ACQ 202 Mod 3 Part 1 Test, Questions With Correct Answers. Latest 2022.

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ACQ 202 Mod 3 Part 1 Test, Questions With Correct Answers. Latest 2022. 1) The Army receives proposals from eight different companies in response to a Request for Proposal (RFP). The Contracting Offi... cer 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 [Show More]

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