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CLC 056 Challenge Questions Exam Prep Questions and Answers -100- Well Illustrated-_.pdf
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8/25/24, 2:47 AMCLC 056 Challenge Questions
Jeremiah
Practice questions for this set
Learn 1/7 Study with Learn
- Does the report answer the questions in your request?
- Does the report explain the evaluator's position in clear language that you can
understand?
- Does the report support its conclusions?
Choose matching term
Which of the following questions are important to ask when evaluating a report's strengths and
1
weaknesses?
You have been asked to procure seven high definition mobile cameras. You determine that this is a
commercial item. The prices for these items range from approximately $400,000 to $650,000 each.
2
You identify six vendors but you only receive one offer from Advanced Technology Solutions (ATS).
You contact ATS and they are willing to provide quantities, dates of sale, discounts offered, and
prices offered to their other customers. What analysis of ATS's offer should you use?
After you have reviewed the contents of the proposal and determined the scope of the audit
necessary, select the correct order of the steps required to request audit assistance.
1. Commit your request to writing.
3
2. Contact the cognizant agency by phone to tell them of the upcoming request and to determine
the means of communication acceptable for the assistance request.
3. Query all acquisition team members.
CLC 056 Challenge Questions
1/5
, 8/25/24, 2:47 AM
What clause in the FAR provides a remedy to the government in the event the contractor submits
4
defective certified cost or pricing data on this modification?
Don't know?
Terms in this set (31)
One of the elements of the government - Sellers need to be concerned about an unrealistic low price because of the risk
pricing objective is to ensure that contract - Sellers need to be concerned about the market implications of a price that is too high
prices are fair and reasonable. Which of the - Sellers need to be concerned about major mistakes in estimating costs
following statements is true about "fairness - Sellers need to be concerned about recovering buy-in losses
to seller" that involve concerns? (Select all
that apply)
- Competition
Which of the following are market conditions
- Supply and Demand
that affect a reasonable price?
- General Economic Conditions
All of the following statements are true - Buyers and sellers usually have a good working knowledge of transactions between a
about government contracting as part of contractor and the government
pricing each contract separately EXCEPT:
Which of the following is the correct - Possible future event arising from known or unknown causes where the outcome
definition of a contingency in government cannot be determined
contracting?
You have been asked to procure seven high Price analysis
definition mobile cameras. You determine
that this is a commercial item. The prices for
these items range from approximately
$400,000 to $650,000 each. You identify six
vendors but you only receive one offer from
Advanced Technology Solutions (ATS). You
contact ATS and they are willing to provide
quantities, dates of sale, discounts offered,
and prices offered to their other customers.
What analysis of ATS's offer should you use?
In reviewing the acquisition plan, which form Price analysis
of proposal analysis do you think the
Contracting Officer contemplated using
prior to soliciting offers?
Which of the following estimating methods Detailed
produces estimates based on an analysis of
the methods and materials required to
complete each element of the work required
by the contract?
- Certified Cost or Pricing Data
Which of the following are key terms
- Cost or Pricing Data
associated with TINA?
- Data Other than Certified Cost or Pricing Data
Review Section B of the Acquisition Plan for No. While the initial award amount exceeded the TINA threshold of $2 million, the
the initial BBOMs contract. Did the Truth in Contracting Officer determined through market research that adequate price
Negotiation Act apply to this initial competition would exist for this requirement. Therefore, the exception at FAR 15.403-
procurement? Why or why not? 1(b)(1) applied. Offerors were not required to submit certified cost or pricing data.
CLC 056 Challenge Questions
2/5
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