CTCM Certification Exam Questions with
Correct Answers
Substantial Interest in a Business (1) has a controlling interest in the business entity;
(2) owns more than 10 percent of the voting interest in the business entity;
(3) owns more than $25,000 of the fair market value of the business entity;
(4) has a direct or indirect participating interest by shares, stock, or otherwise, regardless of
whether voting rights are included, in more than 10 percent of the profits, proceeds, or
capital gains of the business entity;
(5) is a member of the board of directors or other governing board of the business entity;
(6) serves as an elected officer of the business entity; or
(7) is an employee of the business entity.
Disclosure of Potential Conflicts of Interest for Procurement Employees Disclose; Avoid
Financial Interests
Nepotism - Relationship Types Consanguinity - related by blood
Affinity - related by marriage
,Appearance of Impropriety any actions creating the appearance that they are violating the
law or the ethical standards
Bribery when someone voluntarily offers payment to get an illegal advantage
Post Employment Restrictions 2 years for State Employment
4 years for Executives
Suspected Fraud, Waste, or Abuse State agencies and higher ed are required by law to
report this to the SAO. You must have facts and not just mere suspicion, but do not have to
establish probable cause or have a suspect.
Evaluation Committee Service Conflict of Interest Disclosure Form - Agency specific -
employees involved in procurement or
Ethics Related Forms SAO nepotism statement for purchasing personnel, TEC disclosure
of interest parties (1295 Form).
, Agency Vendor Communication Fact gathering - allowed.
Drafting solicitation - allowed.
After solicitation posted - certain time points only.
Evaluation/negotiation - allowable between response due date and contract award.
Vendor Communication Post Contract Award - discuss current contract only; provide
point of contact for contracts/solicitation.
Procurement Cycle Procurement Planning
Procurement Method Determination
Vendor Selection
Contract Formation and Award
Contract Management
Procurement planning Identifying key business requirements and cost estimates.
Creation of Acquisition Plan.
Procurement File Checklist.
Correct Answers
Substantial Interest in a Business (1) has a controlling interest in the business entity;
(2) owns more than 10 percent of the voting interest in the business entity;
(3) owns more than $25,000 of the fair market value of the business entity;
(4) has a direct or indirect participating interest by shares, stock, or otherwise, regardless of
whether voting rights are included, in more than 10 percent of the profits, proceeds, or
capital gains of the business entity;
(5) is a member of the board of directors or other governing board of the business entity;
(6) serves as an elected officer of the business entity; or
(7) is an employee of the business entity.
Disclosure of Potential Conflicts of Interest for Procurement Employees Disclose; Avoid
Financial Interests
Nepotism - Relationship Types Consanguinity - related by blood
Affinity - related by marriage
,Appearance of Impropriety any actions creating the appearance that they are violating the
law or the ethical standards
Bribery when someone voluntarily offers payment to get an illegal advantage
Post Employment Restrictions 2 years for State Employment
4 years for Executives
Suspected Fraud, Waste, or Abuse State agencies and higher ed are required by law to
report this to the SAO. You must have facts and not just mere suspicion, but do not have to
establish probable cause or have a suspect.
Evaluation Committee Service Conflict of Interest Disclosure Form - Agency specific -
employees involved in procurement or
Ethics Related Forms SAO nepotism statement for purchasing personnel, TEC disclosure
of interest parties (1295 Form).
, Agency Vendor Communication Fact gathering - allowed.
Drafting solicitation - allowed.
After solicitation posted - certain time points only.
Evaluation/negotiation - allowable between response due date and contract award.
Vendor Communication Post Contract Award - discuss current contract only; provide
point of contact for contracts/solicitation.
Procurement Cycle Procurement Planning
Procurement Method Determination
Vendor Selection
Contract Formation and Award
Contract Management
Procurement planning Identifying key business requirements and cost estimates.
Creation of Acquisition Plan.
Procurement File Checklist.
