FAC Study Guide 2026
Everything you need to pass the FAC exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📚 FAC Topics to Study (69)
✍️ Sample FAC Questions & Answers
1. Under FAR 9.104-1, a contracting officer must determine that an offeror is 'responsible' before making an award. Which factor is NOT part of the responsibility determination?
Responsibility under FAR 9.104-1 assesses capability and integrity, not whether the offeror submitted the lowest price.
2. Which Cost Accounting Standard (CAS) addresses the requirement that contractors use the same cost accounting practices for estimating, accumulating, and reporting costs?
CAS 401 requires contractors to use consistent cost accounting practices when estimating, accumulating, and reporting the costs of contracts.
3. Which contract type places the MOST financial risk on the government?
Cost-Plus-Award-Fee contracts place the most risk on the government because the government pays all allowable costs plus an award fee that can vary based on subjective performance evaluations.
4. What is the primary purpose of a Pre-Award Survey report in federal acquisitions?
A Pre-Award Survey assesses whether a prospective contractor has the technical, financial, and managerial capability to successfully perform the contract.
5. Section 508 of the Rehabilitation Act requires federal agencies to document compliance with accessibility standards primarily in which type of document?
Section 508 compliance requirements are incorporated into solicitations and contract documents as technical requirements that apply to all electronic and information technology deliverables.
6. What is a key requirement under the Small Business Act for federal contracting?
The Small Business Act mandates that federal agencies set aside a certain percentage of their contracts for small businesses. This policy aims to promote economic growth, foster competition, and ensure that small businesses have a fair opportunity to participate in federal contracting, strengthening the economy.