Ethics, Risk Management & Reporting Flashcards
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Read the first 7 Ethics, Risk Management & Reporting flashcards as text
Under the Anti-Kickback Act (41 U.S.C. § 8701), what is a 'kickback' in the federal contracting context?
Answer: Any money, fee, commission, or gift provided to obtain or reward favorable treatment in a subcontract
Under the Anti-Kickback Act, a kickback is any money, fee, credit, gift, or thing of value given to obtain or reward favorable treatment in connection with a subcontract.
What is 'debarment' in federal contracting, and who has the authority to impose it?
Answer: An exclusion from participation in federal procurement for a specified period, imposed by a debarring official
Debarment is an exclusion from federal procurement participation for a specified period (generally not exceeding 3 years), imposed by the agency debarring official under FAR Subpart 9.4.
A contractor employee discovers their supervisor has been inflating labor hours on government invoices. The employee is afraid of retaliation. Which law specifically protects federal contractor employees who report such fraud?
Answer: 41 U.S.C. § 4712 (the contractor whistleblower protection statute)
41 U.S.C. § 4712 prohibits retaliation against contractor employees who disclose fraud, waste, or abuse related to federal contracts.
In a risk register, what information is typically captured to describe a risk's potential impact?
Answer: The probability of the risk occurring multiplied by its consequence (risk score)
A risk score in a risk register is typically calculated as Probability × Impact, allowing risks to be prioritized by their expected consequence.
Which of the following constitutes an Organizational Conflict of Interest (OCI) under FAR Subpart 9.5?
Answer: A contractor that helped write the specifications for a solicitation then bids on that same solicitation
An OCI occurs when a contractor's participation in writing specifications for a requirement gives them an unfair competitive advantage when bidding on that same work.
The 'tone at the top' concept in contractor ethics programs refers to:
Answer: Senior leadership visibly modeling and actively supporting ethical behavior
'Tone at the top' means that senior leadership actively demonstrates commitment to ethical conduct, which sets the behavioral standard for the entire organization.
Under FAR 3.1003, which of the following actions is a contractor required to take regarding employment discussions with current federal employees involved in their procurement?
Answer: Prohibit such employment discussions unless the government employee has received written authorization
FAR 3.1003 requires contractors to prohibit employment discussions with federal employees involved in the contractor's procurement unless the employee has received agency authorization.