CON 3990 FINAL EXAM 2 VESIONS AND PRACTICE
QUESTIONS 2025-2026 BANK ACTUAL QUESTIONS
WITH DETAILED CORRECT ANSWERS VERIFIED
FOR GUARANTEED PASS/ALREADY GRADED A
How long should the CPARS reporting proces take?...ANSWER..The
CPARS reporting process should take no longer than 120 days.
Phases of the Contracting Process...ANSWER..Pre-Award; Award; Post-
Award
Pre-award phase consists of two primary activities:...ANSWER..1.
Develop Solicitation (for our purposes, this is done by the
Government or the contractor, focused on obtaining a subcontractor).
2. Develop Offer (this is done by the Contractor or Subcontractor)
Award phase consists of one primary activity:...ANSWER..Form
Contract: Evaluation of Offers; Negotiation and discussion; Selection
of awardees
Post-award phase consists of two primary activities:...ANSWER..1.
Perform Contract
2. Close Contract
Who develops a solicitation?...ANSWER..The Government & The
Buyer.
,Who prepares an offer?...ANSWER..The Contractor and the seller
During the post-award phase while the contract is being performed,
who has responsibility for quality?...ANSWER..The sellers responsibility
during the post-award phase to assure quality while the contract is
being performed.
What is Acqusition?...ANSWER..Acquisition means the acquiring by
contract with appropriated funds of supplies or services (including
construction) by and for the use of the Federal Government through
purchase or lease, whether the supplies or services are already in
existence or must be created, developed, demonstrated, and
evaluated.
When does the acquisition begins?...ANSWER..Acquisition begins at
the point when agency needs are established
What does acquisition process includes?...ANSWER..· description of
requirements to satisfy agency needs; solicitation and selection of
sources;
· award of contracts;
· contract financing,
· contract performance,
· contract administration,
2|Page
,· technical and management functions directly related to the process
of fulfilling agency needs by contract.
What does the acquisition Team consists of?...ANSWER..All
participants in Government acquisition:
- technical
- Supply
- Procurement
- Customers they serve
- Contractors who provide the products and services.
KO's role on ACQ team?...ANSWER..The contracting officer must have
the authority to the maximum extent practicable and consistent with
law, to determine the application of rules, regulations, and policies,
on a specific contract.
Considerations for the KO's appointment...ANSWER..- complexity
- dollar value of the acquisitions to be assigned
- candidate's experience
- training and education
- business acumen
- judgment, character, and reputation
3|Page
, DoD KO requirements...ANSWER..1. completed all contracting courses
required for a contracting officer
2. At least 2 years experience in a contracting position.
3. Baccalaureate degree from an accredited educational institution.
4. Additional requirements as may be established by the Secretary of
Defense.
Contracting Officer Responsibilities...ANSWER..1. Ensure sufficient
funds are available for obligation for each contract action. (FAR 1.602-
2(a))
2. KO shall ensure that contractors receive impartial, fair, and
equitable treatment. (for all types of coms verbal and written)
3. KO shall request and consider the advice of specialists (audit,
engineering etc)
4. KO shall designate CORs in writing and furnish copies to the
contractor and the contract administration office.
Transparency and Open Communications...ANSWER..business of
acquisition should be conducted with openness. and integrity by
everyone involved in the ACQ process
Guiding principle of the Federal Acquisition:...ANSWER..To satisfy
customers in terms of cost, quality, and timeliness of the delivered
product or service.
4|Page
QUESTIONS 2025-2026 BANK ACTUAL QUESTIONS
WITH DETAILED CORRECT ANSWERS VERIFIED
FOR GUARANTEED PASS/ALREADY GRADED A
How long should the CPARS reporting proces take?...ANSWER..The
CPARS reporting process should take no longer than 120 days.
Phases of the Contracting Process...ANSWER..Pre-Award; Award; Post-
Award
Pre-award phase consists of two primary activities:...ANSWER..1.
Develop Solicitation (for our purposes, this is done by the
Government or the contractor, focused on obtaining a subcontractor).
2. Develop Offer (this is done by the Contractor or Subcontractor)
Award phase consists of one primary activity:...ANSWER..Form
Contract: Evaluation of Offers; Negotiation and discussion; Selection
of awardees
Post-award phase consists of two primary activities:...ANSWER..1.
Perform Contract
2. Close Contract
Who develops a solicitation?...ANSWER..The Government & The
Buyer.
,Who prepares an offer?...ANSWER..The Contractor and the seller
During the post-award phase while the contract is being performed,
who has responsibility for quality?...ANSWER..The sellers responsibility
during the post-award phase to assure quality while the contract is
being performed.
What is Acqusition?...ANSWER..Acquisition means the acquiring by
contract with appropriated funds of supplies or services (including
construction) by and for the use of the Federal Government through
purchase or lease, whether the supplies or services are already in
existence or must be created, developed, demonstrated, and
evaluated.
When does the acquisition begins?...ANSWER..Acquisition begins at
the point when agency needs are established
What does acquisition process includes?...ANSWER..· description of
requirements to satisfy agency needs; solicitation and selection of
sources;
· award of contracts;
· contract financing,
· contract performance,
· contract administration,
2|Page
,· technical and management functions directly related to the process
of fulfilling agency needs by contract.
What does the acquisition Team consists of?...ANSWER..All
participants in Government acquisition:
- technical
- Supply
- Procurement
- Customers they serve
- Contractors who provide the products and services.
KO's role on ACQ team?...ANSWER..The contracting officer must have
the authority to the maximum extent practicable and consistent with
law, to determine the application of rules, regulations, and policies,
on a specific contract.
Considerations for the KO's appointment...ANSWER..- complexity
- dollar value of the acquisitions to be assigned
- candidate's experience
- training and education
- business acumen
- judgment, character, and reputation
3|Page
, DoD KO requirements...ANSWER..1. completed all contracting courses
required for a contracting officer
2. At least 2 years experience in a contracting position.
3. Baccalaureate degree from an accredited educational institution.
4. Additional requirements as may be established by the Secretary of
Defense.
Contracting Officer Responsibilities...ANSWER..1. Ensure sufficient
funds are available for obligation for each contract action. (FAR 1.602-
2(a))
2. KO shall ensure that contractors receive impartial, fair, and
equitable treatment. (for all types of coms verbal and written)
3. KO shall request and consider the advice of specialists (audit,
engineering etc)
4. KO shall designate CORs in writing and furnish copies to the
contractor and the contract administration office.
Transparency and Open Communications...ANSWER..business of
acquisition should be conducted with openness. and integrity by
everyone involved in the ACQ process
Guiding principle of the Federal Acquisition:...ANSWER..To satisfy
customers in terms of cost, quality, and timeliness of the delivered
product or service.
4|Page
