Certified Texas Contract Manager Practice Exam

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Prepare for the Certified Texas Contract Manager Exam. Study with practice questions and detailed explanations. Get ready to ace your exam!

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Which term refers to attempts to influence procurement professionals?

Bribery
Collusion
Price fixing
Market manipulation

The correct answer is: Bribery

The correct term that refers to attempts to influence procurement professionals is bribery. This practice involves offering something valuable, whether it be money, gifts, or services, with the intent of persuading a procurement professional to act in favor of the person offering the inducement, rather than adhering to ethical guidelines or legal standards. Bribery undermines the integrity of the procurement process, leading to unfair advantages and potentially illegal outcomes. While collusion, price fixing, and market manipulation are all unethical practices in the realm of procurement and business, they embody different concepts. Collusion involves secret agreements between parties to deceive or defraud, often affecting competition. Price fixing is an agreement among competitors to set prices at a certain level, eliminating free market competition. Market manipulation refers to actions taken to artificially affect the supply or demand of a product or service to influence its price. Each of these practices can have significant legal ramifications, but they do not specifically denote direct attempts to influence procurement professionals in the same manner as bribery does.