ACQ 1010 MODULE 5 EXAM QUESTIONS AND
VERIFIED ACCURATE ANSWERS
Which of the following appropriations categories fund the Research and Development
efforts performed by both contractors and government agencies? - Answers - Research,
Development, Test and Evaluation
Who can approve the realignment of funds between activities that are below the level of
control for that appropriation category and that does not require a reprogramming
action? - Answers - Program Manager
Approval for reprogramming must always involve Congress. - Answers - False
Select the term that best fits the following definition: "When the vendor cashes the
expenditure check and money flows from the Treasury to the vendor or supplier." -
Answers - * Not Expenditure
* Not Obligation
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. - Answers -
Analogy
What is the purpose of a Life Cycle Cost Estimate (LCCE)? - Answers - 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. - Answers
- False
Which of the following appropriations categories provides funds for programs that have
been approved for production? - Answers - 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. - Answers - Parametric
Select the term that best fits the following definition: "A charge against available funds,
resulting from a voucher, claim, or other document approved by a competent authority."
- Answers - * Not committment
VERIFIED ACCURATE ANSWERS
Which of the following appropriations categories fund the Research and Development
efforts performed by both contractors and government agencies? - Answers - Research,
Development, Test and Evaluation
Who can approve the realignment of funds between activities that are below the level of
control for that appropriation category and that does not require a reprogramming
action? - Answers - Program Manager
Approval for reprogramming must always involve Congress. - Answers - False
Select the term that best fits the following definition: "When the vendor cashes the
expenditure check and money flows from the Treasury to the vendor or supplier." -
Answers - * Not Expenditure
* Not Obligation
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. - Answers -
Analogy
What is the purpose of a Life Cycle Cost Estimate (LCCE)? - Answers - 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. - Answers
- False
Which of the following appropriations categories provides funds for programs that have
been approved for production? - Answers - 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. - Answers - Parametric
Select the term that best fits the following definition: "A charge against available funds,
resulting from a voucher, claim, or other document approved by a competent authority."
- Answers - * Not committment
