Tradeoff process - Study guides, Class notes & Summaries

Customer value - Answer-the customers perception of what they want to have happen in a specific use situation, with the help of a product or service, in order to accomplish a desired purpose or goal. customer satisfaction customer value - Answer-= performance =importance 5 key aspects of customer value - Answer-1. tradeoff of benefits and sacrifices 2. interaction of both customer and product 3. Relative to competitors, individuals, and situations 4. goal driven by customers desired attr...

negotiated contract correct answer: a contract awarded using other than sealed bidding procedures best value continuum correct answer: a technique that ensures the best deal for the government is obtained through the use of any one or a combination of source selection approaches Cost or price may play a dominant role in source selection in correct answer: acquisitions where the requirement is clearly definable and the risk of unsuccessful contract performance is minimal The less defi...

Internal control correct answers A process, effected by an entity's BOD, management, and other personnel Composed of policies and procedures designed to provide reasonable assurance that the company achieves its objectives in following: - Reliability of financial reporting - Effectiveness/efficiency of operations - Compliance with laws/regulations Limitations of Internal Control correct answers Personnel errors - misunderstanding instructions, being careless or fatigued Manageme...

Contract type Determines cost risk allocation between Government and contractor. Labor-hour Contract type where contractor is paid based on labor hours worked. Fixed-price Contract type where price is set and does not change. Government contract Must be in writing, except when authorized otherwise. Hard copy Required format for a Government contract, unless authorized otherwise. Administrative closeout Responsibility of the Government contract administration office...

BTC Study Guide Exam 1 Questions & Answers 2024/2025 List and define the three main characteristics of embedded systems that distinguish such systems from other computing systems. - ANSWERSSingle Functioned, Tightly-Constrained, and Reactive/Real-Time List 5 common design metrics for embedded systems - ANSWERSUnit Cost, NRE Cost, Size, Performance, Power, Flexibility. List a pair of design metrics that may compete with one another, providing an intuitive explanation of the reason behi...

SPIPC (SPeD) Exam Questions And Answers What is the purpose of the PPBE process: - ANS (PPBE) process is one of three processes (Acquisition, Requirements and Funding) that support the Defense Acquisition System. The PPBE process is focused on the Financial Management and resource allocation for current and future DoD acquisition programs. PPBE Process is focused on: - ANS on the Financial Management and resource allocation for current and future DoD acquisition programs. The proces...

CFCM Exam Practice Test What is a Certificate of Competency - A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry Size Standards - FAR 19.102(b...

CFCM Final Exam Questions What is a Certificate of Competency? - A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry Application of size stan...

Certificate of Competency issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific government contract (FAR 19.601(a)) Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? $35,000 (FAR 13.402(a)) What can a contractor access online at ? Government-wide Point of Entry (GPE) (FAR 5.201(d)) How is the publication of...

What is a Certificate of Competency - A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry Size Standards - FAR 19.102(b)(3): "(Small business size s...