ACTUAL Exam Questions and CORRECT
Answers
What is FAR Part 15? - CORRECT ANSWER - Contracting by Negotiation
What is the FAR? - CORRECT ANSWER - A regulation established for the codification and
publication of uniform policies and procedures for acquisition by MOST executive agencies.
(hint: Title 48, Chapter 1)
Where in the FAR are the procedures specific to a two-step bidding process? - CORRECT
ANSWER - FAR Part 14.503
T/F: There's no need to be specific as long as you have cited the correct general part in the FAR
where the information is located. - CORRECT ANSWER - False
What group of regulations implement and supplement the FAR? - CORRECT ANSWER - The
agency specific acquisition regulations.
How many parts are in the FAR? - CORRECT ANSWER - 53
What term means "in spite of this," as related to other parts of the rule or regulation. -
CORRECT ANSWER - Notwithstanding
In the FAR citation 22.102-3 what is the subpart? - CORRECT ANSWER -1
What term implies that a statement ADDS policies and procedures that are not covered in the
FAR? - CORRECT ANSWER - Supplement