Acq 101 module 5 - Study guides, Class notes & Summaries

ACQ 101 Module 7 Financial Management Guaranteed Success After the budget authority has passed its obligation period, it goes into the expired account for a period of 5 years and cannot be used for new obligations. ️True Anti-Deficiency Act ️Prohibits from involving the government in a contract or obligation for the payment of money before an appropriation is made unless authorized by law. Prohibits against over obligating or overspending an appropriation. Anti-deficiency Act Vio...

Defense Acquisition Course - ACQ 101 Module Four 100% Answered!!! PIR Activities to be accomplished in the context of typical program acquisition and/or operational activities: FOT&E Results, Platform Readiness, CC Exercise, User Satisfaction , IA Assessments, Annual CFO Report, Mission Readiness, War Games, Lessons Learned Production & Deployment Phase the purpose is to produce and deliver requirements-compliant products to receiving military organizations. Structure of the DoD Acquisiti...

Defense Acquisition Course - ACQ 101 Module Seven Answered 100% Correctly Key Elements of Financial Management 1. Cost Estimation 2. Defense Appropriations and Funding Policies 3. Resource Allocation Process 4. Expiration of Budget Authority & Reprogramming Budget Authority the authority provided by law to enter in obligations that will result in immediate or future outlays. Also characterized by the period of availability by the timing of congressional action, or by the manner used to ...

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 winning war Embedded software that controls devices used to assist Department of Defense (DoD) to conduct its m...

ACQ 101 Module 7 Financial Management new update exam trial review 2023 all done update What is budget authority? - What is a commitment? - What is an obligation? - What is an expenditure? - What is an outlay? - What is a life cycle cost? - Life Cycle Cost LCC is divided into 5 major appropriations categories; what are they? - What are 4 cost estimating techniques? The engineering cost technique method would be used early in the life of the program during the TM...

ACQ 101 Module 8 Contract Management Questions and Answers Already Passed What is a contract? legal instrument that defines the relationship between the government and a contractor, acquisition of property, supplies, or services for the direct benefit of the government. What are the elements of a contract? mutual assent; consideration; competency; lawful purpose; certainty of terms; form provide by law What is mutual assent? offer and acceptance; express intent, communicated, complete terms, c...

ACQ 101 Module 8 Contract Management definition of key terms in coming exam 2023 working update review What is a contract? - What are the elements of a contract? What is mutual assent? - What is consideration? - What is competency? - What is lawful purpose? - What is certainty of terms? - What is provide by law? - What covers government contracts? - What government agencies are exempt from the FAR? - Why was the Competition in Contracting Act CICA passed...

ACQ 101 Module 7 Financial Management Questions and Answers 100% Pass 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 ag...

Defense Acquisition Course - ACQ 101 Module Four 100% Answered!!! PIR Activities to be accomplished in the context of typical program acquisition and/or operational activities: FOT&E Results, Platform Readiness, CC Exercise, User Satisfaction , IA Assessments, Annual CFO Report, Mission Readiness, War Games, Lessons Learned Production & Deployment Phase the purpose is to produce and deliver requirements-compliant products to receiving military organizations. Structure of the DoD Acquisiti...

Defense Acquisition Course - ACQ 101 Module 2 Correctly Answered Updated 2023 The Under Secretary of Defense (Acquisition, Technology & Logistics) serves as the Chairman of what Board? Defense Acquisition Board (DAB) Name the three major top-level participants in defense acquisition at the national level. 1. Executive Branch 2. Legislative Branch (Congress) 3. Defense Industry Name the three categories of roles the major instituions of defense acquisition play. 1. Perspectives 2. Respon...