WITH CORRECT ANSWERS GRADED
A+
◍ Anticipate and manage risk by planning..
Answer: The statement, "You are more likely to control risks when they are
identified earlier rather than later" is associated with what level of Risk
Management principle?
◍ Implied authority occurs when?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.
Answer: a) Inferences and reasonable deductions based on conduct are
made.
◍ Apparent authority occurs when?a) An individual functions 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..
Answer: a) An individual functions in the capacity that leads others to
believe he/she is an authorized agent of the principle.
◍ Accept risk when benefits outweigh the cost..
Answer: Weighing risks against benefits and value is an example of
applying which of the following Risk Management principles?
◍ In 1890, Congress passed 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 Actb) The Federal Trade Commission
Actc) The Sherman Actd) The Robinson-Patman Price Discrimination Act.
Answer: c) The Sherman Act
◍ The procurement officer has noticed several 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 resolicitedb) alert their superiors
and the antitrust lawyers in the state attorney general's officec) alert the
suppliers in question about potential violationsd) alert the DOJ about
potential antitrust violations.
Answer: b) alert their superiors and the antitrust lawyers in the state attorney
general's office
◍ Which of the following procurement laws are not considered one of the
primary sources used in governmental jurisdictions?a) Administrative
Lawd) Federal Lawc) Common Lawd) Legislative Law.
Answer: d) Federal Law
◍ Determining the probability and severity of a DUI caused accident before
going to a bar..
Answer: Which of the following is an example of the second step, assess
hazards, in the 5-step Risk Management Process.
◍ Socioeconomic goals, such as "set-asides", can come with a variety of
benefits; however, there are also challenges associated with the use of
"set-asides". These challenges may include which of the following:a) Lack
, of supply management training;b) Reduced open competition;c) Decreased
pricing.d) Prejudicial attitudes;.
Answer: b) Reduced open competition;
◍ The Federal Trade Commission (FTC) states an environmental marketing
claim should do all of the following except:a) Have qualifications and
disclosures that are clear enough to prevent deception.b) Include a statement
that makes the basis of comparison clear so that the consumer should be able
to understand the claim.c) Not overstate the environmental attribute or
benefit, expressly or by implication.d) Include eco-labels issued by an
independent third party..
Answer: d) Include eco-labels issued by an independent third party.
◍ Identify hazards, assess hazards, make decisions, implement controls,
supervise..
Answer: Which of the following depicts the 5-step Risk Management
Process in the correct order?
◍ Deliberate.
Answer: A battalion commander and her staff conduct a Marine Corps
Planning Process (MCPP) session to develop an operations order (OPORD)
for an upcoming offensive operation. The operation begins in 96-hours. The
MCPP session would fall under which Risk Management level?
◍ Upon review of an offeror's claim that certain information in the offeror's
proposal should be kept confidential, the procurement officer disagrees with
that claim. The procurement officer should:a) Advise the offeror that the
information will be kept confidential until an open records request is
received and determine confidentiality based on the content of that
request.b) Advise the offeror that the information will be kept confidential
until an open records request is received and determine confidentiality based
on the content of that request.c) Advise the offeror and give it the
opportunity to explain why it believes the information is proprietary.d) Deny
the request for confidentiality..
Answer: c) Advise the offeror and give it the opportunity to explain why it
, believes the information is proprietary.
◍ The legislature of the buyer's jurisdiction just passed a law encouraging all
governmental procurement to maximize the use of disadvantaged businesses
in the procurement process. What strategy could the buyer employ on their
solicitation to help meet this goal without sacrificing competition?a) Require
offerors to use a certain percentage of disadvantaged businesses as
subcontractorsb) Award additional points to disadvantaged businessesc)
Place a special advertisement of the opportunity in a disadvantaged audience
business publicationd) Create a set-aside for disadvantaged businesses.
Answer: c) Place a special advertisement of the opportunity in a
disadvantaged audience business publication
◍ Completing a Procurement Profile is beneficial because:a) It adds decision
making intelligence to spend analysis.b) It provides detailed information
related to the procurement units organizational structure for the vendor
community.c) It provides critical information relating to the current market
conditions for the product or services required.d) It details the risks inherent
in the market that could affect the agencies operations..
Answer: a) It adds decision making intelligence to spend analysis.
◍ False.
Answer: True or false, creating a risk assessment worksheet is associated
with Time Critical Risk Management (TCRM).
◍ Balance your resources..
Answer: Your unit is on a security patrol during a stability operation. You
come across a civilian female who is in great distress. The Corpsman
assesses that she is pregnant, in labor, and about to deliver. There are no
indications of enemy activity in the local area. Under the rules of
engagement (ROE), your patrol is required to provide medical assistance to
civilians when there are no imminent threats. Using the ABCD Model what
would be the next step?
◍ Procurement Profile.
Answer: The result produced after conducting a series of various analyses on