Government and Contractor Acquisition Ethics and Responsibilities Quiz Test your knowledge on government acquisition ethics principles, regulations, and responsibilities with this quiz. Learn about FAR, TINA, PIA, and more.
#1
Which of the following is a key principle of government acquisition ethics?Transparency
Maximizing profits
Avoiding accountability
Minimizing stakeholder involvement
#2
Which ethical principle emphasizes treating all potential contractors fairly and equally in the acquisition process?Transparency
Fair dealing
Conflict of interest
Personal integrity
#3
Which of the following is NOT a responsibility of government acquisition personnel?Ensuring fair and open competition
Maximizing profits for contractors
Maintaining ethical standards
Complying with relevant regulations and laws
#4
What does the term 'cost realism' refer to in government contracting?A pricing strategy aimed at maximizing profits
An evaluation of proposed costs to determine if they are realistic for the work to be performed
A practice of concealing actual costs from the government
A method of minimizing costs regardless of quality
#5
What does the term 'contracting officer' refer to in government contracting?An employee of a government agency responsible for awarding and managing contracts
A contractor hired by the government to oversee acquisitions
A third-party mediator between the government and contractors
An independent auditor responsible for ensuring ethical behavior
#6
Which ethical principle emphasizes honesty and adherence to moral principles in government contracting?Fair dealing
Personal integrity
Conflict of interest
Transparency
#7
What is the primary purpose of the Federal Acquisition Regulation (FAR) in government contracting?To ensure contractors make the highest profit margins
To promote efficiency and effectiveness in government procurement
To limit competition among contractors
To discourage small business participation
#8
Which of the following is NOT a potential consequence of unethical behavior in government contracting?Legal penalties
Reputation damage
Increased trust among stakeholders
Loss of government contracts
#9
What is the primary purpose of the Truth in Negotiations Act (TINA) in government contracting?To require government contractors to disclose cost or pricing data
To allow contractors to conceal pricing information
To increase bureaucratic hurdles in the contracting process
To limit competition among contractors
#10
What does the term 'organizational conflict of interest' (OCI) refer to in government contracting?A situation where a government contractor has a vested interest in a competitor's success
A situation where a government contractor is unable to fulfill contractual obligations
A situation where a government contractor's actions may be biased due to other interests
A situation where a government contractor refuses to disclose pricing information
#11
What is the purpose of the Procurement Integrity Act (PIA) in government contracting?To ensure fair competition among contractors
To prevent conflicts of interest and ensure confidentiality in the procurement process
To limit government oversight of contractor activities
To minimize stakeholder involvement in contract negotiations
#12
What is the purpose of the Contractor Code of Business Ethics and Conduct in government contracting?To maximize profits for contractors
To promote transparency and ethical behavior among contractors
To encourage collusion among contractors
To minimize government oversight
#13
What is meant by the term 'kickback' in the context of government contracting?A refund given to the government by a contractor
An illegal payment made to someone who has facilitated a contract
A bonus given to government officials for successful contract negotiations
A fee charged by the government for contract processing
#14
Which agency oversees the implementation of the Federal Acquisition Regulation (FAR) and ethics in government contracting?Department of Defense (DoD)
Environmental Protection Agency (EPA)
General Services Administration (GSA)
Office of Management and Budget (OMB)
#15
What does the term 'mandatory disclosure' mean in the context of government contracting?A requirement for contractors to disclose any potential conflicts of interest
A voluntary disclosure of cost or pricing data by contractors
A request for contractors to disclose their profit margins
An option for contractors to conceal unethical behavior
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