Allowable cost reasonable - Study guides, Class notes & Summaries
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CON 3990 Exam Study Guide 2024
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Allowable Cost: Reasonable? 
Yes 
Allowable Cost: Realistic? 
No 
Allowable Cost: Any limitations set forth in FAR subpart 31.2? 
Yes 
Allowable Cost: IAW the terms of the contract? 
Yes 
Allowable Cost: IAW Common Law? 
No 
Allowable Cost: Allocable? 
Yes 
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? 
Yes 
Allowable Cost: Any Limitations set forth in FAR subpart 15.1? 
No 
Modification Type: Exercising an Option 
Unilateral 
Modification Type: Admi...
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CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) Answered
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CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work Th...
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Life & Health Insurance Exam Prep Questions & Answers Solved 100% Correct!!
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Basic Medical Expense policies - Provide coverage for Hospital, Surgical and Physicians Medical 
Expense. 
-Purchased as a individual or group policy. 
-provide first dollar coverage (no deductibles). 
-limited benefit periods and low coverage limits. 
Major Medical Expense Policy - -A supplement (in addition) to Basic Medical or as a stand-alone 
policy. 
-individual or group policy. 
-Take over when the Basic Policy runs out 
Hospital Expenses - -Pay for covered expenses incurred during a hosp...
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CFCM Study Guide: FULL TEST
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CFCM Study Guide: FULL TEST 
 
Which of the following statements is NOT true? 
 
a. The government encourages the maximum practicable commercial use of inventions made 
under government contracts. 
b. The government recognizes rights in data developed at private expense, and limits its demands 
for delivery of that data. 
c. The government requires that contractors obtain permission from copyright owners before 
including copyrighted works, owned by others, in data to be delivered to the governm...
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CLC 056 Analyzing Contract Costs Study Guide (100% Errorless Answers) 2024.
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According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? correct answers Comparison of proposed prices received in response to the solicitation * 
 
How may you request an audit? correct answers All of these are correct 
 
A "questioned cost" is one that has not yet been evaluated. correct answers False * 
 
True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * 
 
For which of the following procu...
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CLC 056 Analyzing Contract Costs Study Guide (100% Errorless Answers) 2024.
- Exam (elaborations) • 17 pages • 2023
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According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? correct answers Comparison of proposed prices received in response to the solicitation * 
 
How may you request an audit? correct answers All of these are correct 
 
A "questioned cost" is one that has not yet been evaluated. correct answers False * 
 
True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * 
 
For which of the following procu...
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CON 3990 Exam Study Guide Exam Questions And Answers 100% Solved
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CON 3990 Exam Study Guide Exam 
Questions And Answers 100% Solved 
Allowable Cost: Reasonable? 
Yes 
Allowable Cost: Realistic? 
No 
Allowable Cost: Any limitations set forth in FAR subpart 31.2? 
Yes 
Allowable Cost: IAW the terms of the contract? 
Yes 
Allowable Cost: IAW Common Law? 
No 
Allowable Cost: Allocable? 
Yes 
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting 
Standards? 
Yes 
Allowable Cost: Any Limitations set forth in FAR subpart 15.1? 
No 
Modifica...
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CLC 056 Questions With Accurate Answers
- Exam (elaborations) • 38 pages • 2023
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Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. 
 
It is important to evaluate the separate cost elements and proposed profit/fee to determine how the proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. - Answer Contracting Officers are required to purchase supplies and services from responsible sources at f...
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CON 3990 Exam Study Guide Exam Questions And Answers 100% Solved
- Exam (elaborations) • 3 pages • 2024
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CON 3990 Exam Study Guide Exam 
Questions And Answers 100% Solved 
Allowable Cost: Reasonable? 
Yes 
Allowable Cost: Realistic? 
No 
Allowable Cost: Any limitations set forth in FAR subpart 31.2? 
Yes 
Allowable Cost: IAW the terms of the contract? 
Yes 
Allowable Cost: IAW Common Law? 
No 
Allowable Cost: Allocable? 
Yes 
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting 
Standards? 
Yes 
Allowable Cost: Any Limitations set forth in FAR subpart 15.1? 
No 
Modifica...
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Contracting Officer Warrant board questions with complete solutions
- Exam (elaborations) • 79 pages • 2024
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Contracting Officer Warrant board 
questions with complete solutions 
 
You are the PCO for a major competitive negotiated source selection. The RFP, which reflects 
the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders 
to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 
loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? 
What factors should you consider i...
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