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Download FAC-C CERTIFICATION EXAM NOTES | COMPLETE STUDY GUIDE & PRACTICE QUESTIONS and more Exams Federal Courts in PDF only on Docsity!
Page 1 of 202 FAC C Certification Exam Notes & Test Questions with Verified Answers | 2024— 2027 Updated 1. According to FAR 2.101, "Acquisition" means: - A) The purchase of supplies only through sealed bidding - B) The acquiring by contract with appropriated funds of supplies or services by and for the use of the Federal Government « C) Any purchase made with non-appropriated funds - D) The process of awarding grants to nonprofit organizations Answer & Rationale
Answer: B Page 2 of 202 Rationale: FAR 2.101 provides the foundational definition of acquisition: acquiring supplies or services (including construction) by contract using appropriated funds for federal government use, whether those supplies or services already exist or must be created, developed, demonstrated, and evaluated. Acquisition begins when agency needs are established and continues through contract administration. 2. The "Acquisition Team" as defined in FAR 1.102-3 consists of: - A) Only contracting officers and program managers - B) Representatives of the technical, supply, and procurement communities only + C)AIl participants in government acquisition, including technical and procurement personnel, customers, and contractors Page 4 of 202 - B) Govern only Department of Defense acquisitions + C) Replace all agency-specific acquisition regulations + D) Apply solely to contracts above $10 million Answer & Rationale
Answer: A Rationale: The FAR establishes uniform policies and procedures for codification and publication of acquisition processes across all executive agencies. Primary objectives include ensuring fairness, consistency, and transparency in federal procurement. 4. Experience in which fields qualifies toward FAC-C certification requirements? - A) Only direct contracting experience Page 5 of 202 - B) Government contracting and administration, commercial purchasing, business administration, law, accounting, engineering, or related fields + C) Any management experience regardless of field - D) Only military acquisition experience Answer & Rationale
Answer: B Rationale: FAC-C recognizes experience in government contracting and administration, commercial purchasing, or related fields including business administration, law, accounting, and engineering. This allows professionals from diverse backgrounds to qualify. Page 7 of 202 introduction of credentials (mission-focused training packages). FAC-C applies to all executive agencies except DoD, which uses DAWIA. 6. The FAC-C competency model is based on which industry standard? A) ISO 9001 - B) The National Contract Management Standard (NCMA) - C) Six Sigma - D) CMMI Answer & Rationale
Answer: B Rationale: The FAC-C competency model is based on the National Contract Management Standard and includes both Page 8 of 202 buyer and seller tasks with an industry perspective, making it relevant across federal agencies and industry. 7. Who is responsible for acceptance of supplies and services under a federal contract? « A) The contractor - B) The program manager + C) The legal advisor « D) The contracting officer (CO) Answer & Rationale
Answer: D Rationale: The contracting officer has the authority and responsibility for acceptance of supplies and services, ensuring they conform to contract requirements. Page 10 of 202 9. Who develops a solicitation? - A) The contractor - B) The legal department - C) The government (buyer) « D) The end user only Answer & Rationale
Answer: C Rationale: The government (the buyer) is responsible for developing the solicitation, which invites offers from potential contractors. 10. Who prepares an offer in response to a solicitation? - A) The government Page 11 of 202 « B) The contractor (seller) « C) The General Services Administration - D) The Office of Management and Budget Answer & Rationale
Answer: B Rationale: The contractor (seller) prepares and submits an offer in response to a government solicitation. The government may then evaluate and potentially award a contract based on that offer. 11. The term "inspection" in federal contracting is best defined - A)A periodic review of financial records Page 13 of 202 - B) When agency needs are established - C) When funds are obligated - D) When the solicitation is issued Answer & Rationale
Answer: B Rationale: The acquisition process begins when agency needs are established, continuing through requirements description, solicitation, source selection, award, contract performance, and administration. 13. Which member of Congress best fits the "governance stakeholder" role in federal acquisition? « A) Any individual member of the House or Senate with oversight or appropriations authority Page 14 of 202 - B) The President only - C) The Secretary of the acquisition agency + D) The agency's Inspector General Answer & Rationale
Answer: A Rationale: Members of Congress have stakeholder roles in federal acquisition through oversight committees, appropriations oversight, and budget approval authority. They oversee agency procurement activities to ensure effective use of taxpayer funds. 14. For how long must contractors retain contract files after final payment? - A)1 year - B)3 years Page 16 of 202 « C) 6 months - D)1 year Answer & Rationale
Answer: B Rationale: Contracts utilizing simplified acquisition procedures should be closed immediately following physical completion and final payment to maintain efficient contract administration. 16. According to FAR 2.101, "Acquisition" includes all of the following EXCEPT: - A) Solicitation and selection of sources « B) Contract financing + C) Grant award to a nonprofit organization Page 17 of 202 + D) Contract administration Answer & Rationale
Answer: C Rationale: Acquisition specifically refers to procurement by contract using appropriated funds. Grants and cooperative agreements are governed by different regulations and are not considered "acquisitions" under the FAR definition. 17. The FAC-C certification applies to all executive agencies except: « A) The Environmental Protection Agency - B) The Department of Homeland Security + C) The Department of Defense « D) The Department of Veterans Affairs Page 19 of 202 Answer: D Rationale: The acquisition life cycle includes requirements description, solicitation, source selection, award, contract financing, performance, and administration. Property disposal after contract completion falls under property management regulations, not the acquisition life cycle. 19. The FAC-C Professional Exam covers competencies required for: - A) Senior executive contracting positions « B) Initial readiness for contracting professionals + C) Contracting officer's representatives only - D) Program management positions Answer & Rationale
Page 20 of 202 Answer: B Rationale: The FAC-C Professional Exam is required for new contracting professionals who have not previously held any FAC-C or DAWIA certification and covers competencies required for initial readiness. 20. According to the FAC-C competency model, tasks are detailed for: - A) Government personnel only - B) Sellers (industry) only C) Both buyers and sellers, with an industry perspective - D) Third-party auditors only Answer & Rationale
Answer: C 
