FAC Risk & Compliance 2

Question 1

Which risk management framework is most commonly referenced in federal acquisition for assessing information system security risks?

Accepted Answer

NIST RMF (SP 800-37)

Answer

NIST SP 800-37 provides the Risk Management Framework (RMF) used governmentwide for managing information system security risks.

Question 2

A contracting officer discovers a contractor submitted falsified cost data during negotiations. Under the False Claims Act, who may bring a qui tam lawsuit on behalf of the government?

Accepted Answer

A private citizen (relator)

Answer

The False Claims Act allows private citizens, called relators or whistleblowers, to file qui tam suits on the government's behalf and share in any recovery.

Question 3

Under FAR 9.405, what is the immediate consequence when a contractor is debarred?

Accepted Answer

Agencies are prohibited from awarding contracts to the contractor

Answer

FAR 9.405 prohibits agencies from soliciting offers from, awarding contracts to, or consenting to subcontracts with debarred contractors.

Question 4

Which clause requires contractors to disclose credible evidence of a violation of federal criminal law involving fraud, conflicts of interest, bribery, or gratuity?

Accepted Answer

FAR 52.203-13

Answer

FAR 52.203-13 (Contractor Code of Business Ethics and Conduct) mandates timely disclosure of credible evidence of certain criminal violations.

Question 5

A program manager wants to transfer all risk of cost overruns to the contractor. Which contract type best accomplishes this?

Accepted Answer

Firm-Fixed-Price (FFP)

Answer

A Firm-Fixed-Price contract places maximum risk on the contractor because the price does not change regardless of the contractor's actual costs.

(FAC) Federal Acquisition Certification Practice Test

(FAC) Federal Acquisition Certification Practice Test

FAC Risk & Compliance 2