FAC-C Certification Exam:
Government Contracting and FAR
Principles Questions And Answers
/. Which authority is legally binding in Government contracting and recognized by the
courts? - Answer-✅Actual Authority
/.In DoD contracting, who has the authority to enter into a legally binding contract? -
Answer-✅Contracting Officer
/.True or False: Each authority is NOT delegable unless specifically stated otherwise. -
Answer-✅False
/.Which of the following are essential elements of a contract? - Answer-✅Capacity,
Consideration, Mutual Assent, Lawful Purpose
/.True or False: A contract is defined as a mutually binding legal relationship obligating
the seller to furnish the supplies or services and the buyer to pay for them. - Answer-
✅True
/.True or False: Capacity is when each party either makes a promise or begins to render
performance. - Answer-✅False, Capacity is the ability to understand and appreciate the
terms of the contract.
/.Market research can be __________. - Answer-✅Both A and B (Strategic and
Tactical)
/.True or False: The extent of market research will vary, depending on such factors as
urgency, estimated dollar value, complexity, and past experience. - Answer-✅True
/.True or False: Contracting Officers shall promote and provide for full and open
competition in soliciting offers and awarding Government contracts unless an exception
applies. - Answer-✅True
/.Market Research is conducted during which phase of acquisition? - Answer-✅All
phases of the acquisition
/.What is the use of a procedure that is inconsistent with the FAR? - Answer-✅Deviation
/.Simplified Acquisition Procedures should __________. - Answer-✅Promote
competition to the maximum extent practicable
, /.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
/.Which is NOT a type of contracting officer? - Answer-✅Executive contracting officer
/.With respect to the requirements law, what must a KO ensure before signing a
contract? - Answer-✅Ensure each requirement has been met
/.What is a contract clause? - Answer-✅A term or condition used in contracts, or in both
solicitation and contract that applies after contract award or both before and after
contract award.
/.Which statement best conveys the convention of FAR 1.108(b), delegation of
authority? - Answer-✅Each authority is delegable unless specifically stated otherwise.
/.Where in the FAR can you find guidance on how to establish, maintain, and dispose of
Government contract files? - Answer-✅FAR Part 4
/.The authority of a contracting officer representative (COR) shall be __________. -
Answer-✅Designated in writing with a copy given to the contractor and the contract
administrative office.
/.Which of the following statements is accurate regarding the acquisition Teams? -
Answer-✅It includes reps of the technical, supply, their customers and the contractors
who provide the supplies or services.
/.What does FAR Part 1 cover? - Answer-✅Federal Acquisition Regulations System
/.What does FAR Part 2 cover? - Answer-✅Definitions of Words and Terms
/.What does FAR Part 3 cover? - Answer-✅Improper Business Practices and Personal
Conflicts of Interest
/.What does FAR Part 4 cover? - Answer-✅Administrative and Information Matters
/.What does FAR Part 5 cover? - Answer-✅Publicizing Contract Actions
/.What does FAR Part 6 cover? - Answer-✅Competition Requirements
/.What does FAR Part 7 cover? - Answer-✅Acquisition Planning
/.What does FAR Part 8 cover? - Answer-✅Required Sources of Supplies and Services
Government Contracting and FAR
Principles Questions And Answers
/. Which authority is legally binding in Government contracting and recognized by the
courts? - Answer-✅Actual Authority
/.In DoD contracting, who has the authority to enter into a legally binding contract? -
Answer-✅Contracting Officer
/.True or False: Each authority is NOT delegable unless specifically stated otherwise. -
Answer-✅False
/.Which of the following are essential elements of a contract? - Answer-✅Capacity,
Consideration, Mutual Assent, Lawful Purpose
/.True or False: A contract is defined as a mutually binding legal relationship obligating
the seller to furnish the supplies or services and the buyer to pay for them. - Answer-
✅True
/.True or False: Capacity is when each party either makes a promise or begins to render
performance. - Answer-✅False, Capacity is the ability to understand and appreciate the
terms of the contract.
/.Market research can be __________. - Answer-✅Both A and B (Strategic and
Tactical)
/.True or False: The extent of market research will vary, depending on such factors as
urgency, estimated dollar value, complexity, and past experience. - Answer-✅True
/.True or False: Contracting Officers shall promote and provide for full and open
competition in soliciting offers and awarding Government contracts unless an exception
applies. - Answer-✅True
/.Market Research is conducted during which phase of acquisition? - Answer-✅All
phases of the acquisition
/.What is the use of a procedure that is inconsistent with the FAR? - Answer-✅Deviation
/.Simplified Acquisition Procedures should __________. - Answer-✅Promote
competition to the maximum extent practicable
, /.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
/.Which is NOT a type of contracting officer? - Answer-✅Executive contracting officer
/.With respect to the requirements law, what must a KO ensure before signing a
contract? - Answer-✅Ensure each requirement has been met
/.What is a contract clause? - Answer-✅A term or condition used in contracts, or in both
solicitation and contract that applies after contract award or both before and after
contract award.
/.Which statement best conveys the convention of FAR 1.108(b), delegation of
authority? - Answer-✅Each authority is delegable unless specifically stated otherwise.
/.Where in the FAR can you find guidance on how to establish, maintain, and dispose of
Government contract files? - Answer-✅FAR Part 4
/.The authority of a contracting officer representative (COR) shall be __________. -
Answer-✅Designated in writing with a copy given to the contractor and the contract
administrative office.
/.Which of the following statements is accurate regarding the acquisition Teams? -
Answer-✅It includes reps of the technical, supply, their customers and the contractors
who provide the supplies or services.
/.What does FAR Part 1 cover? - Answer-✅Federal Acquisition Regulations System
/.What does FAR Part 2 cover? - Answer-✅Definitions of Words and Terms
/.What does FAR Part 3 cover? - Answer-✅Improper Business Practices and Personal
Conflicts of Interest
/.What does FAR Part 4 cover? - Answer-✅Administrative and Information Matters
/.What does FAR Part 5 cover? - Answer-✅Publicizing Contract Actions
/.What does FAR Part 6 cover? - Answer-✅Competition Requirements
/.What does FAR Part 7 cover? - Answer-✅Acquisition Planning
/.What does FAR Part 8 cover? - Answer-✅Required Sources of Supplies and Services
