CON 3990V – 100 Practice Questions &
Answers
1. What is the primary purpose of acquisition planning?
Answer: To ensure the government meets its needs in the
most effective, economical, and timely manner
Rationale: FAR 7.102 requires acquisition planning to
address cost, schedule, performance, and risk early.
,2. Which document formally authorizes the solicitation of
offers?
Answer: The approved acquisition plan
Rationale: Solicitation cannot proceed without leadership
approval of the acquisition strategy.
3. Which contract type places the greatest risk on the
contractor?
Answer: Firm-Fixed-Price (FFP)
Rationale: The contractor assumes full responsibility for
cost overruns under FFP contracts.
4. When requirements are uncertain, which contract type
is most appropriate?
Answer: Cost-Plus-Fixed-Fee (CPFF)
,Rationale: CPFF allows flexibility when scope cannot be
clearly defined.
5. What FAR Part governs source selection?
Answer: FAR Part 15
Rationale: Part 15 addresses contracting by negotiation
and competitive source selection.
6. Best value means:
Answer: The expected outcome that provides the
greatest overall benefit to the Government
Rationale: Best value tradeoffs consider more than just
lowest price.
7. What is the role of the Contracting Officer?
, Answer: The only individual authorized to bind the
Government contractually
Rationale: FAR 1.602-1 grants exclusive authority to the
CO.
8. Which evaluation factor is always required?
Answer: Cost or price
Rationale: FAR 15.304 mandates cost or price in every
source selection.
9. What is an Organizational Conflict of Interest (OCI)?
Answer: A situation where a contractor’s objectivity or
fairness is impaired
Rationale: FAR Subpart 9.5 defines OCI categories and
mitigation requirements.
Answers
1. What is the primary purpose of acquisition planning?
Answer: To ensure the government meets its needs in the
most effective, economical, and timely manner
Rationale: FAR 7.102 requires acquisition planning to
address cost, schedule, performance, and risk early.
,2. Which document formally authorizes the solicitation of
offers?
Answer: The approved acquisition plan
Rationale: Solicitation cannot proceed without leadership
approval of the acquisition strategy.
3. Which contract type places the greatest risk on the
contractor?
Answer: Firm-Fixed-Price (FFP)
Rationale: The contractor assumes full responsibility for
cost overruns under FFP contracts.
4. When requirements are uncertain, which contract type
is most appropriate?
Answer: Cost-Plus-Fixed-Fee (CPFF)
,Rationale: CPFF allows flexibility when scope cannot be
clearly defined.
5. What FAR Part governs source selection?
Answer: FAR Part 15
Rationale: Part 15 addresses contracting by negotiation
and competitive source selection.
6. Best value means:
Answer: The expected outcome that provides the
greatest overall benefit to the Government
Rationale: Best value tradeoffs consider more than just
lowest price.
7. What is the role of the Contracting Officer?
, Answer: The only individual authorized to bind the
Government contractually
Rationale: FAR 1.602-1 grants exclusive authority to the
CO.
8. Which evaluation factor is always required?
Answer: Cost or price
Rationale: FAR 15.304 mandates cost or price in every
source selection.
9. What is an Organizational Conflict of Interest (OCI)?
Answer: A situation where a contractor’s objectivity or
fairness is impaired
Rationale: FAR Subpart 9.5 defines OCI categories and
mitigation requirements.
