Federal Acquisition Regulations Quiz #1

Federal Acquisition Regulations Quiz #1

Professional Development

53 Qs

quiz-placeholder

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Federal Acquisition Regulations Quiz #1

Federal Acquisition Regulations Quiz #1

Assessment

Quiz

Business

Professional Development

Practice Problem

Medium

Created by

Kaniesha Clark

Used 1+ times

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53 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of the Federal Acquisition Regulations (FAR)?

To regulate contract payments

To establish uniform policies and procedures for acquisition

To create standards for contract pricing

To control federal budget allocations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: FAR Part 2 provides official definitions for terms used throughout the FAR.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a prohibited business practice under FAR Part 3?

Accepting gifts from contractors

Conducting sealed bidding

Simplified acquisitions

Using cost-reimbursement contracts

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

FAR Part 4 establishes policies for the __________ of contracts and files related to government procurement.

Documentation

Termination

Evaluation

Negotiation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of publicizing contract actions as outlined in FAR Part 5?

To ensure transparency in government procurement

To limit competition among contractors

To expedite the procurement process

To reduce the cost of government contracts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following methods of contracting does FAR Part 6 emphasize?

Sole-source contracts

Limited competition contracts

Full and open competition

Emergency acquisitions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one of the primary documents required for acquisition planning under FAR Part 7?

Contracting Officer’s Guide

Independent Government Estimate (IGE)

Acquisition Plan

Contractor Performance Evaluation

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