Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 4 out of 53 pages
Exam (elaborations)

FAC-C Test Prep Study Guide Questions and Answers with Complete Solutions UPDATED 2024

Document preview thumbnail
Preview 4 out of 53 pages

Who develops a solicitation? (Select all that are correct) The Government The offeror The seller The buyer -Correct Answer The Government and The buyer are the correct answers. Who prepares an offer? (Select all that is correct) The Government The contractor The seller The buyer -Correct Answer The contractor and The seller are the correct answers During the post-award phase while the contract is being performed, who has responsibility for quality? The Seller The Buyer -Correct Answer The Seller Where in the FAR is: Personal conflict of interest? FAR part 3 FAR part 9 FAR part 13 -Correct Answer Guidance provided in FAR part 3 Where in the FAR is: Organizational conflict of interest? FAR part 12 FAR part 9 FAR part 19 -Correct Answer Guidance provided in FAR Part 9 Openness for the contracting officer applies primarily to? (Select all that apply) The Acquisition Team Contractors Offerors The Contracting Team -Correct Answer The Acquisition Team, Contractors, Offerors and The Contracting Team are the correct answers. You need to document a business decision, such as the use of a specific contract type. What document will you create? A Justification and Approval A Determination and Findings A Memorandum for Record A Statement of Fact -Correct Answer A Determination and Findings is the correct answer. At the conclusion of negotiations, the contracting officer will complete a -Correct Answer A Price Negotiation Memorandum is the correct answer. Prior to negotiating a sole source contract, the contracting officer must complete a: Negotiation Completion Memorandum Price Objective Memorandum Price Negotiation Memorandum Justification and Approval -Correct Answer Justification and Approval True or False: Government business shall be conducted in a manner that is above reproach, with complete impartiality, and with preferential treatment for none. -Correct Answer True True or False: No person or other entity may disclose contractor bid or proposal information or source selection information to any person other than a person authorized, in accordance with applicable agency regulations or procedures, by the agency head or the contracting officer to receive such information. -Correct Answer True The Anti-Kickback Act of 1986 prohibits any person from- (select all that apply) Providing, attempting to provide, or offering to provide any kickback Accepting a gift of over $100 throughout the course of a calendar year. Soliciting, accepting, or attempting to accept any kickback Including, directly or indirectly, the amount of any kickback in the contract price charged by a subcontractor to a prime contractor or a higher tier subcontractor or in the contract price charged by a prime contractor to the United States. -Correct Answer Providing, attempting to provide, or offering to provide any kickback, Soliciting, accepting, or attempting to accept any kickback and Including, directly or indirectly, the amount of any kickback in the contract price charged by a subcontractor to a prime contractor or a higher tier subcontractor or in the contract price charged by a prime contractor to the United States are the correct selections. True or False: Federal employees are prohibited from soliciting or accepting gifts offered "because of the employee's official position" or gifts offered by a "prohibited source." -Correct Answer True True or False: A "personal conflict of interest" is a situation where an individual is employed by a defense contractor company and is in a position to materially influence DOD's recommendations and/or decisions and, because of his/her personal activities, relationships, or financial interests, may lack or appear to lack objectivity or appear to be unduly influenced by personal financial interest. -Correct Answer True What are the broad categories of OCI: (select all that apply). Source Selection Sensitive Unequal access Impaired Objectivity Biased Ground Rules -Correct Answer Unequal access Impaired Objectivity

Content preview

FAC-C Test Prep



FAC-C Test Prep Study Guide Questions
and Answers with Complete Solutions
UPDATED 2024
Who develops a solicitation? (Select all that are correct)

The Government

The offeror

The seller

The buyer -Correct Answer ✔The Government and The buyer are the correct answers.

Who prepares an offer? (Select all that is correct)

The Government

The contractor

The seller

The buyer -Correct Answer ✔The contractor and The seller are the correct answers

During the post-award phase while the
contract is being performed, who has
responsibility for quality?

The Seller
The Buyer -Correct Answer ✔The Seller

Where in the FAR is: Personal conflict of interest?

FAR part 3
FAR part 9
FAR part 13 -Correct Answer ✔Guidance provided in FAR part 3

Where in the FAR is: Organizational conflict of interest?

FAR part 12
FAR part 9
FAR part 19 -Correct Answer ✔Guidance provided in FAR Part 9



FAC-C Test Prep

,FAC-C Test Prep


Openness for the contracting officer applies primarily to? (Select all that apply)

The Acquisition Team

Contractors

Offerors

The Contracting Team -Correct Answer ✔The Acquisition Team, Contractors, Offerors
and The Contracting Team are the correct answers.

You need to document a business decision, such as the use of a specific contract type.
What document will you create?

A Justification and Approval

A Determination and Findings

A Memorandum for Record

A Statement of Fact -Correct Answer ✔A Determination and Findings is the correct
answer.

At the conclusion of negotiations, the contracting officer will complete a -Correct Answer
✔A Price Negotiation Memorandum is the correct answer.

Prior to negotiating a sole source contract, the contracting officer must complete a:

Negotiation Completion Memorandum

Price Objective Memorandum

Price Negotiation Memorandum

Justification and Approval -Correct Answer ✔Justification and Approval

True or False:

Government business shall be conducted in a manner that is above reproach, with
complete impartiality, and with preferential treatment for none. -Correct Answer ✔True

True or False:

No person or other entity may disclose contractor bid or proposal information or source
selection information to any person other than a person authorized, in accordance with



FAC-C Test Prep

,FAC-C Test Prep


applicable agency regulations or procedures, by the agency head or the contracting
officer to receive such information. -Correct Answer ✔True

The Anti-Kickback Act of 1986 prohibits any person from- (select all that apply)

Providing, attempting to provide, or offering to provide any kickback

Accepting a gift of over $100 throughout the course of a calendar year.

Soliciting, accepting, or attempting to accept any kickback

Including, directly or indirectly, the amount of any kickback in the contract price charged
by a subcontractor to a prime contractor or a higher tier subcontractor or in the contract
price charged by a prime contractor to the United States. -Correct Answer ✔Providing,
attempting to provide, or offering to provide any kickback, Soliciting, accepting, or
attempting to accept any kickback and Including, directly or indirectly, the amount of any
kickback in the contract price charged by a subcontractor to a prime contractor or a
higher tier subcontractor or in the contract price charged by a prime contractor to the
United States are the correct selections.

True or False:

Federal employees are prohibited from soliciting or accepting gifts offered "because of
the employee's official position" or gifts offered by a "prohibited source." -Correct
Answer ✔True

True or False:

A "personal conflict of interest" is a situation where an individual is employed by a
defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity or appear to
be unduly influenced by personal financial interest. -Correct Answer ✔True

What are the broad categories of OCI: (select all that apply).

Source Selection Sensitive

Unequal access

Impaired Objectivity

Biased Ground Rules -Correct Answer ✔Unequal access

Impaired Objectivity



FAC-C Test Prep

, FAC-C Test Prep


Biased Ground Rules

There are three basic approaches available to contractors and the Agency for dealing
with OCI issues, as follows: (select all that apply).

Avoid

Neutralize

Substantiate

Mitigate -Correct Answer ✔Avoid

Neutralize

Mitigate

The vision of the Federal Acquisition System consists of: (select 2)

Acquisition process participants should work together as a team, but decision-making
should be at a higher level.

Deliver on a timely basis the best-value products and services to the customer.

Maintain the public's trust and fulfill public policy objectives. -Correct Answer ✔Deliver
on a timely basis the best-value products and services to the customer and maintain the
public's trust and fulfill public policy objectives are the correct answers.

Contracting Life-cycle costs consist of the following (select 4):

Acquisition costs

Supporting costs

Entertainment costs

Disposal costs

Operating costs -Correct Answer ✔Acquisition costs, supporting costs, disposal costs,
and operating costs are the correct answers.

Market research shall be conducted:

Only after release of a solicitation but prior to receiving proposals.

Only after receiving proposals, but prior to making award.


FAC-C Test Prep

Document information

Uploaded on
October 11, 2024
Number of pages
53
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
$14.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
PossibleA
3.9
(149)
Sold
1063
Followers
651
Items
13881
Last sold
1 day ago


Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions