Acq 101 module 7 - Study guides, Class notes & Summaries

ACQ 101 Module 7 & Exam- Financial Management new exam guide written questions and answers 2023 Select the term that best fits the following definition: "An administrative reservation of funds by the local comptroller, in anticipation of a future obligation." - Which of the following is a Life Cycle Cost Category? - Generally, the Engineering cost technique method would be used early in the life of the program during the TMRR Phase when you do not have in-depth information about the...

Select the term that best fits the following definition: "An administrative reservation of funds by the local comptroller, in anticipation of a future obligation." *Commitment* Which of the following is a Life Cycle Cost Category? *Research and Development* Generally, the Engineering cost technique method would be used early in the life of the program during the TMRR Phase when you do not have in-depth information about the system you are designing. *False* Which of the following appropr...

What is budget authority? The authority to enter into obligations that will results in immediate or future outlays. Similar to a spending limit that is approved by Congress. What is a commitment? An administrative reservation of funds, usually by the comptroller, in anticipation of a future obligation. What is an obligation? The legal reserve of funds to make a future payment of money. What is an expenditure? Is a charge against available funds. It results from a voucher, claim or other do...

ACQ 101 Module 7 & Exam: Financial Management Questions and Answers 100% Pass

Defense Acquisition University ACQ 101/ACQ101 all module tests Fall 2022 Questions and correct Answers. Defense Acquisition University; ACQ 101 all module Exams 1) A system can be defined as: All elements (e.g., hardware, software, logistics support, personnel) needed to assist the Department of Defense (DoD) to conduct its mission of deterring or winning war The deployment and fielding processes used by the Department of Defense (DoD) to conduct its mission of deterring or winnin...

Defense Acquisition Course - ACQ 101 Module 9 Questions Well Answered Defense Contract Audit Agency (DCAA) responsible for conducting audit reviews of the contractor's accounting system policies, procedures and activities. Also the contract auditor assigned by the DCAA participates in surveillance and earned value management system review if a EVM Systems guidelines ensures that contractors have and use _________ that integrate cost, schedule, and technical performance. adequate managemen...

Defense Acquisition Course - ACQ 101 Module 9 Questions Well Answered Defense Contract Audit Agency (DCAA) responsible for conducting audit reviews of the contractor's accounting system policies, procedures and activities. Also the contract auditor assigned by the DCAA participates in surveillance and earned value management system review if a EVM Systems guidelines ensures that contractors have and use _________ that integrate cost, schedule, and technical performance. adequate managemen...

ACQ 101 Module 7 Financial Management questions with answers.