What is primarily covered under FAR Part 1?

The correct choice focuses on the Federal Acquisition Regulation System, which is foundational to understanding the entire structure of the FAR. Part 1 of the FAR establishes the overall regulatory framework and defines the purpose and roles of the various components that make up the FAR. This part outlines the system's objectives, the applicability of the regulations, and the organization of the FAR itself.

Understanding this framework is essential, as it provides context for the rest of the regulations employed in federal procurement. The definitions and scope set forth in Part 1 are critical for interpreting the specific requirements laid out in subsequent parts of the FAR. By establishing these fundamental principles, Part 1 facilitates a cohesive and organized approach to federal acquisitions.

The other options, while important, deal with more specific aspects of federal procurement. Administrative procedures, contractor qualifications, and market research practices are all covered in other parts of the FAR and are built upon the foundational understanding provided in Part 1. This systematic approach allows procurement officials to navigate the complex landscape of federal regulations effectively.