ACQ 1010 Module 5 Exam Questions
and Answers
What cost estimating technique would be indicated for the following situation? The
program just entered the Technology Maturation and Risk Reduction phase. This
method of cost estimating is quick but subjective and not as precise as other cost
estimating methods. Technical and cost data from similar systems exist. - Answer-
Analogy
What is the purpose of a Life Cycle Cost Estimate (LCCE)? - Answer- Acquire Funding
for a system throughout its lifespan.
Below Threshold Reprogramming for procurement is limited to the lesser of $20 million
or 20%, into or out of a program. Thresholds vary by appropriations category. - Answer-
False
Which of the following appropriations categories provides funds for programs that have
been approved for production? - Answer- Procurement
What cost estimating technique would be indicated for the following situation? The
program is early in the Engineering and Manufacturing Development phase. An
estimate is needed quickly to support a "what-if" discussion. A moderate degree of
subjectivity can be accommodated. A good database exists with information on many
similar systems and their performance characteristics. - Answer- Parametric
Which major appropriations category below is NOT included in the Life Cycle Cost
Estimate? - Answer- * Not Military Construction
Select the term that best fits the following definition: "The legal reservation of funds to
make a future payment of money." - Answer- Obligation
Which of the following appropriations categories fund major projects such as bases,
schools, and maintenance facilities? - Answer- * Not Operations and Maintenance
Select the term that best fits the following definition: "An administrative reservation of
funds by the local comptroller, in anticipation of a future obligation." - Answer- * Not
Budget Authority
Which of the following is true of Internal Reprogramming? - Answer- * Not involves use
of carry over Budget Authority that are about to expire into the next fiscal year
* Not
and Answers
What cost estimating technique would be indicated for the following situation? The
program just entered the Technology Maturation and Risk Reduction phase. This
method of cost estimating is quick but subjective and not as precise as other cost
estimating methods. Technical and cost data from similar systems exist. - Answer-
Analogy
What is the purpose of a Life Cycle Cost Estimate (LCCE)? - Answer- Acquire Funding
for a system throughout its lifespan.
Below Threshold Reprogramming for procurement is limited to the lesser of $20 million
or 20%, into or out of a program. Thresholds vary by appropriations category. - Answer-
False
Which of the following appropriations categories provides funds for programs that have
been approved for production? - Answer- Procurement
What cost estimating technique would be indicated for the following situation? The
program is early in the Engineering and Manufacturing Development phase. An
estimate is needed quickly to support a "what-if" discussion. A moderate degree of
subjectivity can be accommodated. A good database exists with information on many
similar systems and their performance characteristics. - Answer- Parametric
Which major appropriations category below is NOT included in the Life Cycle Cost
Estimate? - Answer- * Not Military Construction
Select the term that best fits the following definition: "The legal reservation of funds to
make a future payment of money." - Answer- Obligation
Which of the following appropriations categories fund major projects such as bases,
schools, and maintenance facilities? - Answer- * Not Operations and Maintenance
Select the term that best fits the following definition: "An administrative reservation of
funds by the local comptroller, in anticipation of a future obligation." - Answer- * Not
Budget Authority
Which of the following is true of Internal Reprogramming? - Answer- * Not involves use
of carry over Budget Authority that are about to expire into the next fiscal year
* Not
