#1
Which of the following is a primary objective of government procurement?
Maximizing profits for private companies
Ensuring fair competition among suppliers
Minimizing transparency in purchasing processes
Prioritizing personal relationships over efficiency
#2
What is the purpose of the 'Buy American Act' in government procurement?
To promote international trade
To ensure fair competition among suppliers
To encourage the purchase of domestic products
To minimize transparency in purchasing processes
#3
Which of the following best describes the concept of 'sustainability' in government procurement?
Prioritizing cost over environmental impact
Balancing economic, environmental, and social considerations
Ignoring long-term consequences of procurement decisions
Favoring short-term gains regardless of societal impact
#4
What is the purpose of a bid protest in government procurement?
To ensure only one bidder participates
To challenge the award decision based on fairness or legality
To prevent any competition in the bidding process
To expedite the procurement process
#5
What is the purpose of a sole-source contract in government procurement?
To ensure fair competition among suppliers
To restrict competition by awarding contracts to a single supplier
To increase transparency in the procurement process
To encourage multiple suppliers to bid for contracts
#6
What does the acronym 'FAR' stand for in the context of government procurement?
Fair Access Requirements
Federal Acquisition Regulations
Financial Assessment Report
Forwarding Authorization Request
#7
Which of the following is NOT a common method for ensuring financial compliance in government procurement?
Regular audits and reviews
Establishing clear procurement policies and procedures
Allowing free access to procurement funds without oversight
Implementing internal controls and segregation of duties
#8
Which of the following is NOT typically considered a part of financial compliance in government procurement?
Budgeting and financial planning
Invoice processing and payment
Conflict of interest disclosure
Ignoring procurement regulations for expediency
#9
In the context of government procurement, what does 'RFP' stand for?
Request for Proposal
Request for Procurement
Request for Funding
Request for Price
#10
What is the purpose of conducting a pre-award survey in government procurement?
To assess the financial status of potential suppliers
To determine the preferred supplier without competition
To avoid competitive bidding processes
To discourage small businesses from participating
#11
Which of the following is NOT a common method for promoting competition in government procurement?
Using sole-source contracts
Utilizing sealed bidding
Implementing small business set-asides
Encouraging teaming arrangements
#12
What is the purpose of the Single Audit Act (Uniform Guidance) in the United States?
To consolidate multiple audits into a single comprehensive audit
To eliminate the need for audits in government procurement
To restrict access to government procurement funds
To streamline the procurement process for government agencies
#13
Which of the following is an example of unethical behavior in government procurement?
Awarding contracts based solely on merit and cost-effectiveness
Disclosing confidential information to potential suppliers
Following fair and transparent procurement procedures
Regularly updating procurement policies to ensure compliance
#14
Which of the following is a primary purpose of conducting a cost or price analysis in government procurement?
To determine the most expensive option
To ensure contractors make a profit
To ensure fair and reasonable pricing
To discourage competition among suppliers
#15
What is the primary goal of implementing an e-procurement system in government procurement processes?
To increase paperwork and bureaucracy
To reduce efficiency and transparency
To streamline and automate procurement processes
To limit access to procurement opportunities
#16
What is the primary goal of a contract closeout process in government procurement?
To extend the duration of contracts indefinitely
To finalize contractual obligations and ensure compliance
To renegotiate terms and conditions of contracts
To award additional contracts to the same supplier
#17
Which of the following is a key benefit of using performance-based contracting in government procurement?
Increased bureaucracy and paperwork
Reduced focus on outcomes and results
Improved contractor accountability and performance
Higher costs and inefficiency