Exam (elaborations)
CLC 057.
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Exam of 2 pages for the course Small Business Programs & Subcontracting Plans at Small Business Programs & Subcontracting Plans (CLC 057.)
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CLC 057Which of the following has proven to be of significant advantage in creating a Win-Win
agreement to both the Government and contractor? - ANS-potential for increased cash
flow (contractor) and decreased price (government)
Which of the following is NOT true about total performance based payments? -
ANS-***NOT*** THEY REFLECT A COST TO THE GOVT IN TERMS OF INTEREST
PAID...
The Contracting officer shall not approve a PBP until an event or criterion established in
the contract has been completed. - ANS-True
Contract financing payments include all of the following, EXCEPT - ANS-payments for
partial deliveries
The successful completion of a severable event: - ANS-is independent of the
accomplishment of any other event
Which of the following are activities that are associated with Key Step 1, Identify PBP
Events? Select all that apply. - ANS-***NOT*** "identify key activities and determine
program"
An expenditure profile: (select all that apply) - ANS-***NOT*** ALL FOUR OF THEM
Completion criteria must: - ANS-evidence successful completion of the PBP event
The basic premise of the Time Value of Money (TVM) is: - ANS-Money available in the
present time is worth more than the same amount in the future due to its potential
earning capacity
Which of the following is NOT true concerning PBPs? - ANS-An unusual method of
contract financing
Performance-Based Payments are periodically made based upon the number of days
after the receipt of an order. - ANS-False
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