FAC-C CERTIFICATION EXAM: GOVERNMENT
CONTRACTING AND FAR PRINCIPLES
1. Which authority is legally binding in Government contracting and recog-
nized by the courts?
*Answer√√ Actual Authority
2. In DoD contracting, who has the authority to enter into a legally binding
contract?
*Answer√√ Contracting Oflcer
3. True or False: Each authority is NOT delegable unless specifically stated
otherwise.
*Answer√√ False
4. Which of the following are essential elements of a contract?
, *Answer√√ Capacity, Consideration,
Mutual Assent, Lawful Purpose
5. 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
6. 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.
7. Market research can be .
*Answer√√ Both A and B (Strategic and Tactical)
8. 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
9. 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
10. Market Research is conducted during which phase of acquisition?
*Answer√√ All phases of
the acquisition
11. What is the use of a procedure that is inconsistent with the FAR?
*Answer√√ Deviation
12. Simplified Acquisition Procedures should .
, *Answer√√ Promote competition to the max-
imum extent practicable
13. 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
14. Which is NOT a type of contracting officer?*Answer√√ Executive contracting oflcer
15. With respect to the requirements law, what must a KO ensure before
signing a contract?
*Answer√√ Ensure each requirement has been met
CONTRACTING AND FAR PRINCIPLES
1. Which authority is legally binding in Government contracting and recog-
nized by the courts?
*Answer√√ Actual Authority
2. In DoD contracting, who has the authority to enter into a legally binding
contract?
*Answer√√ Contracting Oflcer
3. True or False: Each authority is NOT delegable unless specifically stated
otherwise.
*Answer√√ False
4. Which of the following are essential elements of a contract?
, *Answer√√ Capacity, Consideration,
Mutual Assent, Lawful Purpose
5. 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
6. 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.
7. Market research can be .
*Answer√√ Both A and B (Strategic and Tactical)
8. 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
9. 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
10. Market Research is conducted during which phase of acquisition?
*Answer√√ All phases of
the acquisition
11. What is the use of a procedure that is inconsistent with the FAR?
*Answer√√ Deviation
12. Simplified Acquisition Procedures should .
, *Answer√√ Promote competition to the max-
imum extent practicable
13. 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
14. Which is NOT a type of contracting officer?*Answer√√ Executive contracting oflcer
15. With respect to the requirements law, what must a KO ensure before
signing a contract?
*Answer√√ Ensure each requirement has been met
