Which of the following is one of the objectives of FAR?

Study for the Federal Acquisition Regulation (FAR) Test. Prepare with comprehensive flashcards and multiple-choice questions, each equipped with detailed hints and explanations. Master your exam!

One of the primary objectives of the Federal Acquisition Regulation (FAR) is to ensure fair and equitable business opportunities for all vendors. This goal underlines the importance of fostering a competitive marketplace where both large and small businesses can participate in government contracting. By promoting fairness and equity, the FAR aims to prevent discrimination against any group of suppliers and to encourage a diverse vendor base, which enhances competition and ultimately provides better value for the government.

This commitment to equitable business opportunities is crucial for maintaining a balanced economy and ensuring that taxpayers receive quality goods and services at fair prices. The focus on inclusivity in the procurement process helps to maintain the integrity of government contracting and supports the principles of free enterprise.

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