CON 3990V Final Exam | Explore 200 All
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SECTION 1: FEDERAL ACQUISITION REGULATION (FAR) SYSTEM (22 Questions)
Q1: What is the primary purpose of the Federal Acquisition Regulation (FAR) as stated in FAR
1.101?
A. To establish uniform policies and procedures for all federal executive agencies
B. To provide guidance only to the Department of Defense acquisitions
C. To regulate only commercial item acquisitions under $250,000
D. To serve as a voluntary reference for state and local governments
Correct Answer: A
Rationale: Correct because FAR 1.101 states the purpose of the FAR is to codify and publish
uniform policies and procedures for acquisition by all executive agencies.
Q2: Under FAR 1.201, the FAR System consists of the FAR and which of the following?
A. Only agency-level regulations
B. Agency acquisition regulations that implement or supplement the FAR
C. Contractor proposals and bid instructions
D. Congressional appropriations language
Correct Answer: B
Rationale: Correct because FAR 1.201 establishes that the FAR System consists of the FAR itself
and agency acquisition regulations that implement or supplement the FAR.
Q3: Which Act established the requirement for a simplified acquisition threshold initially set at
$100,000 and later increased?
A. Competition in Contracting Act (CICA)
B. Federal Acquisition Streamlining Act (FASA) of 1994
C. Clinger-Cohen Act of 1996
D. Truth in Negotiations Act (TINA)
Correct Answer: B
Rationale: Correct because the Federal Acquisition Streamlining Act (FASA) of 1994 established
the simplified acquisition threshold and streamlined acquisition procedures.
,Q4: The Defense Federal Acquisition Regulation Supplement (DFARS) is issued under the
authority of which official?
A. The Administrator of the Office of Federal Procurement Policy (OFPP)
B. The Secretary of Defense
C. The Administrator of General Services
D. The Comptroller General
Correct Answer: B
Rationale: Correct because DFARS is issued by the Department of Defense under the authority of
the Secretary of Defense to implement and supplement the FAR for DoD acquisitions.
Q5: Under FAR 1.403, who has the authority to issue deviations from the FAR?
A. Only the OFPP Administrator
B. The agency head or authorized designee
C. Any contracting officer with a warrant
D. The Government Accountability Office (GAO)
Correct Answer: B
Rationale: Correct because FAR 1.403 specifies that deviations from the FAR require authorization
by the agency head or a designee with specific deviation authority.
Q6: What is the threshold for a class deviation under FAR 1.404?
A. $100,000
B. $500,000
C. There is no dollar threshold; class deviations apply to multiple acquisitions
D. $1,000,000
Correct Answer: C
Rationale: Correct because FAR 1.404 defines a class deviation as a deviation that affects multiple
acquisitions without establishing a specific dollar threshold.
Q7: Under FAR Part 2, a "commercial item" includes which of the following?
A. Only items sold in the commercial marketplace
B. Items of a type customarily used by the general public or by non-governmental entities
C. Services performed exclusively for federal agencies
D. Research and development contracts over $5 million
Correct Answer: B
,Rationale: Correct because FAR 2.101 defines commercial items as items of a type customarily
used by the general public or by non-governmental entities for non-governmental purposes.
Q8: Which FAR part addresses improper business practices and personal conflicts of interest?
A. FAR Part 1
B. FAR Part 2
C. FAR Part 3
D. FAR Part 4
Correct Answer: C
Rationale: Correct because FAR Part 3 specifically addresses improper business practices,
personal conflicts of interest, and standards of conduct for federal acquisition personnel.
Q9: Under FAR 4.803, what is the minimum retention period for contract files?
A. One year after final payment
B. Three years after final payment
C. Six years and three months after final payment
D. Permanently
Correct Answer: C
Rationale: Correct because FAR 4.803 requires contract files to be retained for six years and three
months after final payment for contracts using appropriated funds.
Q10: FAR Part 5 requires publicizing contract actions to promote which fundamental principle?
A. Cost savings exclusively
B. Competition and transparency
C. Sole source justifications
D. Small business preferences
Correct Answer: B
Rationale: Correct because FAR Part 5 establishes requirements for publicizing contract actions
to promote competition and transparency in federal acquisitions.
Q11: Under FAR 6.101, competition in contracting is required to obtain what outcome?
A. The lowest possible price regardless of quality
B. The best value for the government
C. Exclusive awards to small businesses
D. Expedited contract awards
Correct Answer: B
, Rationale: Correct because FAR 6.101 establishes that the objective of competition is to obtain
the best value for the government, balancing price and other factors.
Q12: Which of the following is NOT an exception to full and open competition under FAR 6.3?
A. Only one responsible source
B. Unusual and compelling urgency
C. Standard commercial item acquisition
D. Industrial mobilization or expert services
Correct Answer: C
Rationale: Correct because standard commercial item acquisition is not listed as an exception to
full and open competition under FAR 6.3; commercial items still require competition when
practicable.
Q13: The Clinger-Cohen Act of 1996 primarily addresses which type of acquisition?
A. Construction contracts
B. Information technology acquisitions
C. Small business set-asides
D. International procurement
Correct Answer: B
Rationale: Correct because the Clinger-Cohen Act of 1996 established a comprehensive
framework for information technology management and acquisition in the federal government.
Q14: Under the Defense Acquisition Workforce Improvement Act (DAWIA), which certification
level is required for a contracting officer with unlimited warrant authority?
A. Level I
B. Level II
C. Level III
D. No certification is required
Correct Answer: C
Rationale: Correct because DAWIA requires Level III certification in the contracting career field for
contracting officers with unlimited warrant authority.
Q15: FAR Part 8 requires agencies to satisfy requirements from which sources before considering
open market acquisitions?
A. Only GSA schedules
B. Mandatory and required sources in a specific priority sequence
C. Any commercial source offering the lowest price
Possible Questions and Answers | Update
| 100% Correct-DAU
SECTION 1: FEDERAL ACQUISITION REGULATION (FAR) SYSTEM (22 Questions)
Q1: What is the primary purpose of the Federal Acquisition Regulation (FAR) as stated in FAR
1.101?
A. To establish uniform policies and procedures for all federal executive agencies
B. To provide guidance only to the Department of Defense acquisitions
C. To regulate only commercial item acquisitions under $250,000
D. To serve as a voluntary reference for state and local governments
Correct Answer: A
Rationale: Correct because FAR 1.101 states the purpose of the FAR is to codify and publish
uniform policies and procedures for acquisition by all executive agencies.
Q2: Under FAR 1.201, the FAR System consists of the FAR and which of the following?
A. Only agency-level regulations
B. Agency acquisition regulations that implement or supplement the FAR
C. Contractor proposals and bid instructions
D. Congressional appropriations language
Correct Answer: B
Rationale: Correct because FAR 1.201 establishes that the FAR System consists of the FAR itself
and agency acquisition regulations that implement or supplement the FAR.
Q3: Which Act established the requirement for a simplified acquisition threshold initially set at
$100,000 and later increased?
A. Competition in Contracting Act (CICA)
B. Federal Acquisition Streamlining Act (FASA) of 1994
C. Clinger-Cohen Act of 1996
D. Truth in Negotiations Act (TINA)
Correct Answer: B
Rationale: Correct because the Federal Acquisition Streamlining Act (FASA) of 1994 established
the simplified acquisition threshold and streamlined acquisition procedures.
,Q4: The Defense Federal Acquisition Regulation Supplement (DFARS) is issued under the
authority of which official?
A. The Administrator of the Office of Federal Procurement Policy (OFPP)
B. The Secretary of Defense
C. The Administrator of General Services
D. The Comptroller General
Correct Answer: B
Rationale: Correct because DFARS is issued by the Department of Defense under the authority of
the Secretary of Defense to implement and supplement the FAR for DoD acquisitions.
Q5: Under FAR 1.403, who has the authority to issue deviations from the FAR?
A. Only the OFPP Administrator
B. The agency head or authorized designee
C. Any contracting officer with a warrant
D. The Government Accountability Office (GAO)
Correct Answer: B
Rationale: Correct because FAR 1.403 specifies that deviations from the FAR require authorization
by the agency head or a designee with specific deviation authority.
Q6: What is the threshold for a class deviation under FAR 1.404?
A. $100,000
B. $500,000
C. There is no dollar threshold; class deviations apply to multiple acquisitions
D. $1,000,000
Correct Answer: C
Rationale: Correct because FAR 1.404 defines a class deviation as a deviation that affects multiple
acquisitions without establishing a specific dollar threshold.
Q7: Under FAR Part 2, a "commercial item" includes which of the following?
A. Only items sold in the commercial marketplace
B. Items of a type customarily used by the general public or by non-governmental entities
C. Services performed exclusively for federal agencies
D. Research and development contracts over $5 million
Correct Answer: B
,Rationale: Correct because FAR 2.101 defines commercial items as items of a type customarily
used by the general public or by non-governmental entities for non-governmental purposes.
Q8: Which FAR part addresses improper business practices and personal conflicts of interest?
A. FAR Part 1
B. FAR Part 2
C. FAR Part 3
D. FAR Part 4
Correct Answer: C
Rationale: Correct because FAR Part 3 specifically addresses improper business practices,
personal conflicts of interest, and standards of conduct for federal acquisition personnel.
Q9: Under FAR 4.803, what is the minimum retention period for contract files?
A. One year after final payment
B. Three years after final payment
C. Six years and three months after final payment
D. Permanently
Correct Answer: C
Rationale: Correct because FAR 4.803 requires contract files to be retained for six years and three
months after final payment for contracts using appropriated funds.
Q10: FAR Part 5 requires publicizing contract actions to promote which fundamental principle?
A. Cost savings exclusively
B. Competition and transparency
C. Sole source justifications
D. Small business preferences
Correct Answer: B
Rationale: Correct because FAR Part 5 establishes requirements for publicizing contract actions
to promote competition and transparency in federal acquisitions.
Q11: Under FAR 6.101, competition in contracting is required to obtain what outcome?
A. The lowest possible price regardless of quality
B. The best value for the government
C. Exclusive awards to small businesses
D. Expedited contract awards
Correct Answer: B
, Rationale: Correct because FAR 6.101 establishes that the objective of competition is to obtain
the best value for the government, balancing price and other factors.
Q12: Which of the following is NOT an exception to full and open competition under FAR 6.3?
A. Only one responsible source
B. Unusual and compelling urgency
C. Standard commercial item acquisition
D. Industrial mobilization or expert services
Correct Answer: C
Rationale: Correct because standard commercial item acquisition is not listed as an exception to
full and open competition under FAR 6.3; commercial items still require competition when
practicable.
Q13: The Clinger-Cohen Act of 1996 primarily addresses which type of acquisition?
A. Construction contracts
B. Information technology acquisitions
C. Small business set-asides
D. International procurement
Correct Answer: B
Rationale: Correct because the Clinger-Cohen Act of 1996 established a comprehensive
framework for information technology management and acquisition in the federal government.
Q14: Under the Defense Acquisition Workforce Improvement Act (DAWIA), which certification
level is required for a contracting officer with unlimited warrant authority?
A. Level I
B. Level II
C. Level III
D. No certification is required
Correct Answer: C
Rationale: Correct because DAWIA requires Level III certification in the contracting career field for
contracting officers with unlimited warrant authority.
Q15: FAR Part 8 requires agencies to satisfy requirements from which sources before considering
open market acquisitions?
A. Only GSA schedules
B. Mandatory and required sources in a specific priority sequence
C. Any commercial source offering the lowest price
