Compliance Bootcamp Lesson #2: Avoiding Business Collusion

Part 2: Test your knowledge on how to spot and avoid business collusion

Question 1:

Which of the following is a form of criminal collusion between businesses?


Question 2:

True or False: A casual agreement between two companies about the prices they charge would be considered criminal collusion.


Question 3:

Business is slowing down. You meet with your main competitor and agree to divide up the remaining business you both compete for in your region. You will bid only for the northern area service contracts, and he will bid only for the southern area service contracts. You are both free to set whatever prices you wish, but you will not bid against each other for any contracts. This is an example of:


Question 4:

True or false: You reach an agreement with a competitor not to bid on one construction project and your competitor agrees not to bid on the next one. The contracts are with private companies and don’t involve government procurement. There are much bigger players in the construction industry so you are unlikely to get in trouble.


Question 5:

Which of the following is fair game when submitting a bid for a contract?


Question 6:

If you are seeking bids by other businesses to supply your company with products or services, it is important to:


Question 7:

Which of the following are potential consequences for those who participate in an agreement to fix the price of a product or service?


Question 8:

Which of the following are potential consequences if competing businesses participate in a bid-rigging agreement?


Question 9:

True or False: Building a compliance program for your business, no matter how big or small, will help you and your company identify and detect things that you and your employees might be doing wrong.


Question 10:

True or False: You are the president of your company and you have found out from an internal review that your company has been involved in collusion. If you come forward, there are means to protect you and your company from prosecution.


Question 11:

You are involved in an illegal agreement with your competitors, and one of those competitors begins to cooperate with the Competition Bureau. You would like to cooperate too. You may qualify for lenient treatment in sentencing if you and your business:


Question 12:

You suspect that the company you work for is colluding with competitors, perhaps to rig bids on government contracts, to charge higher prices or to divide up customers or territories. You should:


Question 13:

True or false: You have been invited to attend a business meeting with employees from other companies in your industry to discuss upcoming projects in your area. It is likely that prices or bids will be discussed. You should decline the invitation and report it to the Competition Bureau.