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FAC-C CERTIFICATION EXAM NEWEST ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH EXPLANATIONS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW VERSION!!$32.49
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FAC-C CERTIFICATION EXAM NEWEST
2024-2025 ACTUAL EXAM 200 QUESTIONS
AND CORRECT DETAILED ANSWERS WITH
EXPLANATIONS (VERIFIED ANSWERS)
|ALREADY GRADED A+||BRAND NEW
VERSION!!
Which authority is legally binding in Government contracting
and recognized by the courts?
Apparent Authority
Actual Authority
Guaranteed Authority - ANSWER- The correct answer is Actual
Authority. Reference: Construction Foresite, Inc., ASBCA No.
42350, 93-1 BCA Para. 25,515.
In DoD contracting, who has the authority to enter into a legally
binding contract?
,2|Page
Contracting Officer
Program Manager
Financial Manager
Engineer - ANSWER- The Contracting Officer has the authority
to enter into a legally binding contract.
True or False:
Each authority is NOT delegable unless specifically stated
otherwise. - ANSWER- False
Which of the following are essential elements of a contract
(select all that apply)?
Capacity
Consideration
,3|Page
Common Ground
Mutual Assent
Lawful Purpose - ANSWER- The correct answer is Capacity,
Consideration, Mutual Assent, and Lawful Purpose.
True or False:
A contract is defined as a mutually binding legal relationship
obligating the seller to furnish the supplies or services (including
construction) and the buyer to pay for them. - ANSWER- True
True or False:
Capacity is when each party either makes a promise or begins to
render performance. - ANSWER- False, Capacity is the ability
to understand and appreciate the terms of the contract
Market research can be ______________.
Strategic
, 4|Page
Tactical
Both A and B - ANSWER- Both A and B
True or False:
The extent of market research will vary, depending on such
factors as urgency, estimated dollar value, complexity, and past
experience. - ANSWER- True
True or False:
Generally, unless an exception applies or is otherwise expressly
authorized by statute, Contracting Officers shall promote and
provide for full and open competition in soliciting offers and
awarding Government contracts. - ANSWER- True
The competitive procedures available for use in fulfilling the
requirement for full and open competition are - (select all that
apply).
Sealed bids
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