FAC-C CERTIFICATION EXAM REVIEW
QUESTIONS AND ANSWERS
Which authority is legally binding in Government contracting and recognized by the
courts? - Correct Answers -Actual Authority
In DoD contracting, who has the authority to enter into a legally binding contract? -
Correct Answers -Contracting Officer
Which of the following are essential elements of a contract (select all that apply)? -
Correct Answers -Capacity, Mutual Asscent, and Lawful Purpose
A contract is defined as a mutually binding legal relationship obligating the seller to
furnish the supplies or services (including construction) and the buyer to pay for them. -
Correct Answers -True
Capacity is when each party either makes a promise or begins to render performance. -
Correct Answers -False
Each authority is NOT delegable unless specifically stated otherwise - Correct Answers
-False
Market research can be__________ - Correct Answers -Strategic and Tactical
The extent of market research will vary, depending on such factors as urgency,
estimated dollar value, complexity, and past experience. - Correct Answers -True
Generally, unless an exception applies or is otherwise expressly authorized by statute,
Contracting Officers shall promote and provide for full and open competition in soliciting
offers and awarding Government contracts. - Correct Answers -True
Market Research is conducted during which phase of acquisition? - Correct Answers -
All phases of the acquisition
What is the use of a procedure that is inconsistent with the FAR? - Correct Answers -
Deviation (See FAR 1.401(a))
Simplified Acquisition Procedures should - Correct Answers -Promote competition to the
maximum extent practicable
QUESTIONS AND ANSWERS
Which authority is legally binding in Government contracting and recognized by the
courts? - Correct Answers -Actual Authority
In DoD contracting, who has the authority to enter into a legally binding contract? -
Correct Answers -Contracting Officer
Which of the following are essential elements of a contract (select all that apply)? -
Correct Answers -Capacity, Mutual Asscent, and Lawful Purpose
A contract is defined as a mutually binding legal relationship obligating the seller to
furnish the supplies or services (including construction) and the buyer to pay for them. -
Correct Answers -True
Capacity is when each party either makes a promise or begins to render performance. -
Correct Answers -False
Each authority is NOT delegable unless specifically stated otherwise - Correct Answers
-False
Market research can be__________ - Correct Answers -Strategic and Tactical
The extent of market research will vary, depending on such factors as urgency,
estimated dollar value, complexity, and past experience. - Correct Answers -True
Generally, unless an exception applies or is otherwise expressly authorized by statute,
Contracting Officers shall promote and provide for full and open competition in soliciting
offers and awarding Government contracts. - Correct Answers -True
Market Research is conducted during which phase of acquisition? - Correct Answers -
All phases of the acquisition
What is the use of a procedure that is inconsistent with the FAR? - Correct Answers -
Deviation (See FAR 1.401(a))
Simplified Acquisition Procedures should - Correct Answers -Promote competition to the
maximum extent practicable
