Please reference the Federal Acquisition Regulation to answer and cite the following:
Problem 1) Explain the importance of ethics in contracting? What would you reform in this area if anything?
Problem 2) In the context of government contractual authority, please define express authority, implied authority, and apparent authority and explain the key differences?
Problem 3) As the contracting officer for a U.S. Department of Defense Agency, you are notified by a company that is in the final stages of a large contract for supply of electronic components that they are not going to deliver the final 1000 of 4000 components because they are not happy with the contract price and they can make more dollars selling those parts to another agency or country. The Contractor has performed very well and there have been no problems. They demand that you terminate the contract for convenience. "How do you respond to this problem?" What provisions of the FAR support your conclusion?