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CON 3990 / CON 3990V Ultimate Master 2026 | Latest Update 2026 | FAR + Final Mock Exams + 230 Questions & Answers | Verified Study Guide | Complete Exam Prep

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This CON 3990 / CON 3990V Ultimate Master study resource is designed to help students understand federal contracting and acquisition principles, with a strong focus on the Federal Acquisition Regulation (FAR). It typically includes practice-style questions with detailed explanations covering contract formation, procurement planning, source selection, negotiation strategies, cost and price analysis, and contract administration. The material also emphasizes compliance with FAR requirements, ethical standards in government contracting, and proper documentation throughout the acquisition lifecycle. Its purpose is to build practical knowledge and decision-making skills so learners can apply contracting principles effectively in real-world scenarios and exam settings rather than memorizing actual test questions.

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Institution
CON 3990
Course
CON 3990

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CON 3990 / CON 3990V Ultimate Master 2026 | Latest
Update 2026 | FAR + Final Mock Exams + 230
Questions & Answers | Verified Study Guide | Complete
Exam Prep

What is the primary purpose of the Federal Acquisition System as described in FAR 1.102?

1. To promote international trade agreements

2. To deliver on a timely basis the best value product or service to the customer

3. To limit government spending at all costs

4. To ensure each agency conducts acquisitions identically - correct answer -2. To deliver on a timely
basis the best value product or service to the customer



Which of the following best reflects the core value of the Acquisition Team as described in FAR Part
1.102-3?

1. Rigid adherence to policy

2. Teamwork and empowerment

3. Centralized decision-making

4. Avoidance of contractor input - correct answer -2. Teamwork and empowerment



According to FAR 1.102(d), when a policy or procedure is not addressed in the FAR, which of the
following actions should be taken?

1. Defer to the contracting officer's personal preference

2. Wait for new guidance from the FAR Council

3. Use sound business judgment consistent with the FAR Guiding Principles

4. Cancel the acquisition - correct answer -3. Use sound business judgment consistent with the FAR
Guiding Principles



According to the FAR, who comprises the Acquisition Team?

1. Only contracting officers and program managers

2. Only government procurement attorneys

,3. All participants in the acquisition process, including contractors

4. Only federal employees - correct answer -3. All participants in the acquisition process, including
contractors



Which of the following actions is MOST LIKELY a violation of federal ethical standards for contracting
officers?

1. Declining a vendor-sponsored lunch worth $15

2. Notifying a supervisor of a potential conflict of interest

3. Refusing to disclose source selection information to the public

4. Accepting a holiday gift basket worth $100 from a contractor with an active contract - correct
answer -4. Accepting a holiday gift basket worth $100 from a contractor with an active contract


Which of the following is considered a misuse of position under federal ethics rules?

1. Referring a friend's business to a contracting opportunity using your official email

2. Using your government title in a LinkedIn bio

3. Participating in market research for an upcoming procurement

4. Consulting legal counsel before acting on a perceived conflict - correct answer -1. Referring a
friend's business to a contracting opportunity using your official email



What does the FAR say about the use of "best value" in making acquisition decisions?

1. Best value always means lowest price

2. Best value considers cost only

3. Best value includes cost or price and other factors like quality and performance

4. Best value applies only to construction contracts - correct answer -3. Best value includes cost or
price and other factors like quality and performance



Which of the following best describes the "appearance of impropriety" standard?

1. A rule that applies only when actual misconduct has occurred

2. A standard used to evaluate contracts over $1 million

3. Avoiding actions that may create an appearance of unethical behavior, even if none occurred

,4. A rule requiring written approval from the agency head - correct answer -3. Avoiding actions that
may create an appearance of unethical behavior, even if none occurred



What must a federal employee do upon discovering a potential organizational conflict of interest (OCI)
in a procurement?

1. Notify the contractor directly

2. Ignore it if the contract is under $250,000

3. Report it to the contracting officer or ethics official immediately

4. Terminate the procurement process - correct answer -3. Report it to the contracting officer or ethics
official immediately



On CLIN 0001AB, what does the AB represent?

1. Sub clin

2. Sub CLIN item deliverable

3. The numeric value of the Sub CLIN

4. The cost breakdown of the CLIN - correct answer -2. Sub CLIN item deliverable



A contractor who previously worked for your agency as a program manager submits a bid for a contract
you are overseeing. You recognize their name and know they had access to sensitive procurement
information. What should you do first?

1. Disqualify the contractor automatically due to a conflict of interest.

2. Review whether the contractor had access to proprietary or source selection information.

3. Award the contract but include strict compliance clauses.

4. Notify the contractor and ask them to withdraw their bid voluntarily. - correct answer -2. Review
whether the contractor had access to proprietary or source selection information.



Which of the following best describes a Contracting Officer's authority and responsibilities in federal
procurement?

1. The CO can delegate their authority to any federal government employee without formal
documentation.

2. The CO has the sole authority to enter into, administer, and terminate contracts on behalf of the
federal government.

, 3. The CO is responsible for technical evaluations and deciding contract awards without consulting
others.

4. The CO's primary role is to monitor contractor performance and provide daily oversight. - correct
answer -2. The CO has the sole authority to enter into, administer, and terminate contracts on behalf of
the federal government.



A contractor offers a free training seminar to government acquisition personnel. Under the Procurement
Integrity Act, when is this permissible?

1. If the training is under $50 per person.

2. If the contractor is a small business.

3. If the training is widely available to the public and not tied to a specific procurement.

4. If the contracting officer approves it in advance. - correct answer -3. If the training is widely available
to the public and not tied to a specific procurement.



Which of the following is correct regarding the DFARS Procedures Guidance and Information (PGI)?

1. There is no such thing as a DFARS PGI

2. The DFARS PGI is a companion resource to the DFARS

3. The DFARS PGI is not numbered similarly to the DFARS

4. The DFARS PGI is only used by DCMA and DCAA - correct answer -2. The DFARS PGI is a companion
resource to the DFARS



Which of the following statements best conveys the convention at FAR 1.108(b), delegation of
authority?

1. Authority is not delegable

2. Each authority is delegable down to no lower than one level above the contracting officer

3. Each authority is delegable unless specifically stated otherwise

4. No authority is delegable unless specifically stated otherwise - correct answer -3. Each authority is
delegable unless specifically stated otherwise



In a Determination and Findings, the findings are:

1. Support for the determination

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