FAR Part 1-4 & 23-25 Quiz

Question 1

The FAR is prepared, issued, and maintained by:

Answer 1

The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration.

Question 2

A prospective contractor would be obligated to register in the System for Award Management database prior to contract award in which of the following cases?

Answer 2

A micropurchase using the electronic funds transfer method for payment

Question 3

In FAR citation 15.506(a) what is Part, Subpart, Section, and Paragraph?

Answer 3

15 is the part, 5 is the subpart, 06 is the section, and a is the paragraph.

Question 4

What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure?

Answer 4

Freedom of Information Act

Question 5

Is a grant or cooperative agreement a contract?

Answer 5

No

Question 6

What does Best value mean?

Answer 6

The expected outcome of an acquisition that, in the government’s estimation, provides the greatest overall benefit in response to the requirement.

Question 7

Does an unauthorized commitment need to be under the simplified acquisition threshold for ratification?

Answer 7

No

Question 8

What is D&F?

Answer 8

A special form of written approval by an authorized official that is required by statute or regulation as a prerequisite of taking certain contract actions

Question 9

The Federal Acquisition Regulations system was established for the codification and publication of uniform policies and procedures for ____________.

Answer 9

All executive agencies

Question 10

What is an “unauthorized commitment”?

Answer 10

An agreement which is not binding solely because the government representative who made it lacked the authority to enter into that agreement.

Question 11

Revisions to the FAR will be prepared and issued through the coordinated action of:

Answer 11

The Defense Acquisition Regulations Council and the Civilian Acquisition Council.

Question 12

Contractors must retain all records pertaining to a government contract for a minimum of ____________ from the date final payment is made under the contract.

Answer 12

Three years

Question 13

The federal government shall use electronic commerce:

Answer 13

Whenever it is practicable or cost-effective.

Question 14

What is buying-in?

Answer 14

Submitting an offer below anticipated costs to receive follow-on contracts at artificially high prices

Question 15

The Kickbacks statute forbids a subcontractor from doing what?

Answer 15

Making a payment for the purpose of obtaining favorable treatment in connection with a prime contract or a subcontract relating to a prime contract

Question 16

What is the federal policy on standards of conduct?

Answer 16

The general rule is to avoid strictly any conflict of interest or even the appearance of a conflict of interest in government-contract relationships.

Question 17

Is an RFQ an Offer?

Answer 17

No

Question 18

This term refers to consolidating two or more requirements for supplies or services previously provided or performed under separate or small contracts into a solicitation for a single contract that is likely to be unsuitable for award to a small business concern.

Answer 18

Bundling

Question 19

Is obtaining the lowest price on behalf of the government.one of contracting officer’s authorities and responsibilities?

Answer 19

No