CLC 056 EXAM TEST SCRIPT 2026
QUESTIONS WITH FULL ANSWERS GRADED A+
◉ True or False: Simple linear regression is most appropriate when
there is more than one independent variable. Answer: - False
◉ What is the negotiation term that reflects each party emphasizing
the long term effects and benefits as well as both parties defining
their interests to be achieved in conjunction with the outcome?
Answer: - Win-Win
◉ A cost is allowable if it is: Answer: - Reasonable, allocable, and
compliant with CAS/GAAP
◉ True or False: A contractor estimates labor rates using weighted
averages. As a contacting officer, you are NOT required to consider
any labor-management agreement when developing you labor rate
objective. Answer: - False
◉ True or False: "Direct labor positions" share the same titles and
pay levels. Answer: - False
◉ When certified cost or pricing data is required, data showing that
adequate price competition for acquisitions exceeding the TINA
, threshold was obtained is required as part of the contractor's
proposal. Answer: - True
◉ Identify the circumstances when cost analysis should be
preformed by answering the following question, "Unless an
exception to certified cost or pricing data applies, you can perform
cost analysis on which of the following procurements?" Answer: -
The modification of any sealed bid or negotiated contract
- The award of a subcontract at any tier, if the contractor and each
higher-tier subcontractor have been required to furnish certified
cost or pricing data
- The award of any negotiated contract (except for undefinitized
actions such as letter contracts
◉ How is the Treasury Rate applied in calculating Facilities Capital
Cost of Money (FCCOM)? Answer: - Divided into the FCCOM total
amount
◉ The pre-negotiation objective establishes the government's initial
negotiation position and assists the contracting officer in
determining a fair and reasonable price. How does proposal
modeling assist the contracting officer in achieving these objectives?
(Choose all that apply) Answer: - Allows real time calculation of
offers and counteroffers during negotiations
QUESTIONS WITH FULL ANSWERS GRADED A+
◉ True or False: Simple linear regression is most appropriate when
there is more than one independent variable. Answer: - False
◉ What is the negotiation term that reflects each party emphasizing
the long term effects and benefits as well as both parties defining
their interests to be achieved in conjunction with the outcome?
Answer: - Win-Win
◉ A cost is allowable if it is: Answer: - Reasonable, allocable, and
compliant with CAS/GAAP
◉ True or False: A contractor estimates labor rates using weighted
averages. As a contacting officer, you are NOT required to consider
any labor-management agreement when developing you labor rate
objective. Answer: - False
◉ True or False: "Direct labor positions" share the same titles and
pay levels. Answer: - False
◉ When certified cost or pricing data is required, data showing that
adequate price competition for acquisitions exceeding the TINA
, threshold was obtained is required as part of the contractor's
proposal. Answer: - True
◉ Identify the circumstances when cost analysis should be
preformed by answering the following question, "Unless an
exception to certified cost or pricing data applies, you can perform
cost analysis on which of the following procurements?" Answer: -
The modification of any sealed bid or negotiated contract
- The award of a subcontract at any tier, if the contractor and each
higher-tier subcontractor have been required to furnish certified
cost or pricing data
- The award of any negotiated contract (except for undefinitized
actions such as letter contracts
◉ How is the Treasury Rate applied in calculating Facilities Capital
Cost of Money (FCCOM)? Answer: - Divided into the FCCOM total
amount
◉ The pre-negotiation objective establishes the government's initial
negotiation position and assists the contracting officer in
determining a fair and reasonable price. How does proposal
modeling assist the contracting officer in achieving these objectives?
(Choose all that apply) Answer: - Allows real time calculation of
offers and counteroffers during negotiations
