CON 237 BUNDLED EXAMS STUDY
GUIDE 2026 COMPLETE QUESTIONS
WITH CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS <RECENT
VERSION>
Part 1: Foundations & Regulations
1. What is the primary purpose of the Federal Acquisition System?
A) To ensure all contractors make a profit
B) To deliver on a timely basis the best value product or service to the
customer
B) To deliver on a timely basis the best value product or service to the
customer
C) To strictly enforce all regulations without exception
D) To minimize the workload of contracting officers
2. The Federal Acquisition Regulation (FAR) applies to which entities?
A) Only the Department of Defense
B) All federal executive agencies
B) All federal executive agencies
C) Only civilian agencies
D) Congress and the judicial branch
3. What is the single most important objective of the FAR system?
A) Standardization
B) Cost reduction
C) Meeting statutory and regulatory requirements
D) The Government's needs must be met consistently with cost, quality,
and timeliness.
4. Which of the following has the force and effect of law?
A) Agency Supplements to the FAR
, B) The FAR
B) The FAR
C) Contracting Officer's Business Judgment
D) Contractor's Priced Proposal
5. The authority of a Contracting Officer is derived from:
A) Their years of experience
B) A Warrant
B) A Warrant
C) The contractor's agreement
D) The requiring activity
6. A Contracting Officer's Representative (COR) has the authority to:
A) Modify the contract
B) Obligate government funds
C) Assist in the technical monitoring of contract performance
D) Terminate the contract for default
7. The process of ensuring funds are available and reserving them for a
specific obligation is called:
A) Appropriation
B) Certification
C) Funds Obligation
D) Allotment
8. What is a "Bona Fide Need"?
A) A need the contractor feels is important.
B) A need for supplies or services during the period of availability of the
funds.
C) A need identified in a future budget year.
D) A need that is nice to have but not essential.
9. The Anti-Deficiency Act prohibits:
A) Awarding contracts to foreign companies
B) Making or authorizing an obligation in excess of the amount
available in an appropriation
, C) Hiring government employees from the contractor sector
D) Using sealed bidding procedures
10.The term "Acquisition" is defined as:
A) Only the purchasing of goods
B) The stage after a contract is awarded
C) The acquiring by contract with appropriated funds of supplies or
services
D) The negotiation process with a single source
Part 2: Acquisition Planning & Requirements Definition
11.What is the purpose of an Acquisition Plan?
A) To replace the need for a contract
B) To serve as a roadmap for how an acquisition will be conducted
C) To justify the contractor's costs
D) To document the contractor's past performance
12.The document that formally communicates a need to the contracting
office is called the:
A) Statement of Work (SOW)
B) Purchase Request (or Requirements Document)
C) Independent Government Cost Estimate (IGCE)
D) Justification and Approval (J&A)
13.A Performance Work Statement (PWS) is used in what type of
contracting?
A) Commercial Item Acquisitions
B) Service Contracts
C) Construction Contracts
D) Sealed Bidding
14.What is the key difference between a Statement of Work (SOW) and a
Performance Work Statement (PWS)?
A) There is no difference; the terms are interchangeable.
B) A SOW is for services, a PWS is for supplies.
C) A SOW states how the work is to be done, while a PWS states what is
GUIDE 2026 COMPLETE QUESTIONS
WITH CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS <RECENT
VERSION>
Part 1: Foundations & Regulations
1. What is the primary purpose of the Federal Acquisition System?
A) To ensure all contractors make a profit
B) To deliver on a timely basis the best value product or service to the
customer
B) To deliver on a timely basis the best value product or service to the
customer
C) To strictly enforce all regulations without exception
D) To minimize the workload of contracting officers
2. The Federal Acquisition Regulation (FAR) applies to which entities?
A) Only the Department of Defense
B) All federal executive agencies
B) All federal executive agencies
C) Only civilian agencies
D) Congress and the judicial branch
3. What is the single most important objective of the FAR system?
A) Standardization
B) Cost reduction
C) Meeting statutory and regulatory requirements
D) The Government's needs must be met consistently with cost, quality,
and timeliness.
4. Which of the following has the force and effect of law?
A) Agency Supplements to the FAR
, B) The FAR
B) The FAR
C) Contracting Officer's Business Judgment
D) Contractor's Priced Proposal
5. The authority of a Contracting Officer is derived from:
A) Their years of experience
B) A Warrant
B) A Warrant
C) The contractor's agreement
D) The requiring activity
6. A Contracting Officer's Representative (COR) has the authority to:
A) Modify the contract
B) Obligate government funds
C) Assist in the technical monitoring of contract performance
D) Terminate the contract for default
7. The process of ensuring funds are available and reserving them for a
specific obligation is called:
A) Appropriation
B) Certification
C) Funds Obligation
D) Allotment
8. What is a "Bona Fide Need"?
A) A need the contractor feels is important.
B) A need for supplies or services during the period of availability of the
funds.
C) A need identified in a future budget year.
D) A need that is nice to have but not essential.
9. The Anti-Deficiency Act prohibits:
A) Awarding contracts to foreign companies
B) Making or authorizing an obligation in excess of the amount
available in an appropriation
, C) Hiring government employees from the contractor sector
D) Using sealed bidding procedures
10.The term "Acquisition" is defined as:
A) Only the purchasing of goods
B) The stage after a contract is awarded
C) The acquiring by contract with appropriated funds of supplies or
services
D) The negotiation process with a single source
Part 2: Acquisition Planning & Requirements Definition
11.What is the purpose of an Acquisition Plan?
A) To replace the need for a contract
B) To serve as a roadmap for how an acquisition will be conducted
C) To justify the contractor's costs
D) To document the contractor's past performance
12.The document that formally communicates a need to the contracting
office is called the:
A) Statement of Work (SOW)
B) Purchase Request (or Requirements Document)
C) Independent Government Cost Estimate (IGCE)
D) Justification and Approval (J&A)
13.A Performance Work Statement (PWS) is used in what type of
contracting?
A) Commercial Item Acquisitions
B) Service Contracts
C) Construction Contracts
D) Sealed Bidding
14.What is the key difference between a Statement of Work (SOW) and a
Performance Work Statement (PWS)?
A) There is no difference; the terms are interchangeable.
B) A SOW is for services, a PWS is for supplies.
C) A SOW states how the work is to be done, while a PWS states what is
