Ethics and Governance in Government Contracting Quiz

Test your knowledge on ethical principles, regulations, and practices in government contracting with this quiz.

Practice Learn Test

Which of the following is an ethical concern in government contracting?

Bid rigging

Maximizing profits

Avoiding tax payments

Strict adherence to regulations

What does FAR stand for in the context of government contracting?

Federal Acquisition Regulation

Fair Acquisition Rules

Flexible Allocation Requirements

Fiscal Adjustment Regulations

Which of the following is NOT an ethical principle typically emphasized in government contracting?

Transparency

Integrity

Confidentiality

Accountability

What is the purpose of a cost-reimbursement contract in government contracting?

To pay a fixed amount regardless of the costs incurred

To reimburse the contractor for allowable costs incurred

To provide a bonus for completing the project under budget

To establish a guaranteed maximum price

What is the primary purpose of the Code of Federal Regulations (CFR) in government contracting?

To provide guidelines for ethical behavior

To outline the procedures for contract termination

To establish uniform policies and procedures

To regulate international contracting

What is the primary goal of the Truth in Negotiations Act (TINA) in government contracting?

To promote honesty and integrity in negotiations

To ensure fair competition among contractors

To establish standard terms and conditions

To prevent conflicts of interest

What is the purpose of the Federal Acquisition Regulation (FAR) Council?

To oversee the enforcement of contract terms

To develop and maintain the FAR

To conduct performance evaluations of contractors

To approve budget allocations for contracts

In government contracting, what does OCI stand for?

Organizational Conflict of Interest

Outsourcing Contract Initiative

Operational Cost Indicator

Overhead Cost Inclusion

Which of the following is an example of an ethical dilemma in government contracting?

Ensuring compliance with contract specifications

Selecting the lowest bidder without proper evaluation

Implementing quality control measures

Following established procurement procedures

#10

Which of the following is an example of a conflict of interest in government contracting?

A contractor providing services at a competitive price

A contracting officer awarding a contract to their relative's company

A contractor exceeding the scope of work in a contract

A contracting officer following procurement regulations

#11

Which of the following is an example of a prohibited practice in government contracting?

Providing accurate cost estimates

Engaging in bid rigging

Adhering strictly to contract terms

Disclosing relevant information to the contracting officer

#12

Which of the following is an example of unethical behavior in government contracting?

Conducting thorough market research before issuing a solicitation

Disclosing confidential information to unauthorized individuals

Complying with contract terms and conditions

Evaluating proposals objectively based on predetermined criteria

#13

Which of the following is an example of a potential conflict of interest in government contracting?

Conducting fair and open competition for contracts

Awarding a contract to a family member's company without disclosure

Maintaining accurate records of contract performance

Seeking approval from superiors before making contract decisions