FCC Federal Acquisition Regulations & Policies 2

Question 1

Which FAR part governs the requirements for contractor cost accounting standards (CAS)?

Accepted Answer

FAR Part 30

Answer

FAR Part 30 implements the Cost Accounting Standards (CAS) and provides policies requiring certain contractors to comply with CAS Board rules.

Question 2

Under the FAR, what is the primary purpose of a Justification and Approval (J&A) document?

Accepted Answer

To authorize a sole-source or other than full and open competition acquisition

Answer

A J&A is required when an agency uses other than full and open competition and must document the rationale and authority for that decision.

Question 3

According to FAR 52.222-26, which protected class is NOT covered under the Equal Opportunity clause?

Accepted Answer

Marital status

Answer

FAR 52.222-26 covers race, color, religion, sex, sexual orientation, gender identity, and national origin, but marital status is not a federally protected class under EO 11246.

Question 4

What threshold triggers the requirement for a contractor to submit certified cost or pricing data under TINA?

Accepted Answer

$2 million

Answer

The Truth in Negotiations Act (TINA) requires certified cost or pricing data when a contract action exceeds $2 million (as adjusted by inflation).

Question 5

Under FAR Part 19, what is the small business set-aside threshold below which every acquisition is automatically a small business set-aside (when there is a reasonable expectation of competition)?

Accepted Answer

Between the micro-purchase threshold and the simplified acquisition threshold

Answer

FAR 19.502-2 requires that acquisitions between the micro-purchase threshold and the simplified acquisition threshold be set aside for small businesses if there is a reasonable expectation of receiving offers from two or more small businesses.

(FCC) Federal Contracting Certification Practice Test

(FCC) Federal Contracting Certification Practice Test

FCC Federal Acquisition Regulations & Policies 2