2025/2026 BANK ACTUAL QUESTIONS
WITH DETAILED ANSWERS WITH
STUDY GUIDE EXPERT VERIFIED
FOR GUARANTEED PASS/ALREADY
GRADED A+[Brand new!!!!
FAR subpart 3.11 discusses ____ of contractor
employees. This is where a contractor employee has
some interest that could impair their ability to act
impartially and in the best interest of the Government
when performing under a contract.
=ANSWER>>>Personal conflict of interest
FAR subpart 9.5 covers ______. An organizational conflict
of interest is where a contractor (or potential contractor) is
,in a situation which by way of contract performance gives
them an unfair advantage or will bias their performance in
making recommendations to the Government. Contracting
officers should review every acquisition, from the early
planning stages throughout the life of a contract to identify
and manage organizational conflicts of interest
=ANSWER>>>organizational and consultant conflicts of
interest
Determination and Findings =ANSWER>>>You need to
document a business decision, such as the use of a
specific contract type. What document will you create?
,Price Negotiation Memorandum =ANSWER>>>At the
conclusion of negotiations, the contracting officer will
complete a
Justification and Approval =ANSWER>>>Prior to
negotiating a sole source contract, the contracting officer
must complete a
Organizational Conflicts of Interest (OCI)
=ANSWER>>>An _____ is the existence of 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 where that unfair
advantage is obtained performing a government contract.
-divided loyalty between the best interests of a particular
contractor and the best interests of the government
There are three broad categories of OCI:
•
•Impaired Objectivity
•Biased Ground Rules =ANSWER>>>Unequal Access- An
unfair competitive advantage typically surfaces when a
contractor obtains information not generally available to
competitors where such information would assist the
contractor in winning the contract award. An unfair