CPCM Certified Professional Contract Manager: Ethics and Compliance 4

Question 1

A contractor's ethics training program must be conducted at least:

Accepted Answer

At the time of hire and periodically thereafter as required by the program

Answer

FAR 52.203-13 and best practices require initial ethics training at hire and periodic refresher training, with frequency determined by the contractor's program.

Question 2

When a contracting officer suspects a contractor is engaged in bid rigging, the APPROPRIATE action is to:

Accepted Answer

Report the suspicion to the Inspector General or Department of Justice

Answer

Bid rigging is a criminal antitrust violation that must be reported to the Inspector General or DOJ, not simply managed through contract administration.

Question 3

Which of the following is an example of improper business practices that could constitute fraud in contracting?

Accepted Answer

Charging costs to a government contract that are allocable to a commercial contract

Answer

Misallocating costs from commercial work to a government contract is a form of cost mischarging, which constitutes fraud under the False Claims Act.

Question 4

The Procurement Integrity Act prohibits disclosing contractor bid or proposal information for a period of:

Accepted Answer

The entire period the information is protected as a trade secret or for 3 years, whichever is longer

Answer

The Procurement Integrity Act protects contractor bid or proposal information for the duration its trade secret status applies or three years post-award, whichever is longer.

Question 5

A contract manager who has a personal financial interest in a contractor's stock should:

Accepted Answer

Divest the financial interest or recuse themselves from matters involving that contractor

Answer

Federal ethics rules require divestiture or recusal when a personal financial interest could be affected by official actions, regardless of the dollar amount in many cases.

CPCM Exam Practice Test

CPCM Exam Practice Test

CPCM Certified Professional Contract Manager: Ethics and Compliance 4