Introduction to Contract Pricing Exam
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contains 10 Questions
1) True or False: Certified cost or pricing data must be factual data, and
must not include judgmental information. [Recognize the importance of
documenting contract negotiations]
True
Fals
e
2) When pricing a fixed price contract using the cost principles and
procedures at FAR Part 31, the final price accepted by the parties reflects
agreement only on the total price, and not on the individual cost elements.
[Identify the applicability of the cost principles and procedures to various types of contracts and
subcontracts]
Fals
e
True
3) Which of the following choices qualify as a prerequisite for a cost to be
considered allocable to a particular contract? (Select all that apply) [Identify
the cost principles and procedures pertaining to contracts with commercial organizations]
[Remediation Accessed :Y]
The cost benefits both the contract and other work, and can be
distributed to them in reasonable proportion to the
The costs are necessary only for the operation of the specific division
responsible for contract performance, and not for the operation of the
company as a whole
This study source was downloaded by 100000839383624 from CourseHero.com on 01-26-2022 15:55:13 GMT -06:00
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, The costs are considered by the Government to be fair and
reasonable
The cost is incurred specifically for that
contract
4) The Christian Doctrine in contracting dictates that if the FAR requires that
a clause which addresses an important topic be included in a government
contract, and if the contracting officer mistakenly omits the clause, the
courts can interpret the contract as though the clause was in fact included
in the contract. True or False: The cost accounting standards are covered by
the Christian Doctrine. [Identify the CAS program requirements] [Remediation
Accessed :Y]
True
Fals
e
5) Which of the following are the types of CAS coverage recognized in the
FAR? [Identify the general rules pertaining to Cost Accounting Standards administration]
Modified
coverage
Minimal
coverage
Full
coverage
Small business
coverage
6) The FAR identifies which of the following as being able to waive CAS
applicability for a particular contract? [Identify when a contract or subcontract is
subject to CAS] [Remediation Accessed :Y]
Head of the
Agency
Procuring Contracting
Officer
Administrative Contracting
Officer
Cognizant Federal Agency
Official
This study source was downloaded by 100000839383624 from CourseHero.com on 01-26-2022 15:55:13 GMT -06:00
https://www.coursehero.com/file/24593295/Introduction-to-Contract-Pricing-Exam-CLC058docx/
Here is your test result.The dots represent the choices you have made.
The highlighted questions are the questions you have missed.
Remediation Accessed shows whether you accessed those links.'N' represents links
not visited and 'Y' represents visited links.
Back to Status page
contains 10 Questions
1) True or False: Certified cost or pricing data must be factual data, and
must not include judgmental information. [Recognize the importance of
documenting contract negotiations]
True
Fals
e
2) When pricing a fixed price contract using the cost principles and
procedures at FAR Part 31, the final price accepted by the parties reflects
agreement only on the total price, and not on the individual cost elements.
[Identify the applicability of the cost principles and procedures to various types of contracts and
subcontracts]
Fals
e
True
3) Which of the following choices qualify as a prerequisite for a cost to be
considered allocable to a particular contract? (Select all that apply) [Identify
the cost principles and procedures pertaining to contracts with commercial organizations]
[Remediation Accessed :Y]
The cost benefits both the contract and other work, and can be
distributed to them in reasonable proportion to the
The costs are necessary only for the operation of the specific division
responsible for contract performance, and not for the operation of the
company as a whole
This study source was downloaded by 100000839383624 from CourseHero.com on 01-26-2022 15:55:13 GMT -06:00
https://www.coursehero.com/file/24593295/Introduction-to-Contract-Pricing-Exam-CLC058docx/
, The costs are considered by the Government to be fair and
reasonable
The cost is incurred specifically for that
contract
4) The Christian Doctrine in contracting dictates that if the FAR requires that
a clause which addresses an important topic be included in a government
contract, and if the contracting officer mistakenly omits the clause, the
courts can interpret the contract as though the clause was in fact included
in the contract. True or False: The cost accounting standards are covered by
the Christian Doctrine. [Identify the CAS program requirements] [Remediation
Accessed :Y]
True
Fals
e
5) Which of the following are the types of CAS coverage recognized in the
FAR? [Identify the general rules pertaining to Cost Accounting Standards administration]
Modified
coverage
Minimal
coverage
Full
coverage
Small business
coverage
6) The FAR identifies which of the following as being able to waive CAS
applicability for a particular contract? [Identify when a contract or subcontract is
subject to CAS] [Remediation Accessed :Y]
Head of the
Agency
Procuring Contracting
Officer
Administrative Contracting
Officer
Cognizant Federal Agency
Official
This study source was downloaded by 100000839383624 from CourseHero.com on 01-26-2022 15:55:13 GMT -06:00
https://www.coursehero.com/file/24593295/Introduction-to-Contract-Pricing-Exam-CLC058docx/
