FAR Part I A

Question 1

What does FAR stand for?

Answer 1

Federal Acquisition Regulation

Question 2

What is the primary purpose of the FAR?

Answer 2

To provide uniform policies and procedures for acquisition by federal agencies.

Question 3

True or False: The FAR applies only to the Department of Defense.

Answer 3

False

Question 4

Fill in the blank: The FAR is codified in Title ___ of the Code of Federal Regulations.

Answer 4

48

Question 5

Who is responsible for issuing the FAR?

Answer 5

The Administrator of the Office of Federal Procurement Policy (OFPP)

Question 6

What is the role of contracting officers according to the FAR?

Answer 6

To ensure compliance with the FAR and to make decisions regarding the acquisition process.

Question 7

What is a ‘contract’ as defined by the FAR?

Answer 7

A mutually binding legal relationship obligating the seller to furnish supplies or services and the buyer to pay for them.

Question 8

What does the term ‘acquisition’ refer to in the context of the FAR?

Answer 8

The process of obtaining goods and services for the government.

Question 9

True or False: The FAR is only applicable to contracts over $100,000.

Answer 9

False

Question 10

What is the purpose of the ‘Contracting Officer’s Representative’ (COR)?

Answer 10

To assist the contracting officer in the technical monitoring and administration of a contract.

Question 11

What is the ‘simplified acquisition threshold’ as defined by the FAR?

Answer 11

The dollar amount below which procurement actions can be conducted with less formality.

Question 12

Fill in the blank: The FAR was first published in _____.

Answer 12

1984

Question 13

What is the significance of ‘small business’ in the FAR?

Answer 13

The FAR promotes the use of small businesses in federal contracting.

Question 14

What does the acronym ‘SBA’ stand for in the context of federal acquisitions?

Answer 14

Small Business Administration

Question 15

True or False: The FAR contains regulations for both federal and state acquisitions.

Answer 15

False

Question 16

What is the ‘Competition in Contracting Act’ (CICA)?

Answer 16

A law that requires federal agencies to obtain full and open competition in their procurement processes.

Question 17

What is a ‘procurement integrity’ provision?

Answer 17

Regulations that prohibit the disclosure of contractor bid or proposal information.

Question 18

Fill in the blank: The FAR includes provisions for ____ contracting.

Answer 18

sole-source

Question 19

What does the term ‘best value’ mean in federal acquisitions?

Answer 19

A method of source selection that considers both price and non-price factors.

Question 20

What is an ‘indefinite delivery contract’?

Answer 20

A contract that provides for an indefinite quantity of supplies or services during a fixed period.

Question 21

True or False: The FAR allows for the use of electronic signatures.

Answer 21

True

Question 22

What are ‘cost-reimbursement contracts’?

Answer 22

Contracts that provide for payment of allowable costs incurred by the contractor.

Question 23

What is a ‘request for proposals’ (RFP)?

Answer 23

A document issued by an agency to solicit proposals from potential contractors.

Question 24

Fill in the blank: The FAR requires agencies to make contract award decisions based on _____.

Answer 24

merit

Question 25

What does the term 'source selection' refer to?

Answer 25

The process of evaluating proposals and selecting a contractor.

Question 26

True or False: The FAR includes guidelines for ethical conduct in contracting.

Answer 26

True

Question 27

What is the purpose of 'contract clauses' in the FAR?

Answer 27

To establish specific requirements and responsibilities for both parties in a contract.

Question 28

What does the term 'subcontracting' mean in federal acquisitions?

Answer 28

The practice of a contractor hiring another business to perform part of the work under a government contract.

Question 29

Fill in the blank: A 'firm-fixed-price contract' establishes a price that is _____.

Answer 29

not subject to change

Question 30

What is a 'performance-based contract'?

Answer 30

A contract that focuses on the outcomes of the work rather than the processes used to achieve those outcomes.

Question 31

True or False: The FAR encourages the use of performance metrics in contracts.

Answer 31

True

Question 32

What is the 'Federal Acquisition Streamlining Act'?

Answer 32

Legislation aimed at simplifying and improving the federal procurement process.

Question 33

What is the role of the 'Office of Federal Procurement Policy' (OFPP)?

Answer 33

To oversee the federal procurement system and ensure its efficiency and effectiveness.

Question 34

What does 'Federal Supply Schedule' refer to?

Answer 34

A program that allows federal agencies to purchase commercial products and services at pre-negotiated prices.

Question 35

Fill in the blank: The FAR promotes ____ and ____ in federal acquisitions.

Answer 35

competition, fairness

Question 36

What is a 'bid protest'?

Answer 36

A formal challenge to the awarding of a contract, typically filed by an unsuccessful bidder.

Question 37

True or False: The FAR allows for the use of personal services contracts.

Answer 37

False

Question 38

What is the purpose of 'contract administration'?

Answer 38

To ensure that both parties fulfill their contractual obligations.

Question 39

What does the acronym 'GSA' stand for?

Answer 39

General Services Administration

Question 40

Fill in the blank: The FAR requires that contracts be awarded based on _____.

Answer 40

best value

Question 41

What is the 'Buy American Act'?

Answer 41

A law that requires the federal government to prefer U.S.-made products in its purchases.

Question 42

True or False: The FAR includes provisions for environmental considerations in contracting.

Answer 42

True

Question 43

What is 'contract termination'?

Answer 43

The legal end of a contract before its completion.

Question 44

What does 'cost analysis' involve?

Answer 44

Evaluating the cost elements of a proposal to determine reasonableness.

Question 45

Fill in the blank: The FAR outlines the procedures for ____ contracts.

Answer 45

government

Question 46

What is the 'Service Contract Act'?

Answer 46

A law that requires contractors to pay their service employees a prevailing wage.

Question 47

True or False: The FAR allows for the negotiation of contract terms.

Answer 47

True

Question 48

What is 'contractor responsibility'?

Answer 48

The assessment of a contractor's ability to perform a contract successfully.

Question 49

What does the term 'pre-award survey' refer to?

Answer 49

An evaluation of a prospective contractor's capability to perform a contract.

Question 50

Fill in the blank: The FAR is designed to ensure that government contracts are awarded based on _____.

Answer 50

merit

Question 51

What is a 'statement of work' (SOW)?

Answer 51

A document that describes the work to be performed under a contract.

Question 52

True or False: The FAR prohibits all forms of lobbying during the procurement process.

Answer 52

False

Question 53

What is 'contract modification'?

Answer 53

A change to the terms of an existing contract.

Question 54

What does 'source selection criteria' refer to?

Answer 54

The standards used to evaluate proposals and select a contractor.

Question 55

Fill in the blank: The FAR requires that agencies maintain records of their _____.

Answer 55

acquisition activities

Question 56

What is the 'Federal Acquisition Regulations System'?

Answer 56

A system that includes the FAR and agency-specific acquisition regulations.

Question 57

True or False: The FAR is updated regularly to reflect changes in laws and policies.

Answer 57

True

Question 58

What is the purpose of the 'FAR Council'?

Answer 58

To provide oversight and guidance on the FAR and related policies.

Question 59

What is a 'ceiling price' in a contract?

Answer 59

The maximum price that can be charged for the goods or services.

Question 60

Fill in the blank: The FAR emphasizes the importance of ____ in the procurement process.

Answer 60

transparency

Question 61

What does the term 'contract closeout' refer to?

Answer 61

The process of completing all contractual obligations and formally ending a contract.

Question 62

True or False: The FAR allows for the use of multi-year contracts.

Answer 62

True

Question 63

What is the 'Truth in Negotiations Act'?

Answer 63

A law requiring contractors to provide accurate cost or pricing data in negotiations.

Question 64

What does 'debarment' mean in the context of the FAR?

Answer 64

The exclusion of a contractor from federal contracting due to misconduct.

Question 65

Fill in the blank: The FAR supports the use of ____ to promote innovation.

Answer 65

technology

Question 66

What is an 'acquisition plan'?

Answer 66

A plan that outlines how an agency intends to acquire goods and services.

Question 67

True or False: The FAR allows for the use of fixed-price contracts for research and development.

Answer 67

True

Question 68

What is a 'task order'?

Answer 68

An order for services placed against an established contract.

Question 69

What does the term 'negotiated procurement' refer to?

Answer 69

A procurement process where terms are discussed and agreed upon rather than being awarded based on bids.