#1
Which of the following is a key principle of government acquisition ethics?
Transparency
ExplanationPromotes openness and clarity in procurement processes.
#2
Which ethical principle emphasizes treating all potential contractors fairly and equally in the acquisition process?
Fair dealing
ExplanationAdvocates for fair and equal treatment of potential contractors.
#3
Which of the following is NOT a responsibility of government acquisition personnel?
Maximizing profits for contractors
ExplanationContrary to the responsibility of maximizing profits, it is not a role of government acquisition personnel.
#4
What does the term 'cost realism' refer to in government contracting?
An evaluation of proposed costs to determine if they are realistic for the work to be performed
ExplanationInvolves assessing proposed costs for their realism in relation to the work to be performed.
#5
What does the term 'contracting officer' refer to in government contracting?
An employee of a government agency responsible for awarding and managing contracts
ExplanationRefers to a government agency employee responsible for awarding and managing contracts.
#6
Which ethical principle emphasizes honesty and adherence to moral principles in government contracting?
Personal integrity
ExplanationEmphasizes honesty and adherence to moral principles in government contracting.
#7
What is the primary purpose of the Federal Acquisition Regulation (FAR) in government contracting?
To promote efficiency and effectiveness in government procurement
ExplanationAims to enhance the efficiency and effectiveness of government procurement activities.
#8
Which of the following is NOT a potential consequence of unethical behavior in government contracting?
Increased trust among stakeholders
ExplanationUnethical behavior does not contribute to increased trust among stakeholders.
#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
ExplanationMandates disclosure of cost or pricing data by government contractors.
#10
What does the term 'organizational conflict of interest' (OCI) refer to in government contracting?
A situation where a government contractor's actions may be biased due to other interests
ExplanationDescribes a situation where a contractor's actions may be biased due to conflicting interests.
#11
What is the purpose of the Procurement Integrity Act (PIA) in government contracting?
To prevent conflicts of interest and ensure confidentiality in the procurement process
ExplanationAims to prevent conflicts of interest and maintain confidentiality in procurement.
#12
What is the purpose of the Contractor Code of Business Ethics and Conduct in government contracting?
To promote transparency and ethical behavior among contractors
ExplanationDesigned to encourage transparency and ethical conduct among contractors.
#13
What is meant by the term 'kickback' in the context of government contracting?
An illegal payment made to someone who has facilitated a contract
ExplanationRefers to an illegal payment for facilitating a contract.
#14
Which agency oversees the implementation of the Federal Acquisition Regulation (FAR) and ethics in government contracting?
General Services Administration (GSA)
ExplanationGSA is responsible for overseeing FAR implementation and ethics.
#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
ExplanationA requirement for contractors to disclose potential conflicts of interest.