FAC-C CERTIFICATION EXAM AND PRACTICE EXAM
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Complete Real Exam Questions and Correct Verified Answers |
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1. Which source establishes the uniform policies and procedures for acquisition by
executive agencies?
A) Defense Federal Acquisition Regulation Supplement (DFARS)
B) Federal Acquisition Regulation (FAR)
C) Federal Property Management Regulation (FPMR)
D) Office of Management and Budget Circular A-123
Correct Answer: B
Rationale: The FAR is the primary regulation governing acquisition by executive
agencies and provides uniform acquisition policies and procedures. The FAR is codified
in Title 48 of the Code of Federal Regulations (CFR) and applies to all executive branch
agencies. DFARS (A) is a supplement specific to the Department of Defense. FPMR (C)
addresses property management, not acquisition. OMB Circular A-123 (D) addresses
internal controls.
,2. What is the primary objective of the federal acquisition system?
A) Maximize contractor profits
B) Increase contract duration
C) Deliver the best value product or service to the customer while maintaining public
trust
D) Award contracts only to large businesses
Correct Answer: C
Rationale: FAR 1.102 states that the acquisition system exists to deliver best value while
maintaining the public's trust and fulfilling public policy objectives. The federal
acquisition system is designed to support the mission of the agency while ensuring fair
competition and responsible stewardship of taxpayer funds.
3. What is the foundation of the Federal Acquisition Regulation?
A) The Federal Property and Administrative Services Act of 1949
B) The Armed Services Procurement Act of 1947
C) Both A and B
D) The Budget and Accounting Act of 1921
Correct Answer: C
Rationale: The FAR is based on two foundational statutes: the Armed Services
Procurement Act of 1947 (which established uniform procurement procedures for the
Department of Defense) and the Federal Property and Administrative Services Act of
1949 (which established uniform procurement for civilian agencies). These two acts were
combined to create a single, unified acquisition regulation.
,4. What is the purpose of the FAR?
A) To provide guidance on federal budgeting
B) To establish uniform policies and procedures for acquisition by executive agencies
C) To regulate federal employee benefits
D) To oversee federal real estate transactions
Correct Answer: B
Rationale: The FAR establishes uniform acquisition policies and procedures for all
executive agencies. It provides a single, comprehensive system of regulations that
govern the acquisition process from planning through contract closeout.
5. Which of the following is NOT a fundamental principle of the Federal
Acquisition System?
A) Satisfy the customer in terms of cost, quality, and timeliness
B) Minimize administrative operating costs
C) Maximize contractor profits at any cost
D) Conduct business with integrity, fairness, and openness
Correct Answer: C
Rationale: The FAR emphasizes maximizing competition and cost-effectiveness, not
contractor profits. The three pillars of the federal acquisition system are: (1) satisfy the
customer, (2) minimize administrative operating costs, and (3) conduct business with
integrity, fairness, and openness.
, 6. The FAR consists of how many parts?
A) 31
B) 53
C) 61
D) 100
Correct Answer: B
Rationale: The FAR consists of 53 parts, organized into 8 subchapters. These parts cover
everything from acquisition planning to contract closeout. The numbering system
follows the Federal Acquisition Regulation's structure.
7. The process of identifying the best method of acquiring a product or service is
known as:
A) Market research
B) Acquisition planning
C) Statement of work development
D) Source selection
Correct Answer: B
Rationale: Acquisition planning is the process of identifying the best method of
acquiring a product or service. It involves analyzing requirements, conducting market
research, and developing an acquisition strategy. This is a critical phase that sets the
foundation for a successful acquisition.
NEWEST 2026 TEST BANK | FAC-C CERTIFICATION EXAM
PREP
Complete Real Exam Questions and Correct Verified Answers |
Already Graded A+ (Most Recent!!)
1. Which source establishes the uniform policies and procedures for acquisition by
executive agencies?
A) Defense Federal Acquisition Regulation Supplement (DFARS)
B) Federal Acquisition Regulation (FAR)
C) Federal Property Management Regulation (FPMR)
D) Office of Management and Budget Circular A-123
Correct Answer: B
Rationale: The FAR is the primary regulation governing acquisition by executive
agencies and provides uniform acquisition policies and procedures. The FAR is codified
in Title 48 of the Code of Federal Regulations (CFR) and applies to all executive branch
agencies. DFARS (A) is a supplement specific to the Department of Defense. FPMR (C)
addresses property management, not acquisition. OMB Circular A-123 (D) addresses
internal controls.
,2. What is the primary objective of the federal acquisition system?
A) Maximize contractor profits
B) Increase contract duration
C) Deliver the best value product or service to the customer while maintaining public
trust
D) Award contracts only to large businesses
Correct Answer: C
Rationale: FAR 1.102 states that the acquisition system exists to deliver best value while
maintaining the public's trust and fulfilling public policy objectives. The federal
acquisition system is designed to support the mission of the agency while ensuring fair
competition and responsible stewardship of taxpayer funds.
3. What is the foundation of the Federal Acquisition Regulation?
A) The Federal Property and Administrative Services Act of 1949
B) The Armed Services Procurement Act of 1947
C) Both A and B
D) The Budget and Accounting Act of 1921
Correct Answer: C
Rationale: The FAR is based on two foundational statutes: the Armed Services
Procurement Act of 1947 (which established uniform procurement procedures for the
Department of Defense) and the Federal Property and Administrative Services Act of
1949 (which established uniform procurement for civilian agencies). These two acts were
combined to create a single, unified acquisition regulation.
,4. What is the purpose of the FAR?
A) To provide guidance on federal budgeting
B) To establish uniform policies and procedures for acquisition by executive agencies
C) To regulate federal employee benefits
D) To oversee federal real estate transactions
Correct Answer: B
Rationale: The FAR establishes uniform acquisition policies and procedures for all
executive agencies. It provides a single, comprehensive system of regulations that
govern the acquisition process from planning through contract closeout.
5. Which of the following is NOT a fundamental principle of the Federal
Acquisition System?
A) Satisfy the customer in terms of cost, quality, and timeliness
B) Minimize administrative operating costs
C) Maximize contractor profits at any cost
D) Conduct business with integrity, fairness, and openness
Correct Answer: C
Rationale: The FAR emphasizes maximizing competition and cost-effectiveness, not
contractor profits. The three pillars of the federal acquisition system are: (1) satisfy the
customer, (2) minimize administrative operating costs, and (3) conduct business with
integrity, fairness, and openness.
, 6. The FAR consists of how many parts?
A) 31
B) 53
C) 61
D) 100
Correct Answer: B
Rationale: The FAR consists of 53 parts, organized into 8 subchapters. These parts cover
everything from acquisition planning to contract closeout. The numbering system
follows the Federal Acquisition Regulation's structure.
7. The process of identifying the best method of acquiring a product or service is
known as:
A) Market research
B) Acquisition planning
C) Statement of work development
D) Source selection
Correct Answer: B
Rationale: Acquisition planning is the process of identifying the best method of
acquiring a product or service. It involves analyzing requirements, conducting market
research, and developing an acquisition strategy. This is a critical phase that sets the
foundation for a successful acquisition.
