1) The Army receives proposals from eight different companies in
response to a Request for Proposal (RFP). The Contracting Officer has
identified the most highly rated proposals, determined the competitive
range, and wants to get the offerors' best and final proposals. What type
of information exchange would the Contracting Officer use to get the
information needed to allow the offerors to revise their proposals?
[Differentiate among the various types of interaction between the Government and contractors,
e.g., discussions, clarifications, deficiencies, communications, and exchanges.]
[Remediation Accessed :N]
Negotiation
s
Clarification
s
Communicatio
ns
Solicitation
s
2) Negotiations cannot take place until after the Source Selection Authority
has awarded the contract. [Identify the role and responsibility of the participants in fact
finding and negotiations.] [Remediation Accessed :N]
Fals
e
True
3) The _________ presents the total revenues and expenses of a company for a
given period. [Identify how the balance sheet and income statement portray the operating
characteristics and health of a business.]
Income
Statement
Balance
Sheet
Statement of Cash
Flows
Statement of Retained
,Earnings
4) Engineering expenses attributable solely to a contract are an example of
_________. [Differentiate generally between direct cost and indirect cost.]
Direct labor
costs
Indirect labor
costs
General and administrative (G&A)
costs
Soft money
costs
5) For a contract cost to be considered "allowable," it must meet certain
criteria. If the cost does not exceed what a business person would be willing
to pay in a competitive environment, which one of the following criteria is
met? [Identify how indirect costs are allocated to a contract.] [Remediation Accessed :N]
Reasonabl
e
Allocabl
e
Consistent with Cost Accounting
Standards
Consistent with the terms of the
contract
6) A company's organizational structure supports its business strategy by:
[Explain how corporations use their organizations to implement their business strategies.]
Focusing resources where needed to achieve corporate goals and
objectives
Having as many managers as
possible
Using only the divisional organizational
structure
, Focusing on only one
area
7) An effective organizational structure can create a competitive advantage
by: [Recognize how company organizations can create a competitive advantage.]
Facilitating responsiveness to
change
Focusing on only one company
segment
Facilitating stability and resistance to
change
Concentrating resources solely on customer
support
8) Which is more likely to centralize functions in staff organizations that
support all business areas or product lines? [Recognize different typical company
organizational models used between small and large business.] [Remediation Accessed :N]
Smaller
companies
Larger
companies
Divisional organizational
structure
Non-governmental
organizations
9) During source selection, a contractor calls you with a question about the
Request for Proposal (RFP). To whom should you refer this inquiry? [Identify
the complementary roles and responsibilities of the Contracting Officer and the Program Manager in
their partnership during source selection.]
Contracting
Officer
Program
Manager
Deputy Program
response to a Request for Proposal (RFP). The Contracting Officer has
identified the most highly rated proposals, determined the competitive
range, and wants to get the offerors' best and final proposals. What type
of information exchange would the Contracting Officer use to get the
information needed to allow the offerors to revise their proposals?
[Differentiate among the various types of interaction between the Government and contractors,
e.g., discussions, clarifications, deficiencies, communications, and exchanges.]
[Remediation Accessed :N]
Negotiation
s
Clarification
s
Communicatio
ns
Solicitation
s
2) Negotiations cannot take place until after the Source Selection Authority
has awarded the contract. [Identify the role and responsibility of the participants in fact
finding and negotiations.] [Remediation Accessed :N]
Fals
e
True
3) The _________ presents the total revenues and expenses of a company for a
given period. [Identify how the balance sheet and income statement portray the operating
characteristics and health of a business.]
Income
Statement
Balance
Sheet
Statement of Cash
Flows
Statement of Retained
,Earnings
4) Engineering expenses attributable solely to a contract are an example of
_________. [Differentiate generally between direct cost and indirect cost.]
Direct labor
costs
Indirect labor
costs
General and administrative (G&A)
costs
Soft money
costs
5) For a contract cost to be considered "allowable," it must meet certain
criteria. If the cost does not exceed what a business person would be willing
to pay in a competitive environment, which one of the following criteria is
met? [Identify how indirect costs are allocated to a contract.] [Remediation Accessed :N]
Reasonabl
e
Allocabl
e
Consistent with Cost Accounting
Standards
Consistent with the terms of the
contract
6) A company's organizational structure supports its business strategy by:
[Explain how corporations use their organizations to implement their business strategies.]
Focusing resources where needed to achieve corporate goals and
objectives
Having as many managers as
possible
Using only the divisional organizational
structure
, Focusing on only one
area
7) An effective organizational structure can create a competitive advantage
by: [Recognize how company organizations can create a competitive advantage.]
Facilitating responsiveness to
change
Focusing on only one company
segment
Facilitating stability and resistance to
change
Concentrating resources solely on customer
support
8) Which is more likely to centralize functions in staff organizations that
support all business areas or product lines? [Recognize different typical company
organizational models used between small and large business.] [Remediation Accessed :N]
Smaller
companies
Larger
companies
Divisional organizational
structure
Non-governmental
organizations
9) During source selection, a contractor calls you with a question about the
Request for Proposal (RFP). To whom should you refer this inquiry? [Identify
the complementary roles and responsibilities of the Contracting Officer and the Program Manager in
their partnership during source selection.]
Contracting
Officer
Program
Manager
Deputy Program
