CPSM Essentials in Supplier Diversity 2

Question 1

Which federal regulation requires federal contractors with contracts over $750,000 to submit a Subcontracting Plan for supplier diversity?

Accepted Answer

FAR 52.219-9

Answer

FAR 52.222-26

Answer

FAR 52.203-13

Answer

FAR 52.215-2

Question 2

A company is classified as a Disadvantaged Business Enterprise (DBE) under the DOT program. What is the primary eligibility requirement beyond being socially and economically disadvantaged?

Accepted Answer

Personal net worth of the owner must not exceed $1.32 million

Answer

Annual revenues must not exceed $50 million

Answer

The business must be at least 5 years old

Answer

At least 75% of employees must be from disadvantaged groups

Question 3

When evaluating a supplier diversity program's effectiveness, which metric best measures SECOND-TIER impact?

Accepted Answer

Spend by prime contractors with diverse subcontractors

Answer

Total dollars awarded directly to diverse firms

Answer

Number of diverse suppliers in the database

Answer

Percentage of RFPs sent to diverse suppliers

Question 4

A Veteran-Owned Small Business (VOSB) seeking federal set-aside contracts must be verified by which agency?

Accepted Answer

DVA (Department of Veterans Affairs)

Answer

SBA (Small Business Administration)

Answer

DOD (Department of Defense)

Answer

GSA (General Services Administration)

Question 5

Which concept describes the practice of tracking and reporting how much of your direct suppliers' spend goes to diverse businesses?

Accepted Answer

Tier 2 reporting

Answer

Spend analysis

Answer

Supplier scorecarding

Answer

Procurement benchmarking

Question 6

An organization wants to ensure its supplier diversity program is not tokenistic. Which approach best demonstrates STRATEGIC integration?

Accepted Answer

Linking supplier diversity goals to executive compensation

Answer

Maintaining a list of certified diverse suppliers

Answer

Sending annual diversity surveys to all suppliers

Answer

Hosting one supplier diversity fair per year

Question 7

Under SBA regulations, what is the maximum number of employees allowed for a manufacturing company to qualify as a small business (general rule)?

Accepted Answer

500 employees

Answer

250 employees

Answer

750 employees

Answer

1,000 employees