Certification in Supplier Diversity Practice Exam

Which act includes contract provisions requiring prime contractors to utilize suppliers in fulfillment of contracts?

1. Federal Acquisition Regulations (FAR)

2. Robinson-Patman Act

3. Small Business Act

4. Subchapter D: Socioeconomic Programs

The correct answer is: Subchapter D: Socioeconomic Programs

The Subchapter D: Socioeconomic Programs is the correct choice because it specifically includes provisions that mandate prime contractors to engage with suppliers, particularly those that fall within certain socioeconomic categories, in fulfilling federal contracts. This legislation is designed to promote inclusive business practices and ensure that small businesses, minority-owned businesses, and other disadvantaged groups have access to contracting opportunities. By requiring prime contractors to utilize these suppliers, the act helps to create a more equitable economic environment and supports diversity within the supply chain. This is a key aspect of supplier diversity initiatives, as it encourages the participation of underrepresented groups in government contracting processes. While other acts like the Federal Acquisition Regulations (FAR) provide overarching guidelines for federal contracting, they do not focus specifically on supplier diversity. The Robinson-Patman Act deals primarily with price discrimination and competition, while the Small Business Act supports small business development but doesn’t explicitly contain requirements for prime contractors to source from certain suppliers in the same manner as Subchapter D does.