CON 3990V Certification Exam Questions and Answers Updated.

CON 3990V Certification Exam Questions and Answers



QUESTION 1:
Which of the following best describes the primary objective of the CON 3990V certification
program?
A. To ensure compliance with accounting standards
B. To validate advanced contract management competencies
C. To support introductory procurement awareness
D. To promote marketing strategies in e-commerce

CORRECT ANSWER: B
RATIONALE: The CON 3990V certification focuses on validating a professional’s ability to manage
complex government and commercial contracts. It assesses advanced skills in negotiation,
compliance, and lifecycle management. Other options represent adjacent fields but do not
capture the certification's purpose.



QUESTION 2:
True or False: The Federal Acquisition Regulation (FAR) applies to all private commercial
transactions.
CORRECT ANSWER: False
RATIONALE: FAR applies to U.S. federal procurement activities, not to purely private sector
commercial contracts.



QUESTION 3:
Which clause governs disputes between the government and contractors under standard
federal contracts?
A. Termination for Default Clause
B. Changes Clause
C. Disputes Clause
D. Inspection Clause

CORRECT ANSWER: C
RATIONALE: The Disputes Clause establishes the process for resolving contractual

,disagreements, including the right to appeal decisions to boards or courts. The other clauses
address specific circumstances unrelated to general dispute procedures.



QUESTION 4:
Short Answer: Define “contract administration” in the context of acquisition management.
CORRECT ANSWER: The process of managing contract performance, compliance, and
change after contract award to ensure both parties meet obligations.
RATIONALE: Contract administration focuses on performance monitoring and ensuring
contractual terms are fulfilled, distinct from pre-award activities.



QUESTION 5:
Which of the following acts primarily governs truthfulness in cost or pricing data for negotiated
contracts?
A. Davis-Bacon Act
B. Truthful Cost or Pricing Data Act
C. Buy American Act
D. CICA

CORRECT ANSWER: B
RATIONALE: The Truthful Cost or Pricing Data Act (formerly TINA) requires contractors to submit
accurate, current, and complete data—ensuring fair negotiations.



QUESTION 6:
True or False: Performance-based contracting focuses on specifying inputs and methods rather
than outcomes.
CORRECT ANSWER: False
RATIONALE: Performance-based contracting defines measurable outcomes and results, not
prescriptive methods or inputs.



QUESTION 7:
In procurement planning, which document initiates the formal acquisition process?
A. Request for Information (RFI)
B. Market Research Report

, C. Procurement Request Package
D. Performance Work Statement

CORRECT ANSWER: C
RATIONALE: The procurement request formally triggers acquisition action, authorizing
solicitation preparation based on requirements identified by stakeholders.



QUESTION 8:
Multiple Choice: Which cost category includes salaries for engineers and designers working on a
specific contract?
A. Indirect Labor Cost
B. General and Administrative Expense
C. Direct Labor Cost
D. Overhead

CORRECT ANSWER: C
RATIONALE: Direct labor costs are directly attributable to contract tasks. The others represent
shared or indirect allocations.



QUESTION 9:
Short Answer: What is the purpose of a Contracting Officer’s Representative (COR)?
CORRECT ANSWER: To monitor technical performance and verify that contract deliverables
meet quality and schedule requirements under delegation from the Contracting Officer.
RATIONALE: The COR provides oversight without authority to alter contract terms—a key
boundary in contract governance.



QUESTION 10:
Under contract law, what is the essential legal element that distinguishes a contract from an
unenforceable promise?
A. Capacity
B. Offer
C. Consideration
D. Legality