FAC C Package EXAM Questions and
Answers Verified Solutions Latest
Update
Question:
Each authority is NOT delegable unless specifically stated otherwise.
Answer:
False
Question:
The contracting lifecycle consists of three phases:.
Answer:
Preaward, award, & postaward
Question:
The preaward phase involves:.
Answer:
All the work performed by both the buyer (Government or prime contractor) and seller
(contractor or subcontractor in communicating the buyer's requirements and providing
a solution to those requirements.
Question:
Typically start befor the contracting process:.
Answer:
Requirements definition, budgeting/funding process, and acquisition planning.
Question:
Which of the following are essential elements of a contract (select all that apply)?.
Answer:
Capacity, Mutual Asscent, and Lawful Purpose
,Question:
A contract is defined as a mutually binding legal relationship obligating the seller to
furnish the supplies or services (including construction) and the buyer to pay for them..
Answer:
True
Question:
Capacity is when each party either makes a promise or begins to render performance..
Answer:
False
Question:
Preaward phase consists of two primary activities:.
Answer:
Develop solicitation (Government) and develop offer (Contractor).
Question:
In planning the solicitation, the buying activity must:.
Answer:
Assess the need, analyze the requirement, ensure contract outcomes will be
measurable and properly incentivized, and verify the availability of funds.
Question:
What two FAR parts are key resources in developing the solicitation?.
Answer:
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
Question:
Buying activities must conduct ___ to identify potential suppliers, evaluate if the
requirement is achievable, and perform any pre-offer conferences or communication..
Answer:
Market Research
,Question:
What FAR part is a key resource for conducting Market Research?.
Answer:
FAR Part 10 Market Research
Question:
Market research can be__________.
Answer:
Strategic and Tactical
Question:
How do buying activities analyze risk?.
Answer:
Performing make or buy decisions; conducting a supply or services determination; and
understanding the required schedule or needs of the customer including the need for
property (including intellectual property).
Question:
The extent of market research will vary, depending on such factors as urgency,
estimated dollar value, complexity, and past experience..
Answer:
True
Question:
What FAR/DFARS resources can assist in analyzing risks?.
Answer:
FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
, Question:
Generally, unless an exception applies or is otherwise expressly authorized by statute,
Contracting Officers shall promote and provide for full and open competition in
soliciting offers and awarding Government contracts..
Answer:
True
Question:
What is the use of a procedure that is inconsistent with the FAR?.
Answer:
Deviation (See FAR 1.401(a))
Question:
Simplified Acquisition Procedures should.
Answer:
Promote competition to the maximum extent practicable
Question:
Primary FAR resource for information about contract types:.
Answer:
FAR Part 16 Types of Contracts
Question:
What type(s) of contracts can be awarded when acquiring commercial products.
Answer:
Only firm fixed price contracts or firm fixed with economic prices adjustment
Question:
Which FAR Part addresses publicizing contract actions?.
Answer:
FAR Part 5
Answers Verified Solutions Latest
Update
Question:
Each authority is NOT delegable unless specifically stated otherwise.
Answer:
False
Question:
The contracting lifecycle consists of three phases:.
Answer:
Preaward, award, & postaward
Question:
The preaward phase involves:.
Answer:
All the work performed by both the buyer (Government or prime contractor) and seller
(contractor or subcontractor in communicating the buyer's requirements and providing
a solution to those requirements.
Question:
Typically start befor the contracting process:.
Answer:
Requirements definition, budgeting/funding process, and acquisition planning.
Question:
Which of the following are essential elements of a contract (select all that apply)?.
Answer:
Capacity, Mutual Asscent, and Lawful Purpose
,Question:
A contract is defined as a mutually binding legal relationship obligating the seller to
furnish the supplies or services (including construction) and the buyer to pay for them..
Answer:
True
Question:
Capacity is when each party either makes a promise or begins to render performance..
Answer:
False
Question:
Preaward phase consists of two primary activities:.
Answer:
Develop solicitation (Government) and develop offer (Contractor).
Question:
In planning the solicitation, the buying activity must:.
Answer:
Assess the need, analyze the requirement, ensure contract outcomes will be
measurable and properly incentivized, and verify the availability of funds.
Question:
What two FAR parts are key resources in developing the solicitation?.
Answer:
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
Question:
Buying activities must conduct ___ to identify potential suppliers, evaluate if the
requirement is achievable, and perform any pre-offer conferences or communication..
Answer:
Market Research
,Question:
What FAR part is a key resource for conducting Market Research?.
Answer:
FAR Part 10 Market Research
Question:
Market research can be__________.
Answer:
Strategic and Tactical
Question:
How do buying activities analyze risk?.
Answer:
Performing make or buy decisions; conducting a supply or services determination; and
understanding the required schedule or needs of the customer including the need for
property (including intellectual property).
Question:
The extent of market research will vary, depending on such factors as urgency,
estimated dollar value, complexity, and past experience..
Answer:
True
Question:
What FAR/DFARS resources can assist in analyzing risks?.
Answer:
FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
, Question:
Generally, unless an exception applies or is otherwise expressly authorized by statute,
Contracting Officers shall promote and provide for full and open competition in
soliciting offers and awarding Government contracts..
Answer:
True
Question:
What is the use of a procedure that is inconsistent with the FAR?.
Answer:
Deviation (See FAR 1.401(a))
Question:
Simplified Acquisition Procedures should.
Answer:
Promote competition to the maximum extent practicable
Question:
Primary FAR resource for information about contract types:.
Answer:
FAR Part 16 Types of Contracts
Question:
What type(s) of contracts can be awarded when acquiring commercial products.
Answer:
Only firm fixed price contracts or firm fixed with economic prices adjustment
Question:
Which FAR Part addresses publicizing contract actions?.
Answer:
FAR Part 5
