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Regulatory Compliance & Law Flashcards

7 cards from real FAC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Regulatory Compliance & Law flashcards as text

  1. Which statute establishes the primary legal framework for federal procurement and requires agencies to follow the Federal Acquisition Regulation?

    Answer: The Office of Federal Procurement Policy Act

    The Office of Federal Procurement Policy Act established OFPP and authorized the FAR as the primary regulation governing federal procurement.

  2. Under the Anti-Kickback Act of 1986, which of the following actions by a subcontractor employee would constitute a violation?

    Answer: Providing a gift to a prime contractor employee to influence subcontract award

    The Anti-Kickback Act prohibits providing or receiving anything of value to improperly obtain or reward favorable treatment in subcontract awards.

  3. The Prompt Payment Act requires federal agencies to pay contractors within how many days after receipt of a proper invoice for most commercial items?

    Answer: 30 days

    The Prompt Payment Act generally requires payment within 30 days of receipt of a proper invoice or acceptance of goods/services, whichever is later.

  4. Which law prohibits federal agencies from entering into contracts with companies that have been debarred or suspended from government contracting?

    Answer: FAR Subpart 9.4 implements the requirement under governmentwide SAM exclusions authority

    FAR Subpart 9.4 implements the statutory and regulatory framework for debarment and suspension, and SAM.gov exclusions are legally binding on all agencies.

  5. Under the Walsh-Healey Public Contracts Act, wage and safety standards apply to contracts for the manufacture or furnishing of materials exceeding what threshold?

    Answer: $2,500

    Walsh-Healey applies to contracts over $2,500 for manufacturing or furnishing materials, supplies, articles, or equipment.

  6. The False Claims Act allows private citizens to file qui tam lawsuits on behalf of the government. What percentage of the government's recovery can a successful relator receive?

    Answer: 15–30%

    Under the False Claims Act, a qui tam relator may receive between 15% and 30% of the proceeds recovered by the government.

  7. Which regulation requires contractors to disclose in writing to the contracting officer whenever they identify a significant overpayment on a government contract?

    Answer: FAR 52.203-13 (Contractor Code of Business Ethics and Conduct)

    FAR 52.203-13 requires contractors to timely disclose credible evidence of overpayments as part of their ethics and compliance program obligations.