FAC-C Proctored EXAM WITH
COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) | ALREADY
GRADED A+ | PROFESSOR VERIFIED |
BRANDNEW!!!
Description: This section covers the basic principles of federal acquisition,
including the definition of a contract, the roles of the contracting officer, and the
ethical standards required in the acquisition workforce.
Keywords: FAC-C, Contracting Officer, Ethics, Federal Acquisition Regulation, FAR
Part 1, Authority, Responsibility
Q1. What is the primary purpose of the Federal Acquisition Regulation (FAR)?
A) To provide guidance to contractors on how to bid on federal projects.
B) To establish uniform policies and procedures for acquisition by all executive agencies.
✅
C) To outline the criminal penalties for fraud in government contracting.
D) To serve as a marketing tool for small businesses.
Q2. Which individual has the authority to enter into, administer, or terminate
contracts on behalf of the government?
A) The Program Manager
B) The Contract Specialist
C) The Contracting Officer ✅
D) The Auditor
,Q3. What is the primary responsibility of a Contracting Officer’s Representative
(COR)?
A) To sign the contract on behalf of the government.
B) To assist the Contracting Officer in the technical monitoring of the contract. ✅
C) To negotiate the final price of the contract.
D) To terminate the contract for convenience.
Q4. Which of the following is a key ethical principle for federal acquisition
personnel?
A) Accepting gifts from contractors under $50.
B) Using public office for private gain.
C) Avoiding any conflict of interest, even the appearance of one. ✅
D) Giving preferential treatment to former employers.
Q5. The authority of a Contracting Officer is derived from:
A) The Program Manager.
B) The Constitution and statutory delegation. ✅
C) The contractor’s proposal.
D) The agency’s annual budget.
Q6. What is a "ratification" in the context of federal contracting?
A) The process of approving a contractor’s invoice.
B) The approval of an unauthorized commitment made by an individual without
authority. ✅
C) The formal acceptance of a contract by the government.
D) The process of extending a contract’s period of performance.
Q7. Which FAR part provides the definition of a "contract"?
A) FAR Part 1
B) FAR Part 2 ✅
C) FAR Part 7
D) FAR Part 15
,Q8. A "contract" is defined as a mutually binding legal relationship obligating the
seller to furnish supplies or services and the buyer to pay for them. This is found
in:
A) FAR 1.601
B) FAR 2.101 ✅
C) FAR 3.104
D) FAR 5.101
Q9. What is the "color of authority" concept?
A) The authority a contractor believes they have.
B) The authority a government employee appears to have but does not legally possess.
✅
C) The authority granted to a COR in writing.
D) The authority of the Head of Contracting Activity.
Q10. Which of the following is NOT a core principle of the FAR?
A) Maximize the use of commercial products.
B) Promote competition.
C) Ensure the highest possible profit for contractors. ✅
D) Conduct business with integrity and fairness.
Title: FAC-C Proctored Exam Bank – Section 2: Acquisition Planning
Description: This section focuses on the process of developing a comprehensive
plan for an acquisition, including market research, requirements definition, and
the acquisition team’s roles.
Keywords: Acquisition Planning, Market Research, Requirements, Acquisition
Team, FAR Part 7, Statement of Work, Independent Government Cost Estimate
Q11. What is the primary purpose of acquisition planning?
A) To ensure the lowest possible price is paid.
B) To integrate the efforts of all personnel responsible for an acquisition to satisfy the
, agency’s need in a timely manner. ✅
C) To create a document that satisfies the budget office.
D) To eliminate the need for competition.
Q12. Which of the following is NOT a key member of the acquisition team?
A) The Contracting Officer
B) The Program Manager
C) The Contractor’s CEO ✅
D) The Legal Counsel
Q13. Market research is required for:
A) Only acquisitions over the simplified acquisition threshold.
B) Only acquisitions for commercial items.
C) All acquisitions, to determine the most suitable approach. ✅
D) Only when the Contracting Officer deems it necessary.
Q14. A Performance Work Statement (PWS) is best used when:
A) The requirement is clearly defined and the method of performance is known.
B) The requirement is performance-based and the government wants to allow the
contractor to propose the best method. ✅
C) The government wants to specify the exact number of hours and personnel.
D) The acquisition is for a simple, off-the-shelf item.
Q15. What is an Independent Government Cost Estimate (IGCE)?
A) A binding offer from the contractor.
B) The government’s estimate of the probable cost of an acquisition. ✅
C) The final price negotiated with the contractor.
D) A budget request submitted to Congress.
Q16. Which FAR part governs acquisition planning?
A) FAR Part 5
B) FAR Part 7 ✅
COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (100%
VERIFIED ANSWERS) | ALREADY
GRADED A+ | PROFESSOR VERIFIED |
BRANDNEW!!!
Description: This section covers the basic principles of federal acquisition,
including the definition of a contract, the roles of the contracting officer, and the
ethical standards required in the acquisition workforce.
Keywords: FAC-C, Contracting Officer, Ethics, Federal Acquisition Regulation, FAR
Part 1, Authority, Responsibility
Q1. What is the primary purpose of the Federal Acquisition Regulation (FAR)?
A) To provide guidance to contractors on how to bid on federal projects.
B) To establish uniform policies and procedures for acquisition by all executive agencies.
✅
C) To outline the criminal penalties for fraud in government contracting.
D) To serve as a marketing tool for small businesses.
Q2. Which individual has the authority to enter into, administer, or terminate
contracts on behalf of the government?
A) The Program Manager
B) The Contract Specialist
C) The Contracting Officer ✅
D) The Auditor
,Q3. What is the primary responsibility of a Contracting Officer’s Representative
(COR)?
A) To sign the contract on behalf of the government.
B) To assist the Contracting Officer in the technical monitoring of the contract. ✅
C) To negotiate the final price of the contract.
D) To terminate the contract for convenience.
Q4. Which of the following is a key ethical principle for federal acquisition
personnel?
A) Accepting gifts from contractors under $50.
B) Using public office for private gain.
C) Avoiding any conflict of interest, even the appearance of one. ✅
D) Giving preferential treatment to former employers.
Q5. The authority of a Contracting Officer is derived from:
A) The Program Manager.
B) The Constitution and statutory delegation. ✅
C) The contractor’s proposal.
D) The agency’s annual budget.
Q6. What is a "ratification" in the context of federal contracting?
A) The process of approving a contractor’s invoice.
B) The approval of an unauthorized commitment made by an individual without
authority. ✅
C) The formal acceptance of a contract by the government.
D) The process of extending a contract’s period of performance.
Q7. Which FAR part provides the definition of a "contract"?
A) FAR Part 1
B) FAR Part 2 ✅
C) FAR Part 7
D) FAR Part 15
,Q8. A "contract" is defined as a mutually binding legal relationship obligating the
seller to furnish supplies or services and the buyer to pay for them. This is found
in:
A) FAR 1.601
B) FAR 2.101 ✅
C) FAR 3.104
D) FAR 5.101
Q9. What is the "color of authority" concept?
A) The authority a contractor believes they have.
B) The authority a government employee appears to have but does not legally possess.
✅
C) The authority granted to a COR in writing.
D) The authority of the Head of Contracting Activity.
Q10. Which of the following is NOT a core principle of the FAR?
A) Maximize the use of commercial products.
B) Promote competition.
C) Ensure the highest possible profit for contractors. ✅
D) Conduct business with integrity and fairness.
Title: FAC-C Proctored Exam Bank – Section 2: Acquisition Planning
Description: This section focuses on the process of developing a comprehensive
plan for an acquisition, including market research, requirements definition, and
the acquisition team’s roles.
Keywords: Acquisition Planning, Market Research, Requirements, Acquisition
Team, FAR Part 7, Statement of Work, Independent Government Cost Estimate
Q11. What is the primary purpose of acquisition planning?
A) To ensure the lowest possible price is paid.
B) To integrate the efforts of all personnel responsible for an acquisition to satisfy the
, agency’s need in a timely manner. ✅
C) To create a document that satisfies the budget office.
D) To eliminate the need for competition.
Q12. Which of the following is NOT a key member of the acquisition team?
A) The Contracting Officer
B) The Program Manager
C) The Contractor’s CEO ✅
D) The Legal Counsel
Q13. Market research is required for:
A) Only acquisitions over the simplified acquisition threshold.
B) Only acquisitions for commercial items.
C) All acquisitions, to determine the most suitable approach. ✅
D) Only when the Contracting Officer deems it necessary.
Q14. A Performance Work Statement (PWS) is best used when:
A) The requirement is clearly defined and the method of performance is known.
B) The requirement is performance-based and the government wants to allow the
contractor to propose the best method. ✅
C) The government wants to specify the exact number of hours and personnel.
D) The acquisition is for a simple, off-the-shelf item.
Q15. What is an Independent Government Cost Estimate (IGCE)?
A) A binding offer from the contractor.
B) The government’s estimate of the probable cost of an acquisition. ✅
C) The final price negotiated with the contractor.
D) A budget request submitted to Congress.
Q16. Which FAR part governs acquisition planning?
A) FAR Part 5
B) FAR Part 7 ✅
