CPCM Certified Professional Contract Manager: Professional Ethics in Contract Management 3

Question 1

In contract management, 'due diligence' is an ethical requirement that means:

Accepted Answer

Thoroughly investigating facts, risks, and compliance before committing to contract actions

Answer

Due diligence requires contract managers to independently verify material facts and risks before taking contractual action.

Question 2

A contractor proposes a teaming arrangement that would eliminate the only other qualified competitor. Which ethical concern is MOST relevant?

Accepted Answer

Potential antitrust violation and harm to competitive integrity

Answer

Teaming arrangements that eliminate competition may violate antitrust laws and undermine the ethical principle of fair competition.

Question 3

Which of the following BEST describes 'ethical reciprocity' in contractor-government relationships?

Accepted Answer

Both parties have mutual obligations to deal honestly and in good faith

Answer

Ethical reciprocity means both government and contractor parties owe each other honesty, good faith, and fair dealing throughout the contract.

Question 4

A contract manager notices her agency's small business set-aside goals are being met by misclassifying large businesses. The ethical course of action is to:

Accepted Answer

Report the misclassification to the appropriate oversight authority

Answer

Misclassifying business size to meet set-aside goals is fraudulent and must be reported to protect program integrity.

Question 5

When a contract manager has a personal religious or moral objection to a legal contract requirement, the ethical approach is to:

Accepted Answer

Seek reassignment if the conflict is irreconcilable, while fulfilling duties in the interim

Answer

Professionals should seek reassignment for genuine personal conflicts while meeting their obligations until a transition is arranged.

CPCM Exam Practice Test

CPCM Exam Practice Test

CPCM Certified Professional Contract Manager: Professional Ethics in Contract Management 3