FCC Ethics, Risk Management & Reporting 3

Question 1

Under the Anti-Kickback Act (41 U.S.C. § 8701), what is a 'kickback' in the federal contracting context?

Accepted Answer

Any money, fee, commission, or gift provided to obtain or reward favorable treatment in a subcontract

Answer

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.

Question 2

What is 'debarment' in federal contracting, and who has the authority to impose it?

Accepted Answer

An exclusion from participation in federal procurement for a specified period, imposed by a debarring official

Answer

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.

Question 3

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?

Accepted Answer

41 U.S.C. § 4712 (the contractor whistleblower protection statute)

Answer

41 U.S.C. § 4712 prohibits retaliation against contractor employees who disclose fraud, waste, or abuse related to federal contracts.

Question 4

In a risk register, what information is typically captured to describe a risk's potential impact?

Accepted Answer

The probability of the risk occurring multiplied by its consequence (risk score)

Answer

A risk score in a risk register is typically calculated as Probability × Impact, allowing risks to be prioritized by their expected consequence.

Question 5

Which of the following constitutes an Organizational Conflict of Interest (OCI) under FAR Subpart 9.5?

Accepted Answer

A contractor that helped write the specifications for a solicitation then bids on that same solicitation

Answer

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.

(FCC) Federal Contracting Certification Practice Test

(FCC) Federal Contracting Certification Practice Test

FCC Ethics, Risk Management & Reporting 3