1|Page
CON 3990V CERTIFICATION TEST 2026/2027 BANK
400 QUESTIONS WITH DETAILED VERIFIED
ANSWERS||VERIFIED EXAM QUESTIONS WILL COME
FROM HERE (100% CORRECT ANSWERS/ A+
GRADED||NEWEST EXAM!!!
They made a decision based on what a prudent and
competent buyer would be willing to pay. - Answer-They
made a decision based on what a prudent and competent
buyer would be willing to pay.
Price analysis is used...(select the 2 correct answers):
To evaluate the reasonableness of individual cost
elements
When certified cost or pricing data are not required.
To evaluate data other than certified cost or pricing data to
determine cost reasonableness or cost realism
,2|Page
To verify that the overall price offered is fair and
reasonable. - Answer-When certified cost or pricing data
are not required.
To verify that the overall price offered is fair and
reasonable.
Cost analysis is used... (select the 2 correct answers):
To evaluate the reasonableness of individual cost
elements
When certified cost or pricing data are not required.
To evaluate data other than certified cost or pricing data to
determine cost reasonableness or cost realism
To verify that the overall price offered is fair and
reasonable. - Answer-To evaluate the reasonableness of
individual cost elements
, 3|Page
To evaluate data other than certified cost or pricing data to
determine cost reasonableness or cost realism
According to FAR 2.101, cost or pricing data...
Is factual
Includes all facts that may or may not affect price
negotiations
Is judgmental
May not be verifiable - Answer-Is factual
A price is based on adequate price competition when...
(select all that apply)
In receipt of offers from two or more responsible offerors
Only one offer was received, but the action was solicited
as full and open competition.
CON 3990V CERTIFICATION TEST 2026/2027 BANK
400 QUESTIONS WITH DETAILED VERIFIED
ANSWERS||VERIFIED EXAM QUESTIONS WILL COME
FROM HERE (100% CORRECT ANSWERS/ A+
GRADED||NEWEST EXAM!!!
They made a decision based on what a prudent and
competent buyer would be willing to pay. - Answer-They
made a decision based on what a prudent and competent
buyer would be willing to pay.
Price analysis is used...(select the 2 correct answers):
To evaluate the reasonableness of individual cost
elements
When certified cost or pricing data are not required.
To evaluate data other than certified cost or pricing data to
determine cost reasonableness or cost realism
,2|Page
To verify that the overall price offered is fair and
reasonable. - Answer-When certified cost or pricing data
are not required.
To verify that the overall price offered is fair and
reasonable.
Cost analysis is used... (select the 2 correct answers):
To evaluate the reasonableness of individual cost
elements
When certified cost or pricing data are not required.
To evaluate data other than certified cost or pricing data to
determine cost reasonableness or cost realism
To verify that the overall price offered is fair and
reasonable. - Answer-To evaluate the reasonableness of
individual cost elements
, 3|Page
To evaluate data other than certified cost or pricing data to
determine cost reasonableness or cost realism
According to FAR 2.101, cost or pricing data...
Is factual
Includes all facts that may or may not affect price
negotiations
Is judgmental
May not be verifiable - Answer-Is factual
A price is based on adequate price competition when...
(select all that apply)
In receipt of offers from two or more responsible offerors
Only one offer was received, but the action was solicited
as full and open competition.
