FAC Regulatory Compliance & Law 2

Question 1

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

Accepted Answer

The Office of Federal Procurement Policy Act

Answer

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

Question 2

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

Accepted Answer

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

Answer

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

Question 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?

Accepted Answer

30 days

Answer

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

Question 4

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

Accepted Answer

FAR Subpart 9.4 implements the requirement under governmentwide SAM exclusions authority

Answer

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

Question 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?

Accepted Answer

$2,500

Answer

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

(FAC) Federal Acquisition Certification Practice Test

(FAC) Federal Acquisition Certification Practice Test

FAC Regulatory Compliance & Law 2