Firm fixed price contract - Study guides, Class notes & Summaries

CON 2370 Simplified Acquisition Procedures Exam Questions with Correct Answers | Professor Verified | Graded A+ You have a requirement for a one-time purchase with an estimated value of $180,700. You are not required to synopsize this contract action. Which one of the following describes the competition requirement for this acquisition? Quotes must be solicited from at least three sources You are the contracting officer for a firm-fixed-price purchase order for noncommercial supplies th...

CON 2370 Simplified Acquisition Procedures, Exam Practice Questions With Answers Updated (Verified). You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following is corre...

CON 2370 Simplified Acquisition DIFICULT EXAM QUESTIONS WITH 100% CORRECT ANSWERS | 2023 VERSION | PROFESSOR VERIFIED | GRADED A+ You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts were developed using Government funds and are not offered to the general public. The estimated dollar value of the acquisition is $275,000. Which one of the following statements is true? The use of simplified acquisition procedures is prohibit...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

(T03.E03b) You have just been informed that a purchase order you recently awarded for commercial services is no longer needed and must be canceled. The order was accepted in writing by the contractor. Which statement is true? - ANSWER- ($)The purchase order must be terminated in accordance with FAR 12.403 and FAR 52.212-4. (T02.E03b) Which one of the following statements about the evaluation of quotations or offers using SAP is true? - ANSWER- ($)Quotations or offers must be evaluated using...

SIE exam caril: complete study guide Q-bank answered latest spring 2023. What type of risk is unique to a specific industry, business enterprise, or investment type? - Under which of the following circumstances is an investor in a position to acquire stock? - Options- a premium - Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the sto...

CON 3900 Questions and Answers Already Passed Market research is conducted during which phase of acquisition? All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? Deviation Simplified Acquisition Procedures (SAP) should Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? DD Form 1547, Weighted Guidelines Method What type(s) of contracts can be awarded when acqui...

Conduct and Practices Handbook (CPH) Exam 136 Questions with Answers Duty of care - CORRECT ANSWER This refers to obligation #3 of registered representative (RR) about acting honestly, in good faith, and in a professional manner. This is a requirement to provide advice to clients with those attributes in mind along with the proper skills and knowledge to do so. It is important to note that the standard of care provided is not a standard of perfection. RRs are usually held to this standard muc...

The sum of the practices and processes that an enterprise uses to manage the total life cycle cost investment in its portfolio of strategic assets is called _________ Total Cost Management ______ is the application of scientific principles and techniques to problems of : - estimation - cost control - business planning & management science - profitability analysis - project management - planning & scheduling Cost Engineering _______ Is the value of an activity or asset. Gene...

CON 2370 Exam With Verified Questions and Answers Which one of the following would result in the establishment of a contract? - answerSupplier's written acceptance of an order You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of $1,425,000. Your customer has notified you that one of the contractually required reports accepted by the Government was submitted five days late. You investigate and verify that the report was submitted la...