FAC-C Test Prep Study Guide Questions and Answers with Complete Solutions UPDATED 2024
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Course
FAC-C .
Institution
FAC-C .
Who develops a solicitation? (Select all that are correct)
The Government
The offeror
The seller
The buyer -Correct Answer The Government and The buyer are the correct answers.
Who prepares an offer? (Select all that is correct)
The Government
The contractor
The seller
Th...
FAC-C Test Prep Study Guide Questions
and Answers with Complete Solutions
UPDATED 2024
Who develops a solicitation? (Select all that are correct)
The Government
The offeror
The seller
The buyer -Correct Answer ✔The Government and The buyer are the correct answers.
Who prepares an offer? (Select all that is correct)
The Government
The contractor
The seller
The buyer -Correct Answer ✔The contractor and The seller are the correct answers
During the post-award phase while the
contract is being performed, who has
responsibility for quality?
The Seller
The Buyer -Correct Answer ✔The Seller
Where in the FAR is: Personal conflict of interest?
FAR part 3
FAR part 9
FAR part 13 -Correct Answer ✔Guidance provided in FAR part 3
Where in the FAR is: Organizational conflict of interest?
FAR part 12
FAR part 9
FAR part 19 -Correct Answer ✔Guidance provided in FAR Part 9
FAC-C Test Prep
,FAC-C Test Prep
Openness for the contracting officer applies primarily to? (Select all that apply)
The Acquisition Team
Contractors
Offerors
The Contracting Team -Correct Answer ✔The Acquisition Team, Contractors, Offerors
and The Contracting Team are the correct answers.
You need to document a business decision, such as the use of a specific contract type.
What document will you create?
A Justification and Approval
A Determination and Findings
A Memorandum for Record
A Statement of Fact -Correct Answer ✔A Determination and Findings is the correct
answer.
At the conclusion of negotiations, the contracting officer will complete a -Correct Answer
✔A Price Negotiation Memorandum is the correct answer.
Prior to negotiating a sole source contract, the contracting officer must complete a:
Negotiation Completion Memorandum
Price Objective Memorandum
Price Negotiation Memorandum
Justification and Approval -Correct Answer ✔Justification and Approval
True or False:
Government business shall be conducted in a manner that is above reproach, with
complete impartiality, and with preferential treatment for none. -Correct Answer ✔True
True or False:
No person or other entity may disclose contractor bid or proposal information or source
selection information to any person other than a person authorized, in accordance with
FAC-C Test Prep
,FAC-C Test Prep
applicable agency regulations or procedures, by the agency head or the contracting
officer to receive such information. -Correct Answer ✔True
The Anti-Kickback Act of 1986 prohibits any person from- (select all that apply)
Providing, attempting to provide, or offering to provide any kickback
Accepting a gift of over $100 throughout the course of a calendar year.
Soliciting, accepting, or attempting to accept any kickback
Including, directly or indirectly, the amount of any kickback in the contract price charged
by a subcontractor to a prime contractor or a higher tier subcontractor or in the contract
price charged by a prime contractor to the United States. -Correct Answer ✔Providing,
attempting to provide, or offering to provide any kickback, Soliciting, accepting, or
attempting to accept any kickback and Including, directly or indirectly, the amount of any
kickback in the contract price charged by a subcontractor to a prime contractor or a
higher tier subcontractor or in the contract price charged by a prime contractor to the
United States are the correct selections.
True or False:
Federal employees are prohibited from soliciting or accepting gifts offered "because of
the employee's official position" or gifts offered by a "prohibited source." -Correct
Answer ✔True
True or False:
A "personal conflict of interest" is a situation where an individual is employed by a
defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity or appear to
be unduly influenced by personal financial interest. -Correct Answer ✔True
What are the broad categories of OCI: (select all that apply).
There are three basic approaches available to contractors and the Agency for dealing
with OCI issues, as follows: (select all that apply).
Avoid
Neutralize
Substantiate
Mitigate -Correct Answer ✔Avoid
Neutralize
Mitigate
The vision of the Federal Acquisition System consists of: (select 2)
Acquisition process participants should work together as a team, but decision-making
should be at a higher level.
Deliver on a timely basis the best-value products and services to the customer.
Maintain the public's trust and fulfill public policy objectives. -Correct Answer ✔Deliver
on a timely basis the best-value products and services to the customer and maintain the
public's trust and fulfill public policy objectives are the correct answers.
Contracting Life-cycle costs consist of the following (select 4):
Acquisition costs
Supporting costs
Entertainment costs
Disposal costs
Operating costs -Correct Answer ✔Acquisition costs, supporting costs, disposal costs,
and operating costs are the correct answers.
Market research shall be conducted:
Only after release of a solicitation but prior to receiving proposals.
Only after receiving proposals, but prior to making award.
FAC-C Test Prep
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