Strayer LEG505 Week 1 Discussions

LEG 505 Week 1 DiscussionsWeek 1 DQ 1: Federal Acquisition Regulation (FAR)”Please respond to the following:Explain how each of the following legislative enactments is a foundation for government contract law and the federal acquisition process. Then discuss how knowledge of one of the Acts can help a manager make better decisions.Armed Services Procurement Act of 1947 (ASPA), codified at 10 U.S.C. §§ 2301-2314Federal Property and Administrative Services Act of 1949 (FPASA), codified in U.S.C. §§ 251-260Competition in Contracting Act (CICA), codified in 41 U.S.C. 253Discuss the key factors in each Act that demonstrates that the Acts are foundational components of government contract law and the federal acquisition process. Provide an example or scenario of each to support your response.Week 1 DQ 2:”The Role of the Contracting Officer” please respond to the following:Take a position as to whether or not the role of a contracting officer, with the federal government, can be compared to a principal-agent relationship. Support your position.Argue whether or not a government contracting officer should be held to the standards articulated by the Sarbanes–Oxley Act of 2002 (Pub.L. 107-204, 116 Stat. 745, enacted July 30, 2002). Support your position. As a manager, determine the best way to communicate the SOX Act adherence to a government contractor you would work with.