CFCM Safety & Risk Management 5

Question 1

Under the Walsh-Healey Public Contracts Act, which safety condition is a contractor REQUIRED to maintain for workers on manufacturing contracts exceeding $15,000?

Accepted Answer

Maintain safe and sanitary working conditions

Answer

The Walsh-Healey Public Contracts Act requires contractors to maintain safe and sanitary working conditions for employees manufacturing goods for the government.

Question 2

In a federal contract risk register, a risk rated as 'High Probability / Low Impact' should typically be managed through:

Accepted Answer

Active mitigation to reduce the frequency of occurrence

Answer

High-probability risks warrant active mitigation efforts to reduce their likelihood even when individual impacts are manageable.

Question 3

The government's authority to conduct safety inspections at a contractor's facility during performance is BEST supported by which contract clause?

Accepted Answer

FAR 52.236-13 (Accident Prevention)

Answer

FAR 52.236-13 explicitly grants the government the right to inspect contractor safety measures and require remediation of unsafe conditions on construction contracts.

Question 4

A contractor on an IT services contract is required to report a cybersecurity incident within 72 hours under which DFARS clause?

Accepted Answer

DFARS 252.204-7012

Answer

DFARS 252.204-7012 (Safeguarding Covered Defense Information) requires contractors to report cyber incidents affecting covered defense information within 72 hours.

Question 5

Which risk management approach is MOST appropriate when a single risk event could cause catastrophic program failure regardless of its probability?

Accepted Answer

Risk avoidance by eliminating the activity causing the risk

Answer

Catastrophic risks with unacceptable consequences should be avoided by eliminating the source activity or fundamentally redesigning the approach.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Safety & Risk Management 5