ACQ 202 Module 3 Exam, Part I (Rated A+)

ACQ 202 Module 3 Exam, Part I (Rated A+) 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 offerers best and ’ final proposals. What type of information exchange would the Contracting Officer use to get the information needed to allow the offerers to revise their proposals? Clarifications Negotiations Solicitations Communications 2.) What form of information exchange would a Contracting Officer use to reach agreement with an offeror over the terms of a contract? Communication Discussion Clarification Negotiation 3.) During source selection, a contractor calls you with a question about the Request for Proposal (RFP). To whom should you refer this inquiry? Lead Systems Engineer Contracting Officer Deputy Program Manager Program Manager 4.) The portion of the source selection process where the Government seeks to gain a complete understanding of the proposal and identify specific areas of concern is referred to as _________________. Fact finding Soliciting Bargaining Negotiating 5.) In Government contracting, one criterion for cost allowability is that the contractor s ’ costs must comply with Generally Accepted Accounting Principles (GAAP) and Government Cost Accounting Standards (CAS). True False 6.) In accordance with DoD acquisition policy and guidance, every program should consider, at a minimum, _____________________, human systems integration, reliability, availability, and maintainability. Return on assets Open systems architecture Return on investment Profit margin 7.) In the process of conducting design considerations, a program s systems ’ engineers are deciding from among Components A, B, and C. All three components meet performance [Apply the systems engineering process to determine a design solution to meet an operational need that demonstrates the [Remediation Accessed: Y] requirements. Component C has the highest initial cost; however, due to its superior reliability, it is projected to lead to lower life cycle costs than Components A and B in the long run, and this will help meet the program s affordability goals. ’ This is adequate justification for the team to select Component C. balancing of Affordability and Should Cost and technical activities.] True False 8.) A decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives. True False 9.) In our decision matrix, Option 1 receives a 3 for speed and a 1 for cost, and Option ’ ’ ’ ’ 2 receives a 2 for speed and a 2 for cost. The speed criterion has been assigned a ’ ’ ’ ’ weight of 0.2 and the cost criterion has been assigned a weight of 0.6. In accordance with the decision matrix approach, which of the following statements is true? Option 1 is better than Option 2 because its total weighted score is lower. Option 1 and Option 2 each score a total of 1.4; therefore, either choice is fine. Option 1 is better than Option 2 because its total weighted score is higher. Option 2 is better than Option 1 because its total weighted score is higher. 10.) The _________ presents the total revenues and expenses of a company for a given period. Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows 11.) Engineering expenses attributable solely to a contract are an example of _________. General and administrative (G&A) costs Direct labor costs Soft money costs Indirect labor costs 12.) 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? Reasonable Allocable Consistent with Cost Accounting Standards Consistent with the terms of the contract 13.) A strategy that adopts interface standards that are defined by and widely used throughout industry to facilitate the update of components with new technology is __________. Open systems Software-embedded systems Automated Information Systems Non-developmental items 14.) Modeling and simulation can enhance the Systems Engineering process by: Helping IPT members to understand the interrelationship of components without physically changing the system. Quickly providing physical solutions to meet functional capabilities. Eliminating technical risk before production begins. Providing designs that will consistently exceed functional capabilities. 15.) What problem-solving process is used within an Integrated Product and Process Development (IPPD) management process to provide a design that balances capability needs? Test and Evaluation Systems Engineering Technical Performance Measurement Configuration Management 16.) The capability of a system design to support operations and readiness at an affordable cost throughout the system's life is best described as __________. Supportability Maintainability Producibility Reliability 17.) Which Systems Engineering tool would be used to describe the products to be developed under the terms of the contract? Work Breakdown Structure (WBS) Trade Study Modeling and Simulation Technical Performance Measurement (TPM) 18.) One of the primary purposes of Technical Performance Measures is to: Serve as a record for configuration management. Track the effects of changes to the CDD. Serve as a tool to mitigate risk. Test the feasibility of the Work Breakdown Structure. 19.) Which of the following supportability analysis tools is used for defense planning and performed to determine the best, most efficient location where an item can be repaired? Failure Modes and Effects Criticality Analysis (FMECA) Reliability Centered Maintenance (RCM) Level of Repair Analysis (LORA) Preventive Maintenance 20.) To implement a company s business strategy, an effective organizational structure ’ will: Support the company s vision ’ Have as few top managers as possible Use only the matrix organizational structure Focus on only one area 21.) An effective organizational structure can create a competitive advantage by: Concentrating resources solely on customer support Facilitating stability and resistance to change Focusing on only one company segment Facilitating responsiveness to change 22.) Simulation Based Acquisition involves the integration of ______________across functional disciplines throughout the acquisition process. Trade Studies Commercial products Modeling and Simulation Configuration Management