Allowable cost reasonable - Study guides, Class notes & Summaries
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WARRANT BOARD EXAM QUESTIONS AND ANSWERS
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WARRANT BOARD EXAM QUESTIONS 
AND ANSWERS 
What are the 4 steps to minimize defective pricing? FAR 15.4 - answera. Obtain DCAA 
audits prior to negotiation 
b. Audit work in process 
c. Pressure Contractor to correct deficiencies 
d. Have Contractor evaluate subcontract proposals properly 
What is the reference for Acq plan (AP) and location of template? - answerAFFARS 
5307.105 
Color of Money - answer3400-O&M-1 year 
3600-R&D-2 year 
3080-procurement-3 year 
What are the elements of a contract...
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CON 3990 Exam Study Guide Questions With Complete Solutions
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Allowable Cost: Reasonable? correct answer: Yes 
 
Allowable Cost: Realistic? correct answer: No 
 
Allowable Cost: Any limitations set forth in FAR subpart 31.2? correct answer: Yes 
 
Allowable Cost: IAW the terms of the contract? correct answer: Yes 
 
Allowable Cost: IAW Common Law? correct answer: No 
 
Allowable Cost: Allocable? correct answer: Yes 
 
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? correct answer: Yes 
 
Allowable Cost: An...
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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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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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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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