
Code of ethics in procurement

Quiz
•
Business
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Professional Development
•
Easy

David Melia
Used 3+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is a fundamental principle of the code of ethics in procurement?
Transparency
Profit maximization
Exploitation
Conflict of interest
Answer explanation
Transparency is a key principle in procurement ethics, emphasizing openness, honesty, and accountability in all procurement activities. It promotes fair competition, integrity, and public trust in the procurement process.
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the primary objective of a procurement code of ethics?
Eliminating competition
Maximizing personal gain
Promoting fairness and integrity
Reducing procurement costs
Answer explanation
The primary objective of a procurement code of ethics is to ensure fairness, integrity, and ethical conduct in all procurement activities. It aims to maintain a level playing field for all stakeholders involved.
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is considered a conflict of interest in procurement?
Seeking competitive bids
Disclosing personal relationships
Promoting ethical behavior
Accepting bribes or kickbacks
Answer explanation
Accepting bribes or kickbacks represents a conflict of interest in procurement. It involves receiving personal benefits or inducements that may compromise impartiality, fairness, and integrity in the procurement process.
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does the term "vendor neutrality" refer to in procurement ethics?
Treating all vendors equally
Giving preferential treatment to specific vendors
Excluding certain vendors from the process
Charging vendors for participation
Answer explanation
Vendor neutrality means treating all vendors equally and without bias during the procurement process. It ensures fair competition and prevents favoritism or discrimination towards specific vendors.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is an example of unethical behavior in procurement?
Conducting due diligence on potential vendors
Collaborating with vendors to achieve mutual benefits
Sharing confidential information with unauthorized parties
Negotiating contracts to achieve cost savings
Answer explanation
Sharing confidential information with unauthorized parties Explanation: Sharing confidential information with unauthorized parties is considered unethical in procurement. It violates the principles of confidentiality, fairness, and integrity, and may compromise the procurement process.
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Why is ethical behavior crucial in procurement?
To maximize personal benefits
To promote collaboration with vendors
To ensure legal compliance
To reduce administrative burden
Answer explanation
Ethical behavior in procurement is crucial to ensure legal compliance. It helps organizations adhere to laws, regulations, and ethical standards, preventing legal and reputational risks associated with unethical practices.
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What does the term "confidentiality" mean in the context of procurement ethics?
Sharing information with all stakeholders
Ensuring transparency in the procurement process
Protecting sensitive information from unauthorized access
Disclosing procurement decisions to the public
Answer explanation
Confidentiality in procurement ethics refers to the practice of safeguarding sensitive information from unauthorized access. It helps protect the integrity of the procurement process and ensures fair competition.
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