CFCM Ethics, Compliance & Risk Assessment 4

Question 1

Which law established the requirement for contractors to establish and maintain a written code of business ethics and an internal control system for contracts over the applicable threshold?

Accepted Answer

Duncan Hunter National Defense Authorization Act for FY2009

Answer

The Duncan Hunter NDAA for FY2009 codified requirements that led to FAR 52.203-13, mandating written codes of ethics and compliance programs for large contractors.

Question 2

A contractor's compliance program under FAR 52.203-13 must include all of the following EXCEPT:

Accepted Answer

Mandatory quarterly ethics certifications signed by all employees

Answer

FAR 52.203-13 requires a hotline, internal reviews, and training, but does not mandate quarterly ethics certifications signed by all employees.

Question 3

Under the Procurement Integrity Act (41 U.S.C. § 2101-2107), which action is prohibited for a government official involved in a procurement?

Accepted Answer

Disclosing contractor bid or proposal information before award

Answer

The Procurement Integrity Act specifically prohibits government officials from disclosing contractor bid or proposal information or source selection information prior to award.

Question 4

In a risk assessment framework for a federal contract, 'risk probability' and 'risk impact' are combined to produce:

Accepted Answer

The risk exposure or risk score

Answer

Risk exposure (or risk score) is calculated by multiplying or combining probability and impact, and is used to prioritize risks for mitigation planning.

Question 5

A subcontractor on a federal contract engages in bid rigging with competitors. Under FAR 3.301, the prime contractor's responsibility is to:

Accepted Answer

Report the suspected antitrust violation to the contracting officer and the DOJ Antitrust Division

Answer

FAR 3.301 requires contractors who suspect antitrust violations to promptly report the matter to the contracting officer, who forwards it to the DOJ Antitrust Division.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Ethics, Compliance & Risk Assessment 4