CON 3990 FAR Exam Practice Questions and Answers | Latest Update 2023/2024. FAR Part 2 -CORRECT ANSWER Definitions of Words and Terms
FAR Part 3 -CORRECT ANSWER Improper Business Practices & Personal Conflicts of Interest
FAR Part 4 -CORRECT ANSWER Administrative Matters
FAR Part 5 -CORRECT ANSW...
FAR Part 1 -CORRECT ANSWER Federal Acquisition Regulation System FAR Part 2 -CORRECT ANSWER Definitions of Words and Terms FAR Part 3 -CORRECT ANSWER Improper Business Practices & Personal Conflicts of Interest FAR Part 4 -CORRECT ANSWER Administrative Matters FAR Part 5 -CORRECT ANSWER Publicizing Contract Actions FAR Part 6 -CORRECT ANSWER Competitive Requirements FAR Part 7 -CORRECT ANSWER Acquisition Planning FAR Part 8 -CORRECT ANSWER Required Sources of Supplies and Service FAR Part 10 -CORRECT ANSWER Market Research FAR Part 12 -CORRECT ANSWER Acquisition of Commercial Items FAR Part 13 -CORRECT ANSWER Simplified Acquisition Procedures (SAP) FAR Part 15 -CORRECT ANSWER Contract by Negotiation CON 3990 FAR Parts Exam Questions and Answers Latest Update 2023/2024 Graded A+ FAR Part 16 -CORRECT ANSWER Types of Contracts FAR Part 19 -CORRECT ANSWER Small Business Programs FAR Part 31 -CORRECT ANSWER Contract Cost Principles & Procedures FAR Part 33 -CORRECT ANSWER Protests, Disputes, and Appeals FAR Part 42 -CORRECT ANSWER Contract Administration & Audit Services FAR Part 44 -CORRECT ANSWER Subcontracting Policies & Procedures FAR Part 46 -CORRECT ANSWER Quality Assurance FAR Part 49 -CORRECT ANSWER Termination of Contracts FAR Part 50 -CORRECT ANSWER Extraordinary contractual actions and safety act FAR Part 51 -CORRECT ANSWER Use of Government Sources by Contractors FAR Part 52 -CORRECT ANSWER Solicitation Provisions and Contract Clauses FAR Part 53 -CORRECT ANSWER FORMS Contracting Life Cycle Phases -CORRECT ANSWER 1. Pre-Award 2. Award 3. Post Award Communication and Decision Making Bias -CORRECT ANSWER 1. Minimize influence of Personal biases 2. Maximize the likelihood of a successful result. 3. Facilitate communication among affected parties. Minimize the Effect of Personal Biases -CORRECT ANSWER The contracting professional should strive to minimize the influence of personal biases. Maximize the likelihood of Successful Results -CORRECT ANSWER 1. AR 1.102-4(e) states that contracting officers "should take the lead in encouraging business process innovations and ensuring that business decisions are sound." Facilitate Communications Among Affected Parties -CORRECT ANSWER 1. Effective communication minimizes the effect of personal biases, maximizes the likelihood of successful results, and facilitates communications among affected stakeholders. Cost, quality and timeliness of products and services -CORRECT ANSWER 1. FAR 1.102-2(a) tells contracting professionals that a guiding principle is to satisfy customers in terms of cost, quality, and timeliness of the delivered product or service. Contracting Officer Representative (COR) -CORRECT ANSWER 1. FAR 1.602-2(d)(7) states that contracting officers shall designate CORs in writing and furnish copies to the contractor and the contract administration office Standards of conduct -CORRECT ANSWER 1. FAR 3.101-1 tells us Government business shall be conducted in a manner above reproach and, except as authorized by statute or regulation, with complete impartiality and with preferential treatment for none. Methods of disseminating information -CORRECT ANSWER 1. For proposed contract actions expected to exceed $25,000, by synopsizing in theGovernment-wide Point of Entry (GPE).For proposed contract actions expected to exceed $15,000, but not expected to exceed$25,000. by displaying in a public place. Justification and Approval (J&A) -CORRECT ANSWER 2.FAR 6.303-1(a) states a contracting officer shall not commence negotiations for a sole source contract,commence negotiations for a contract resulting from an unsolicited proposal, or award any othercontract without providing for full and open competition unless the contracting officer- I. Justifies, if required in FAR 6.302, the use of such actions in writing; II. Certifies the accuracy and completeness of the justification; III. (and) Obtains the approval required by FAR 6.304. Post award orientation: -CORRECT ANSWER 1. FAR 42.501(a) states a post award orientation aids both Government and contractor personnel to (1) achieve a clear and mutual understanding of all contract requirements, and (2) identify and resolve potential problems. However, it is not a substitute for the contractor's fully understanding the work requirements at the time offers are submitted, nor is it to be used to alter the final agreement arrived at in any negotiations leading to contract award. Standards of Conduct: -CORRECT ANSWER 1. (FAR 3.101-1). Transactions relating to the expenditure of public funds require the highest degree of public trust and an impeccable standard of conduct. The general rule is to avoid strictly any conflict of interest, or even the appearance of a conflict of interest in government-contractor relationships. Solicitation and Acceptance of Gratuities by Government Personnel -CORRECT ANSWER The overarching rule on accepting gifts from contractor/employees is at (FAR 3.101-2). You may not solicit gifts from anyone, for any reason. This means for yourself or for others. Federal employees are prohibited from soliciting or accepting gifts. Disclosures -CORRECT ANSWER 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 applicable agency regulations or procedures, by the agency head or the contracting officer. Contracts with Government Employees: -CORRECT ANSWER A contracting officer shall not knowingly award a contract to a Government employee or to a business concern or other organization owned or substantially owned or controlled by one or more Government employees (FAR 3.601). Personal Conflicts of interest: -CORRECT ANSWER FAR part 3 covers polices and procedures related to avoiding improper business practices and personal conflicts of interest. 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.
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