#1
Which of the following is an ethical concern in government contracting?
Bid rigging
ExplanationCollusion among bidders to manipulate the bidding process.
#2
What does FAR stand for in the context of government contracting?
Federal Acquisition Regulation
ExplanationRegulatory framework providing guidance for government acquisitions.
#3
Which of the following is NOT an ethical principle typically emphasized in government contracting?
Confidentiality
ExplanationWhile important, it's not a primary ethical principle in contracting.
#4
What is the purpose of a cost-reimbursement contract in government contracting?
To reimburse the contractor for allowable costs incurred
ExplanationContracts where the government reimburses contractors for costs.
#5
What is the primary purpose of the Code of Federal Regulations (CFR) in government contracting?
To establish uniform policies and procedures
ExplanationEnsuring consistency and clarity in government contracting processes.
#6
What is the primary goal of the Truth in Negotiations Act (TINA) in government contracting?
To promote honesty and integrity in negotiations
ExplanationRequiring contractors to disclose cost and pricing data to the government.
#7
What is the purpose of the Federal Acquisition Regulation (FAR) Council?
To develop and maintain the FAR
ExplanationResponsible for maintaining and updating the Federal Acquisition Regulation.
#8
In government contracting, what does OCI stand for?
Organizational Conflict of Interest
ExplanationConflict arising from a company's interests conflicting with contractual obligations.
#9
Which of the following is an example of an ethical dilemma in government contracting?
Selecting the lowest bidder without proper evaluation
ExplanationBalancing cost efficiency with fairness and quality in the selection process.
#10
Which of the following is an example of a conflict of interest in government contracting?
A contracting officer awarding a contract to their relative's company
ExplanationPersonal relationships influencing contract awards, compromising fairness.
#11
Which of the following is an example of a prohibited practice in government contracting?
Engaging in bid rigging
ExplanationIllegally manipulating the bidding process to favor certain bidders.
#12
Which of the following is an example of unethical behavior in government contracting?
Disclosing confidential information to unauthorized individuals
ExplanationBreaching confidentiality agreements, compromising sensitive information.
#13
Which of the following is an example of a potential conflict of interest in government contracting?
Awarding a contract to a family member's company without disclosure
ExplanationPersonal relationships influencing contract awards without proper disclosure.