Which regulation is associated with the procurement of goods and services by government agencies?

The Federal Acquisition Regulation (FAR), as outlined in 48 CFR, serves as the primary regulation governing the procurement processes of federal government agencies. It establishes a comprehensive framework that includes policies, procedures, and guidelines for acquiring goods and services in a consistent, efficient, and accountable manner.

The FAR is essential for ensuring that acquisitions are conducted fairly and transparently, upholding principles such as competition, best value, and the ethical use of taxpayer funds. This regulation also addresses various aspects of procurement, including contract types, solicitation and award practices, and contractor responsibilities, thereby providing a uniform set of rules to facilitate the procurement mission across diverse federal entities.

In contrast, the other choices do not pertain to the procurement of goods and services by government agencies. For instance, 32 CFR focuses on defense procurement but is narrower in scope than the comprehensive FAR. 50 CFR pertains to environmental regulations, and 15 CFR centers around trade and export regulations, neither of which directly addresses the procurement process itself. Thus, the FAR is the correct regulation associated with government procurement.