FAC-C Certification Exam Government
Contracting And FAR Principles Exam
Questions And Verified Answers
\Q\.Which authority is legally binding in Government contracting and recognized by the courts?
- ANSWERS✔-Actual Authority
\Q\.In DoD contracting, who has the authority to enter into a legally binding contract? -
ANSWERS✔-Contracting Officer
\Q\.True or False: Each authority is NOT delegable unless specifically stated otherwise. -
ANSWERS✔-False
\Q\.Which of the following are essential elements of a contract? - ANSWERS✔-Capacity,
Consideration, Mutual Assent, Lawful Purpose
\Q\.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. - ANSWERS✔-True
\Q\.True or False: Capacity is when each party either makes a promise or begins to render
performance. - ANSWERS✔-False, Capacity is the ability to understand and appreciate the terms
of the contract.
\Q\.Market research can be __________. - ANSWERS✔-Both A and B (Strategic and Tactical)
,\Q\.True or False: The extent of market research will vary, depending on such factors as urgency,
estimated dollar value, complexity, and past experience. - ANSWERS✔-True
\Q\.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. -
ANSWERS✔-True
\Q\.Market Research is conducted during which phase of acquisition? - ANSWERS✔-All phases
of the acquisition
\Q\.What is the use of a procedure that is inconsistent with the FAR? - ANSWERS✔-Deviation
\Q\.Simplified Acquisition Procedures should __________. - ANSWERS✔-Promote competition
to the maximum extent practicable
\Q\.What type(s) of contracts can be awarded when acquiring commercial products? -
ANSWERS✔-Only firm fixed price contracts or firm fixed with economic prices adjustment
\Q\.Which is NOT a type of contracting officer? - ANSWERS✔-Executive contracting officer
\Q\.With respect to the requirements law, what must a KO ensure before signing a contract? -
ANSWERS✔-Ensure each requirement has been met
\Q\.What is a contract clause? - ANSWERS✔-A term or condition used in contracts, or in both
solicitation and contract that applies after contract award or both before and after contract
award.
, \Q\.Which statement best conveys the convention of FAR 1.108(b), delegation of authority? -
ANSWERS✔-Each authority is delegable unless specifically stated otherwise.
\Q\.Where in the FAR can you find guidance on how to establish, maintain, and dispose of
Government contract files? - ANSWERS✔-FAR Part 4
\Q\.The authority of a contracting officer representative (COR) shall be __________. -
ANSWERS✔-Designated in writing with a copy given to the contractor and the contract
administrative office.
\Q\.Which of the following statements is accurate regarding the acquisition Teams? -
ANSWERS✔-It includes reps of the technical, supply, their customers and the contractors who
provide the supplies or services.
\Q\.What does FAR Part 1 cover? - ANSWERS✔-Federal Acquisition Regulations System
\Q\.What does FAR Part 2 cover? - ANSWERS✔-Definitions of Words and Terms
\Q\.What does FAR Part 3 cover? - ANSWERS✔-Improper Business Practices and Personal
Conflicts of Interest
\Q\.What does FAR Part 4 cover? - ANSWERS✔-Administrative and Information Matters
\Q\.What does FAR Part 5 cover? - ANSWERS✔-Publicizing Contract Actions
\Q\.What does FAR Part 6 cover? - ANSWERS✔-Competition Requirements
Contracting And FAR Principles Exam
Questions And Verified Answers
\Q\.Which authority is legally binding in Government contracting and recognized by the courts?
- ANSWERS✔-Actual Authority
\Q\.In DoD contracting, who has the authority to enter into a legally binding contract? -
ANSWERS✔-Contracting Officer
\Q\.True or False: Each authority is NOT delegable unless specifically stated otherwise. -
ANSWERS✔-False
\Q\.Which of the following are essential elements of a contract? - ANSWERS✔-Capacity,
Consideration, Mutual Assent, Lawful Purpose
\Q\.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. - ANSWERS✔-True
\Q\.True or False: Capacity is when each party either makes a promise or begins to render
performance. - ANSWERS✔-False, Capacity is the ability to understand and appreciate the terms
of the contract.
\Q\.Market research can be __________. - ANSWERS✔-Both A and B (Strategic and Tactical)
,\Q\.True or False: The extent of market research will vary, depending on such factors as urgency,
estimated dollar value, complexity, and past experience. - ANSWERS✔-True
\Q\.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. -
ANSWERS✔-True
\Q\.Market Research is conducted during which phase of acquisition? - ANSWERS✔-All phases
of the acquisition
\Q\.What is the use of a procedure that is inconsistent with the FAR? - ANSWERS✔-Deviation
\Q\.Simplified Acquisition Procedures should __________. - ANSWERS✔-Promote competition
to the maximum extent practicable
\Q\.What type(s) of contracts can be awarded when acquiring commercial products? -
ANSWERS✔-Only firm fixed price contracts or firm fixed with economic prices adjustment
\Q\.Which is NOT a type of contracting officer? - ANSWERS✔-Executive contracting officer
\Q\.With respect to the requirements law, what must a KO ensure before signing a contract? -
ANSWERS✔-Ensure each requirement has been met
\Q\.What is a contract clause? - ANSWERS✔-A term or condition used in contracts, or in both
solicitation and contract that applies after contract award or both before and after contract
award.
, \Q\.Which statement best conveys the convention of FAR 1.108(b), delegation of authority? -
ANSWERS✔-Each authority is delegable unless specifically stated otherwise.
\Q\.Where in the FAR can you find guidance on how to establish, maintain, and dispose of
Government contract files? - ANSWERS✔-FAR Part 4
\Q\.The authority of a contracting officer representative (COR) shall be __________. -
ANSWERS✔-Designated in writing with a copy given to the contractor and the contract
administrative office.
\Q\.Which of the following statements is accurate regarding the acquisition Teams? -
ANSWERS✔-It includes reps of the technical, supply, their customers and the contractors who
provide the supplies or services.
\Q\.What does FAR Part 1 cover? - ANSWERS✔-Federal Acquisition Regulations System
\Q\.What does FAR Part 2 cover? - ANSWERS✔-Definitions of Words and Terms
\Q\.What does FAR Part 3 cover? - ANSWERS✔-Improper Business Practices and Personal
Conflicts of Interest
\Q\.What does FAR Part 4 cover? - ANSWERS✔-Administrative and Information Matters
\Q\.What does FAR Part 5 cover? - ANSWERS✔-Publicizing Contract Actions
\Q\.What does FAR Part 6 cover? - ANSWERS✔-Competition Requirements
