customer
Answer: B — Work together as a team and be empowered to make
decisions within their area of responsibility
Rationale: FAR 1.102(a) directs that acquisition participants should work
together as a team and be empowered to make decisions within their area
of responsibility.
3. Per FAR 1.102(b), the Federal Acquisition System will satisfy the
customer in terms of cost, quality, and timeliness by, among other
things:
CON 1100V–ExamPage 2
, A. Avoiding competition whenever possible
B. Maximizing the use of commercial products and commercial services,
and promoting competition
C. Restricting the use of contractors with strong past performance
D. Using only sole-source contracts
Answer: B — Maximizing the use of commercial products and
commercial services, and promoting competition
Rationale: FAR 1.102(b)(1) lists maximizing use of commercial
products/services, using contractors with a track record of successful past
performance, and promoting competition as ways to satisfy the customer.
4. Which of the following is one of the four things the Federal
Acquisition System "will" do, per FAR 1.102(b)?
A. Maximize administrative operating costs
B. Minimize administrative operating costs
C. Eliminate all public policy objectives from consideration
D. Avoid conducting business with integrity
Answer: B — Minimize administrative operating costs
Rationale: FAR 1.102(b)(2) states the system will minimize administrative
operating costs, alongside satisfying the customer, conducting business with
integrity/fairness/openness, and fulfilling public policy objectives.
5. Per FAR 1.102(b)(3), the Federal Acquisition System will conduct
business with:
A. Speed above all other considerations
B. Integrity, fairness, and openness
C. Minimal documentation
D. Preference toward incumbent contractors only
Answer: B — Integrity, fairness, and openness
Rationale: FAR 1.102(b)(3) specifically calls for conducting business with
integrity, fairness, and openness.
CON 1100V–ExamPage 3
, 6. Under FAR 1.102(c), the "Acquisition Team" is defined as consisting
of:
A. Only contracting officers and contract specialists
B. All participants in Government acquisition, including technical, supply,
and procurement communities, the customers they serve, and the
contractors who provide the products/services
C. Only Government employees, excluding contractors
D. Only senior leadership within an agency
Answer: B — All participants in Government acquisition, including
technical, supply, and procurement communities, the customers they
serve, and the contractors who provide the products/services
Rationale: FAR 1.102(c) broadly defines the Acquisition Team to include
technical, supply, and procurement communities, the customers served, and
the contractors providing products/services.
7. According to FAR 1.102(d), the role of each member of the
Acquisition Team is to:
A. Follow rigid, unvarying procedures regardless of circumstances
B. Exercise personal initiative and sound business judgment in providing
the best value product or service to meet the customer's needs
C. Avoid taking any independent action without written authorization
D. Focus solely on minimizing contractor profit
Answer: B — Exercise personal initiative and sound business judgment
in providing the best value product or service to meet the customer's
needs
Rationale: FAR 1.102(d) emphasizes personal initiative and sound business
judgment by Acquisition Team members in delivering best value to meet
customer needs.
8. Per FAR 1.102(d), a Government member of the Acquisition Team
may generally assume a strategy, practice, policy, or procedure is
permissible if it is:
A. Explicitly required by an outdated agency memo
CON 1100V–ExamPage 4
