CPCM Certified Professional Contract Manager: Professional Ethics in Contract Management 5

Question 1

Which situation MOST clearly requires a contract manager to invoke the 'duty to disclose' under federal procurement rules?

Accepted Answer

A contractor discovers it has been overpaid due to a billing error

Answer

Federal regulations require contractors to disclose known overpayments; failing to do so can constitute fraud.

Question 2

An ethics hotline report alleges that a contract manager is steering work to a firm owned by a family member. The contract manager should IMMEDIATELY:

Accepted Answer

Recuse from all related procurement actions and cooperate with the independent investigation

Answer

A contract manager under ethics investigation should recuse from affected actions and cooperate fully rather than self-investigate.

Question 3

The concept of 'revolving door' restrictions in federal contracting ethics is designed to:

Accepted Answer

Limit the ability of former officials to use insider knowledge to unfairly benefit contractors

Answer

Revolving door laws restrict post-government employment activities to prevent exploitation of non-public information and government relationships.

Question 4

A contract manager is asked to sign a document certifying compliance with a requirement she has not personally verified. She should:

Accepted Answer

Refuse to certify until she has independently verified the required facts

Answer

Signing a compliance certification without verification creates false certification liability; the manager must verify before signing.

Question 5

Which of the following is the MOST important reason contract managers must document their decisions thoroughly?

Accepted Answer

To provide transparency, accountability, and a defensible record of ethical decision-making

Answer

Thorough documentation demonstrates transparency and provides an accountable record that supports ethical review and oversight.

CPCM Exam Practice Test

CPCM Exam Practice Test

CPCM Certified Professional Contract Manager: Professional Ethics in Contract Management 5