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What are the 2 types of conflict of interest?
Personal and organizational
A situation in which a covered employee has a financial interest,
personal activity, or relationship that could impair the employee's ability
to act impartially and in the best interest of the Government
Personal conflict of interest
A set of circumstances in which a contractor may be unable to render
impartial advice to the government, or might have impaired objectivity
in performing contracted work, or may obtain an unfair competitive
advantage in the marketplace when competing for government work
organizational conflict of interest
What part of the FAR covers organizational conflicts of interest?
Because it's for the contractor, it's FAR Part 9 Contractor Qualifications.
What are the 3 categories of Organizational Conflict of Interest?
1. Unequal Access 2. Impaired Objectivity 3. Biased ground rules
,What is the organizational conflict of unequal access?
a contractor obtains information not generally available to competitors
What is the organizational conflict of impaired objectivity?
a support contractor is performing duties that involve assessing or
evaluating itself
What is the organizational conflict of biased ground rules?
the contractor is writing their own job such as a SOW or providing
technical direction
Which Act says all unclassified Federal award data must be publicly
accessible? What part of the FAR is covered?
Federal Funding Accountability and Transparency Act. FAR 4.6
The Anti-Kickback Act of 1986 prohibits any person from- (select all that
apply). A. Providing, attempting to provide, or offering to provide any
kickback B. Accepting a gift of over $100 throughout the course of a
calendar year. C. Soliciting, accepting, or attempting to accept any
kickback D. Including, directly or indirectly, the amount of any kickback
in the contract price charged by a subcontractor to a prime contractor
or a higher tier subcontractor or in the contract price charged by a
prime contractor to the United States.
AC D
T or F - Federal employees are prohibited from soliciting or accepting
gifts offered "because of the employee's official position" or gifts
offered by a "prohibited source."
True
,There are three basic approaches available to contractors and the
Agency for dealing with OCI issues, as follows: (select all that apply). A.
Avoid B. Neutralize C. Substantiate D. Mitigate
ABD
FAR 1.102(a) tells us that the vision for the Federal Acquisition System is
to deliver on a timely basis the best ________ to the customer while
maintaining _______ and fulfilling _____.
best value product or service,
maintaining public trust and
fulfilling public policy objectives.
FAR 7.101 defines _____ as the total cost to the Government of acquiring,
operating, supporting, and (if applicable) disposing of the items being
acquired."
Life-cycle Cost
IAW FAR 1.102-3 does the Acquisition team include contractor personnel
in addition to customer (end user), technical personnel and contracting
personnel?
Yes
What are the two types of authority in government contracts?
Actual and Apparent
What are the 2 types of actual authority?
Express Actual Authority or Implied Actual Authority
, Which type of Actual Authority is created by explicit language, either in
writing or verbal?
Express Actual Authority
What type of Actual Authority is usually defined in general terms to
include authority to do what is usual, customary and necessary to
accomplish the action?
Implied Actual Authority
What type of authority is this an example of: an individual is assigned a
task to accomplish but the minor details are not spelled out either
verbally or in writing?
Implied Actual Authority
What type of authority is when someone reasonably believes an
individual has the authority to act on behalf of the Government?
Apparent Authority
What part of the FAR delegates authority?
FAR Part 1.1
Which authority is legally binding in Government contracting and
recognized by the courts? A. Apparent B. Actual C. Guaranteed
Actual
Recent Exam 2026|2027 Actual Complete Real
Exam Questions And Correct Answers (Verified
Answers) Already Graded A+ | Guaranteed
Success!! Newest Exam | Just Released!!
What are the 2 types of conflict of interest?
Personal and organizational
A situation in which a covered employee has a financial interest,
personal activity, or relationship that could impair the employee's ability
to act impartially and in the best interest of the Government
Personal conflict of interest
A set of circumstances in which a contractor may be unable to render
impartial advice to the government, or might have impaired objectivity
in performing contracted work, or may obtain an unfair competitive
advantage in the marketplace when competing for government work
organizational conflict of interest
What part of the FAR covers organizational conflicts of interest?
Because it's for the contractor, it's FAR Part 9 Contractor Qualifications.
What are the 3 categories of Organizational Conflict of Interest?
1. Unequal Access 2. Impaired Objectivity 3. Biased ground rules
,What is the organizational conflict of unequal access?
a contractor obtains information not generally available to competitors
What is the organizational conflict of impaired objectivity?
a support contractor is performing duties that involve assessing or
evaluating itself
What is the organizational conflict of biased ground rules?
the contractor is writing their own job such as a SOW or providing
technical direction
Which Act says all unclassified Federal award data must be publicly
accessible? What part of the FAR is covered?
Federal Funding Accountability and Transparency Act. FAR 4.6
The Anti-Kickback Act of 1986 prohibits any person from- (select all that
apply). A. Providing, attempting to provide, or offering to provide any
kickback B. Accepting a gift of over $100 throughout the course of a
calendar year. C. Soliciting, accepting, or attempting to accept any
kickback D. Including, directly or indirectly, the amount of any kickback
in the contract price charged by a subcontractor to a prime contractor
or a higher tier subcontractor or in the contract price charged by a
prime contractor to the United States.
AC D
T or F - Federal employees are prohibited from soliciting or accepting
gifts offered "because of the employee's official position" or gifts
offered by a "prohibited source."
True
,There are three basic approaches available to contractors and the
Agency for dealing with OCI issues, as follows: (select all that apply). A.
Avoid B. Neutralize C. Substantiate D. Mitigate
ABD
FAR 1.102(a) tells us that the vision for the Federal Acquisition System is
to deliver on a timely basis the best ________ to the customer while
maintaining _______ and fulfilling _____.
best value product or service,
maintaining public trust and
fulfilling public policy objectives.
FAR 7.101 defines _____ as the total cost to the Government of acquiring,
operating, supporting, and (if applicable) disposing of the items being
acquired."
Life-cycle Cost
IAW FAR 1.102-3 does the Acquisition team include contractor personnel
in addition to customer (end user), technical personnel and contracting
personnel?
Yes
What are the two types of authority in government contracts?
Actual and Apparent
What are the 2 types of actual authority?
Express Actual Authority or Implied Actual Authority
, Which type of Actual Authority is created by explicit language, either in
writing or verbal?
Express Actual Authority
What type of Actual Authority is usually defined in general terms to
include authority to do what is usual, customary and necessary to
accomplish the action?
Implied Actual Authority
What type of authority is this an example of: an individual is assigned a
task to accomplish but the minor details are not spelled out either
verbally or in writing?
Implied Actual Authority
What type of authority is when someone reasonably believes an
individual has the authority to act on behalf of the Government?
Apparent Authority
What part of the FAR delegates authority?
FAR Part 1.1
Which authority is legally binding in Government contracting and
recognized by the courts? A. Apparent B. Actual C. Guaranteed
Actual
