CON 3990 Exam Study Guide questions with verified detailed answers

2



CON 3990 Exam Study Guide questions with verified detailed
|| || || || || || || || ||




answers


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

Modification Type: Exercising an Option
|| || || ||




Unilateral

Modification Type: Administrative Change
|| || ||




Unilateral

Modification Type: An Agreement definitizing a letter contract
|| || || || || || ||




Bilateral

, 2


Modification Type: Modifying terms and conditions
|| || || || ||




Bilateral

Modification Type: Negotiated equitable adjustment
|| || || ||




Bilateral

Modification Type: Issue a change order
|| || || || ||




Unilateral

Contract type: Cost-Plus-Percentage of Cost
|| || || ||




Shall not be used
|| || ||




Contract type: FP-EPA
|| ||




Commercial Item & Sealed Bidding
|| || || ||




Contract type: FFP
|| ||




Commercial Item & Sealed Bidding
|| || || ||




Contract type: Cost-Plus-Incentive-Fee
|| ||




Incentive Contracts ||




Contract type: Cost-Plus-Award-Fee
|| ||




Incentive Contracts ||




Contract type: Fixed Price Incentive Firm
|| || || || ||




Incentive Contracts ||




Cost or Pricing Data: Factual, not judgmental?
|| || || || || ||




Yes

Cost or Pricing Data: Opinions?
|| || || ||




No

Cost or Pricing Data: Subjective?
|| || || ||




No

Cost or Pricing Data: Verifiable?
|| || || ||




Yes