Practice Test Geeks(FCC) Federal Contracting Certification Practice Test
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Ethics, Risk Management & Reporting Flashcards

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

Read the first 7 Ethics, Risk Management & Reporting flashcards as text

  1. Under the Inspector General Act of 1978, what is the primary role of an agency Inspector General (IG) regarding federal contractors?

    Answer: To conduct audits and investigations to detect and prevent fraud, waste, and abuse in agency programs, including contractor activities

    Agency IGs are responsible for conducting independent audits and investigations to detect and deter fraud, waste, and abuse in agency programs, which includes oversight of contractor activities.

  2. What is a 'hotline poster' requirement under FAR 52.203-14, and when does it apply?

    Answer: A requirement to display an Inspector General hotline poster in contractor workplaces on certain DoD contracts

    FAR 52.203-14 requires contractors on covered DoD contracts to display DoD IG hotline posters in common work areas to encourage reporting of fraud, waste, and abuse.

  3. In risk terminology, what distinguishes a 'risk' from an 'issue' in federal contract management?

    Answer: A risk is a potential future event that may affect contract performance; an issue is a risk that has already occurred

    In project and contract management, a risk is an uncertain future event, while an issue is a problem that has already materialized and requires immediate action.

  4. A contractor's employee reports suspected overbilling to the contracting officer and is subsequently demoted by management. Under 41 U.S.C. § 4712, what remedy may the employee seek?

    Answer: Filing an Inspector General complaint and seeking reinstatement, back pay, and compensatory damages

    Under 41 U.S.C. § 4712, a retaliated-against contractor whistleblower may file an Inspector General complaint and, if substantiated, seek reinstatement, back pay, and other compensatory damages.

  5. Which of the following scenarios best illustrates a 'revolving door' ethics violation in federal contracting?

    Answer: A former senior government official negotiating a contract with their prior agency on behalf of their new private-sector employer without following post-employment restrictions

    The 'revolving door' problem occurs when former government officials use inside knowledge and relationships to benefit private-sector employers, which is restricted by post-employment statutes like 18 U.S.C. § 207.

  6. Under FAR 9.406-2, which of the following is a cause for debarment?

    Answer: Conviction of fraud or a criminal offense in connection with obtaining or performing a public contract

    FAR 9.406-2 lists conviction of fraud or criminal offenses related to obtaining, attempting to obtain, or performing a government contract as a cause for debarment.

  7. What is the significance of the System for Award Management (SAM.gov) Exclusions database in contractor ethics compliance?

    Answer: It is the authoritative federal database of debarred, suspended, and otherwise excluded parties that agencies must check before awarding contracts

    SAM.gov's Exclusions database is the government-wide repository of debarred, suspended, and excluded parties, and federal agencies are required to check it before awarding contracts or making payments.