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Terms in this set (114)
Implied authority occurs a) Inferences and reasonable deductions based on
when? conduct are made.
a) Inferences and
reasonable deductions
based on conduct are
made.
b) Explicit language grants
authority;
c) Codified language is
used to delegate
responsibility and
authority to a given party;
d) The illusion of authority
is allowed
,Apparent authority occurs a) An individual functions in the capacity that leads
when? others to believe he/she is an authorized agent of the
a) An individual functions principle.
in the capacity that leads
others to believe he/she is
an authorized agent of the
principle.
b) Explicit language grants
authority.
c) A logical extension of
expression authority
conferred upon a given
party.
d) Codified language
delegating responsibility
and authority to a given
party.
,In 1890, Congress passed c) The Sherman Act
this Antitrust Act. It has
been the linchpin of
antitrust law. In Section 1
of this Act, it states: Every
contract, combination in
the form of trust or
otherwise, or conspiracy,
in restraint of trade or
commerce among the
several States, or with
foreign nations, is
declared to be illegal.
Every person who shall
make any contract or
engage in any
combination or conspiracy
hereby declared to be
illegal shall be deemed
guilty of a felony, and, on
conviction thereof, shall
be punished by fine not
exceeding $100,000,000 if
a corp., or, if any person,
$1,000,000, or by
imprisonment not
exceeding 10 years, or by
both said punishments, in
the discretion of the court.
Section 2 of this Act,
makes interstate
monopolies a felony. This
Act is:
a) The Clayton Act
b) The Federal Trade
Commission Act
c) The Sherman Act
, d) The Robinson-Patman
Price Discrimination Act
The procurement officer b) alert their superiors and the antitrust lawyers in the
has noticed several state attorney general's office
suspicious pricing patterns
and supplier behaviors,
including identical bids
and a lack of bids from
some expected bidders
for an open solicitation.
On detecting this
suspicous activity, the
procurement officer
should immediately:
a) alert all suppliers that
the solicitation will be
canceled and resolicited
b) alert their superiors and
the antitrust lawyers in the
state attorney general's
office
c) alert the suppliers in
question about potential
violations
d) alert the DOJ about
potential antitrust
violations
Which of the following d) Federal Law
procurement laws are not
considered one of the
primary sources used in
governmental
jurisdictions?
a) Administrative Law
d) Federal Law
c) Common Law
d) Legislative Law