2026-2027 Latest FAC-C Certification exam Prep
Test Bank 2 with 350 Real Exam Simulation
Questions and Correct Answers/ FAC-C Exam
(government contracting and FAR principles)
What is the primary purpose of FAR Part 1?
A) To define contract types
B) To set forth the basic policies and general information about the Federal
Acquisition Regulations System
C) To describe competition requirements
D) To list contract clauses
-ANSWER- B
According to FAR 1.102-2, the acquisition system must be based on:
A) Strict adherence to rules without exception
B) A philosophy of trust, empowerment, and teamwork
C) Maximum government control over contractors
D) Elimination of all risk
-ANSWER- B
Which of the following is a key principle of the Federal Acquisition System?
A) Maximize administrative costs
B) Conduct business with integrity, fairness, and openness
C) Eliminate all competition
D) Avoid customer satisfaction concerns
-ANSWER- B
What does FAR 1.102-3 state about the Acquisition Team?
A) It consists only of government employees
B) It consists of all participants in government acquisition including contractors
C) It excludes technical representatives
D) It only includes procurement personnel
-ANSWER- B
1
,According to FAR 1.102-4(a), government members of the acquisition team must
be:
A) Micromanaged at all times
B) Empowered to make acquisition decisions within their areas of responsibility
C) Limited to administrative tasks only
D) Excluded from decision-making
-ANSWER- B
What is the purpose of FAR 1.602-2 regarding contracting officer responsibilities?
A) To limit the authority of contracting officers
B) To ensure contracting officers safeguard the interests of the United States
C) To eliminate the need for contract administration
D) To give program managers contracting authority
-ANSWER- B
According to FAR 2.101, a "contract" includes all of the following EXCEPT:
A) Awards and notices of awards
B) Letter contracts
C) Grants and cooperative agreements
D) Purchase orders
-ANSWER- C
What is the definition of "acquisition" according to FAR 2.101?
A) Only the purchase of existing supplies
B) Acquiring by contract with appropriated funds of supplies or services by and for
the use of the federal government
C) Only the development of new products
D) The process of closing out contracts
-ANSWER- B
When does acquisition begin according to FAR 2.101?
A) At contract award
B) At the point when agency needs are established
C) At contract closeout
D) After performance is complete
-ANSWER- B
What is the purpose of FAR Part 3?
A) To define contract types
B) To prescribe policies and procedures regarding improper business practices and
2
,personal conflicts of interest
C) To describe competition requirements
D) To list contract clauses
-ANSWER- B
Statutory authorities permitting contracting without providing for full and open
competition include: (Select all that apply)
A) Only one responsible source
B) Unusual and compelling urgency
C) National security
D) Public interest
-ANSWER- A, B, C, D
Market research means:
A) Collecting and analyzing information about capabilities within the market to
satisfy agency needs
B) Only collecting price information
C) Only analyzing competitor information
D) Only surveying customers
-ANSWER- A
Contracts for commercial items shall rely on ___ existing quality assurance
systems as a substitute for Government inspection.
A) The Government's
B) Contractors'
C) Third party
D) International
-ANSWER- B
Who can modify or change contracts on behalf of the Government?
A) Any government employee
B) Only warranted contracting officers acting within the scope of their authority
C) Program managers
D) CORs
-ANSWER- B
What form is used to issue a change order?
A) SF 26
B) SF 30
C) SF 33
3
, D) SF 1449
-ANSWER- B
All changes to commercial contracts must be ___ in type.
A) Unilateral
B) Bilateral
C) Administrative
D) Major
-ANSWER- B
What are the two main types of termination?
A) Termination for default and termination for convenience
B) Termination for cause and termination for non-performance
C) Partial termination and complete termination
D) Voluntary termination and involuntary termination
-ANSWER- A
Termination for cause is similar to default termination except it applies to:
A) Cost-reimbursement contracts
B) Commercial contract formats (FAR Part 12)
C) Time-and-materials contracts
D) Labor-hour contracts
-ANSWER- B
Notices of termination must be done in ___ to the contractor.
A) Verbal communication
B) Writing
C) Email only
D) Text message
-ANSWER- B
Each solicitation of offers expected to exceed 750,000(750,000(1.5 million for
construction) shall require the apparently successful offeror to submit:
A) A price proposal
B) An acceptable subcontracting plan
C) A technical proposal
D) A past performance reference
-ANSWER- B
4
Test Bank 2 with 350 Real Exam Simulation
Questions and Correct Answers/ FAC-C Exam
(government contracting and FAR principles)
What is the primary purpose of FAR Part 1?
A) To define contract types
B) To set forth the basic policies and general information about the Federal
Acquisition Regulations System
C) To describe competition requirements
D) To list contract clauses
-ANSWER- B
According to FAR 1.102-2, the acquisition system must be based on:
A) Strict adherence to rules without exception
B) A philosophy of trust, empowerment, and teamwork
C) Maximum government control over contractors
D) Elimination of all risk
-ANSWER- B
Which of the following is a key principle of the Federal Acquisition System?
A) Maximize administrative costs
B) Conduct business with integrity, fairness, and openness
C) Eliminate all competition
D) Avoid customer satisfaction concerns
-ANSWER- B
What does FAR 1.102-3 state about the Acquisition Team?
A) It consists only of government employees
B) It consists of all participants in government acquisition including contractors
C) It excludes technical representatives
D) It only includes procurement personnel
-ANSWER- B
1
,According to FAR 1.102-4(a), government members of the acquisition team must
be:
A) Micromanaged at all times
B) Empowered to make acquisition decisions within their areas of responsibility
C) Limited to administrative tasks only
D) Excluded from decision-making
-ANSWER- B
What is the purpose of FAR 1.602-2 regarding contracting officer responsibilities?
A) To limit the authority of contracting officers
B) To ensure contracting officers safeguard the interests of the United States
C) To eliminate the need for contract administration
D) To give program managers contracting authority
-ANSWER- B
According to FAR 2.101, a "contract" includes all of the following EXCEPT:
A) Awards and notices of awards
B) Letter contracts
C) Grants and cooperative agreements
D) Purchase orders
-ANSWER- C
What is the definition of "acquisition" according to FAR 2.101?
A) Only the purchase of existing supplies
B) Acquiring by contract with appropriated funds of supplies or services by and for
the use of the federal government
C) Only the development of new products
D) The process of closing out contracts
-ANSWER- B
When does acquisition begin according to FAR 2.101?
A) At contract award
B) At the point when agency needs are established
C) At contract closeout
D) After performance is complete
-ANSWER- B
What is the purpose of FAR Part 3?
A) To define contract types
B) To prescribe policies and procedures regarding improper business practices and
2
,personal conflicts of interest
C) To describe competition requirements
D) To list contract clauses
-ANSWER- B
Statutory authorities permitting contracting without providing for full and open
competition include: (Select all that apply)
A) Only one responsible source
B) Unusual and compelling urgency
C) National security
D) Public interest
-ANSWER- A, B, C, D
Market research means:
A) Collecting and analyzing information about capabilities within the market to
satisfy agency needs
B) Only collecting price information
C) Only analyzing competitor information
D) Only surveying customers
-ANSWER- A
Contracts for commercial items shall rely on ___ existing quality assurance
systems as a substitute for Government inspection.
A) The Government's
B) Contractors'
C) Third party
D) International
-ANSWER- B
Who can modify or change contracts on behalf of the Government?
A) Any government employee
B) Only warranted contracting officers acting within the scope of their authority
C) Program managers
D) CORs
-ANSWER- B
What form is used to issue a change order?
A) SF 26
B) SF 30
C) SF 33
3
, D) SF 1449
-ANSWER- B
All changes to commercial contracts must be ___ in type.
A) Unilateral
B) Bilateral
C) Administrative
D) Major
-ANSWER- B
What are the two main types of termination?
A) Termination for default and termination for convenience
B) Termination for cause and termination for non-performance
C) Partial termination and complete termination
D) Voluntary termination and involuntary termination
-ANSWER- A
Termination for cause is similar to default termination except it applies to:
A) Cost-reimbursement contracts
B) Commercial contract formats (FAR Part 12)
C) Time-and-materials contracts
D) Labor-hour contracts
-ANSWER- B
Notices of termination must be done in ___ to the contractor.
A) Verbal communication
B) Writing
C) Email only
D) Text message
-ANSWER- B
Each solicitation of offers expected to exceed 750,000(750,000(1.5 million for
construction) shall require the apparently successful offeror to submit:
A) A price proposal
B) An acceptable subcontracting plan
C) A technical proposal
D) A past performance reference
-ANSWER- B
4
