CON 3990V Certification Exam | REAL Questions with
Answers in Bold Italic & Detailed Rationales – Federal
Acquisition Regulation (FAR) Test Bank for
Contracting Professionals | INSTANT PDF
DOWNLOAD
⭐⭐⭐⭐⭐ "I passed my CON 3990V certification on the first attempt! The bold italic
answers made it easy to review, and the rationales with FAR references helped me understand the
regulation, not just memorize answers. This test bank was the difference between passing and
failing."
EXAM OVERVIEW
The CON 3990V Certification Exam is a comprehensive assessment for federal
contracting professionals, covering the full spectrum of acquisition and procurement
competencies. This exam aligns with the Federal Acquisition Certification in Contracting
(FAC-C) and Defense Acquisition Workforce Improvement Act (DAWIA) requirements.
Component Details
Exam Name CON 3990V Certification Exam
Course CON 3990V – Advanced Contracting
Format Multiple Choice, Scenario-Based Questions
Focus Areas Acquisition Planning, Source Selection, Contract
Administration, Cost & Price Analysis, Ethics, Federal
Acquisition Regulation (FAR)
Target Federal Contracting Officers, Acquisition Professionals,
Audience DOD Contracting Personnel
, TABLE OF CONTENTS
Section Topic Questions
1 Acquisition Planning & Strategy 1-15
2 Source Selection & Evaluation 16-30
3 Contract Types & Selection 31-45
4 Cost & Price Analysis 46-60
5 Contract Administration 61-75
6 Socioeconomic Programs 76-85
7 Ethics & Procurement Integrity 86-95
8 Federal Acquisition Regulation (FAR) 96-110
9 Performance-Based Acquisition 111-120
10 Terminations & Disputes 121-130
11 Simplified Acquisition Procedures 131-140
12 Advanced Scenario-Based Questions 141-150
SECTION 1: ACQUISITION PLANNING & STRATEGY
1. The acquisition planning process begins with which of the following?
A) Issuing the solicitation
B) Conducting market research
C) Awarding the contract
D) Performing cost analysis
***Rationale Acquisition planning begins with market research (FAR Part 10). Market
research identifies available sources, commercial items, and helps determine the most
suitable acquisition approach. All other steps follow after market research is completed.
2. Which of the following is a key component of an Acquisition Plan (AP)?
, A) Statement of Objectives (SOO)
B) Contract closeout procedures only
C) Past performance evaluations
D) Bid protest procedures
****Rationale The Statement of Objectives (SOO) is a key component of the acquisition
plan. It describes the high-level outcomes and objectives, allowing offerors to propose
innovative solutions. FAR Part 7 requires acquisition plans for all acquisitions exceeding
certain thresholds.*
3. Market research is required for acquisitions exceeding which dollar threshold?
A) $250,000
B) $100,000
C) $500,000
D) $1,000,000
****Rationale FAR 10.001 requires market research for acquisitions exceeding the
simplified acquisition threshold ($250,000). Market research is also encouraged for lower-
dollar acquisitions and must be conducted before developing specifications or soliciting
offers.*
4. What is the purpose of a Statement of Work (SOW)?
A) To evaluate contractor past performance
B) To describe the work to be performed
C) To establish the contract price
D) To select the source
***Rationale The Statement of Work (SOW) describes the specific tasks, deliverables,
and requirements to be performed by the contractor. It is a critical document that forms the
basis for performance and evaluation. FAR Part 37 provides guidance on service contracts.
5. Which acquisition strategy emphasizes using commercial items to the maximum extent
possible?
A) Performance-based acquisition
B) Commercial item acquisition
C) Cost-reimbursement contracting
D) Sole-source procurement
, ***Rationale FAR Part 12 encourages the acquisition of commercial items to leverage
existing market solutions, reduce lead times, and obtain best value. The Commercial Item
determination is key to streamlining acquisition processes.
6. The acquisition plan must be approved before which activity?
A) Issuing the solicitation
B) Awarding the contract
C) Performing market research
D) Conducting debriefings
***Rationale FAR 7.102 requires the acquisition plan to be approved before the
solicitation is issued. Approval ensures that all acquisition planning requirements have been
addressed and the strategy is sound before engaging offerors.
7. Which of the following is a benefit of conducting market research?
A) Eliminates the need for competition
B) Identifies commercial solutions and industry capabilities
C) Guarantees award to the incumbent contractor
D) Replaces the need for cost analysis
***Rationale Market research identifies existing commercial solutions, industry
capabilities, and potential sources. It informs the acquisition strategy and helps determine
whether commercial items can meet requirements (FAR Part 10).
8. What is the primary purpose of the Acquisition Plan (AP)?
A) To document the acquisition strategy and approach
B) To evaluate contractor proposals
C) To establish the contract price
D) To close out the contract
***Rationale The Acquisition Plan documents the strategy for acquiring goods or services,
including market research, requirements definition, source selection, contract
administration, and other considerations. FAR Part 7 provides guidance on acquisition
planning.
9. Which of the following is required for an acquisition that uses a performance-based
approach?
A) Detailed technical specifications
Answers in Bold Italic & Detailed Rationales – Federal
Acquisition Regulation (FAR) Test Bank for
Contracting Professionals | INSTANT PDF
DOWNLOAD
⭐⭐⭐⭐⭐ "I passed my CON 3990V certification on the first attempt! The bold italic
answers made it easy to review, and the rationales with FAR references helped me understand the
regulation, not just memorize answers. This test bank was the difference between passing and
failing."
EXAM OVERVIEW
The CON 3990V Certification Exam is a comprehensive assessment for federal
contracting professionals, covering the full spectrum of acquisition and procurement
competencies. This exam aligns with the Federal Acquisition Certification in Contracting
(FAC-C) and Defense Acquisition Workforce Improvement Act (DAWIA) requirements.
Component Details
Exam Name CON 3990V Certification Exam
Course CON 3990V – Advanced Contracting
Format Multiple Choice, Scenario-Based Questions
Focus Areas Acquisition Planning, Source Selection, Contract
Administration, Cost & Price Analysis, Ethics, Federal
Acquisition Regulation (FAR)
Target Federal Contracting Officers, Acquisition Professionals,
Audience DOD Contracting Personnel
, TABLE OF CONTENTS
Section Topic Questions
1 Acquisition Planning & Strategy 1-15
2 Source Selection & Evaluation 16-30
3 Contract Types & Selection 31-45
4 Cost & Price Analysis 46-60
5 Contract Administration 61-75
6 Socioeconomic Programs 76-85
7 Ethics & Procurement Integrity 86-95
8 Federal Acquisition Regulation (FAR) 96-110
9 Performance-Based Acquisition 111-120
10 Terminations & Disputes 121-130
11 Simplified Acquisition Procedures 131-140
12 Advanced Scenario-Based Questions 141-150
SECTION 1: ACQUISITION PLANNING & STRATEGY
1. The acquisition planning process begins with which of the following?
A) Issuing the solicitation
B) Conducting market research
C) Awarding the contract
D) Performing cost analysis
***Rationale Acquisition planning begins with market research (FAR Part 10). Market
research identifies available sources, commercial items, and helps determine the most
suitable acquisition approach. All other steps follow after market research is completed.
2. Which of the following is a key component of an Acquisition Plan (AP)?
, A) Statement of Objectives (SOO)
B) Contract closeout procedures only
C) Past performance evaluations
D) Bid protest procedures
****Rationale The Statement of Objectives (SOO) is a key component of the acquisition
plan. It describes the high-level outcomes and objectives, allowing offerors to propose
innovative solutions. FAR Part 7 requires acquisition plans for all acquisitions exceeding
certain thresholds.*
3. Market research is required for acquisitions exceeding which dollar threshold?
A) $250,000
B) $100,000
C) $500,000
D) $1,000,000
****Rationale FAR 10.001 requires market research for acquisitions exceeding the
simplified acquisition threshold ($250,000). Market research is also encouraged for lower-
dollar acquisitions and must be conducted before developing specifications or soliciting
offers.*
4. What is the purpose of a Statement of Work (SOW)?
A) To evaluate contractor past performance
B) To describe the work to be performed
C) To establish the contract price
D) To select the source
***Rationale The Statement of Work (SOW) describes the specific tasks, deliverables,
and requirements to be performed by the contractor. It is a critical document that forms the
basis for performance and evaluation. FAR Part 37 provides guidance on service contracts.
5. Which acquisition strategy emphasizes using commercial items to the maximum extent
possible?
A) Performance-based acquisition
B) Commercial item acquisition
C) Cost-reimbursement contracting
D) Sole-source procurement
, ***Rationale FAR Part 12 encourages the acquisition of commercial items to leverage
existing market solutions, reduce lead times, and obtain best value. The Commercial Item
determination is key to streamlining acquisition processes.
6. The acquisition plan must be approved before which activity?
A) Issuing the solicitation
B) Awarding the contract
C) Performing market research
D) Conducting debriefings
***Rationale FAR 7.102 requires the acquisition plan to be approved before the
solicitation is issued. Approval ensures that all acquisition planning requirements have been
addressed and the strategy is sound before engaging offerors.
7. Which of the following is a benefit of conducting market research?
A) Eliminates the need for competition
B) Identifies commercial solutions and industry capabilities
C) Guarantees award to the incumbent contractor
D) Replaces the need for cost analysis
***Rationale Market research identifies existing commercial solutions, industry
capabilities, and potential sources. It informs the acquisition strategy and helps determine
whether commercial items can meet requirements (FAR Part 10).
8. What is the primary purpose of the Acquisition Plan (AP)?
A) To document the acquisition strategy and approach
B) To evaluate contractor proposals
C) To establish the contract price
D) To close out the contract
***Rationale The Acquisition Plan documents the strategy for acquiring goods or services,
including market research, requirements definition, source selection, contract
administration, and other considerations. FAR Part 7 provides guidance on acquisition
planning.
9. Which of the following is required for an acquisition that uses a performance-based
approach?
A) Detailed technical specifications
