Exam (elaborations)
ABCC EXAM #1 QUESTIONS WITH COMPLETE SOLUTIONS!!
- Course
- Institution
ABCC EXAM #1 QUESTIONS WITH COMPLETE SOLUTIONS!!
[Show more]
Content preview
ABCC EXAM #1QUESTIONS WITH
COMPLETE
SOLUTIONS!!
ABCC
Evatee 9/3/24 ABCC
, ABCC EXAM #1 QUESTIONS WITH COMPLETE
SOLUTIONS!!
What is the basic reference guide for Government pricing? Answer - Contract
Pricing Reference Guide (CPRG)
What are the three elements of the Basic Pricing Policy? Answer - Purchase
from responsible sources at Fair & Reasonable Prices. Price each contract
separately and independently. Exclude contingencies.
What is fair and reasonable price? Answer - Fair to both parties; too high or
too low; to a prudent & competent buyer
What is a contingency? Answer - Future event or condition we did not expect
to happen
What is the dollar threshold for TINA? Answer - $750K
Exceptions to TINA Answer - adequate price competition (2 or more)
price set by law/regulated price
Commercial item
waiver - from head of the contracting agency
What is it called when TINA is violated? Answer - Defective Pricing
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now