Questions and Answers > Alabama State University ACQ 202 Module 3 - Designing - Prototyping the System Part I

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Alabama State University ACQ 202 Module 3 - Designing - Prototyping the System Part I 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.] True Fals e 3) The __________ shows the financial condition of the firm at a point in time expressed as assets and liabilities. [Identify how the balance sheet and income statement portray the operating characteristics and health of a business.] Balance Sheet Statement of Cash Flows Statement of Retained Earnings Income Statement 4) Any cost necessary to the overall operation of the business is called __________. [Differentiate generally between direct cost and indirect cost.] [Remediation Accessed :N] General and administrative (G&A) cost Overhead cost Direct materials cost Direct labor cost 5) For a contract cost to be considered "allowable," it must meet certain criteria. If the cost can be attributed to a specific contract, which one of the following criteria is met? [Identify how indirect costs are allocated to a contract.] [Remediation Accessed :N] Allocabl e Consistent with the terms of the contract Reasonabl e Consistent with Government Cost Accounting Standards 6) An effective organizational structure: [Explain how corporations use their organizations to implement their business strategies.] Supports the strategic goals of the company Facilitates stability and resistance to change Has as few top managers as possible Uses only the functional organizational structure 7) An effective organizational structure facilitates rapid responsiveness to change by: [Recognize how company organizations can create a competitive advantage.] [Remediation Accessed :N] Delegating decision making to the lowest level possible Ensuring that top management makes all key decisions Focusing on stability and resistance to change Concentrating solely on profit 8) ___________ companies often centralize staff functions to support all business units; __________ companies often decentralize staff functions, dedicating them to each business or product organization. [Recognize different typical company organizational models used between small and large business.] Smaller/large r Larger/smalle r Divisional/matri x Divisional/function al 9) During source selection, you are evaluating a proposal and you have some questions for the offeror. What should you do? [Identify the complementary roles and responsibilities of the Contracting Officer and the Program Manager in their partnership during source selection.] [Remediation Accessed :N] Convey your questions to the contracting officer to send to the offeror Convey your questions to the program manager to send to the offeror Send your questions to the offeror in an e-mail Telephone the offeror and ask your questions 10) For a cost to be considered allocable to a contract, it must be a cost that is incurred specifically for a contract, or a cost that is beneficial to both the contract and other work, or _________________. [Identify the five bases for cost allowability.] A cost that is necessary for the overall operation of the business but not directly related to a contract Any cost incurred by a contractor doing business with the Government Any cost that is exempt from compliance with Government and industry accounting standards Any indirect cost that is not part of the manufacturing overhead cost pool 11) Using percentages or ratios based upon unforeseen differentials in prices, Forward Pricing Rates Agreements (FPRAs) protect the contractors by allowing an extra amount above and beyond the estimated quoted prices. Which of the following is NOT an example of an FPRA rate? [Recognize the purpose and application of forward pricing rates to Government contracts.] [Remediation Accessed :N] Rates for corporate outings Rates for indirect materials Rates for material obsolescence and usage Rates for spare parts provisioning 12) 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 _________________. [Identify how to prepare for and conduct a fact-finding activity.] [Remediation Accessed :N] Fact finding Negotiatin g Solicitin g Bargainin g 13) Becoming thoroughly familiar with the solicitation and proposal(s), tabbing them for easy access, documenting questions, and submitting the questions to the contractor in advance are part of ____________________. [Identify how to prepare for and support a negotiation.] Negotiation preparation Request for proposal development Analysis of alternatives Supportability analysis 14) In Government contracting, one criterion for cost allowability is that the contractor's costs must comply with Generally Accepted Accounting Principles (GAAP) and _________________. [Recognize the importance of contractor finance principles to the defense acquisition process.] Government Cost Accounting Standards (CAS) Lean Manufacturing Principles ISO 9001 Principles Cost as an Independent Variable (CAIV) Principles 1) The Navy gets some negative past performance information from the Marine Corps about a defense contractor who was late in delivering items on a contract last year. This contractor's proposal was one of five received in response to the Navy's Request for Proposal. The Contracting Officer plans on holding discussions with each of the offerors in the competitive range, once that range is established next week. What form of information exchange would the Navy use to find out more about the contractor's late deliveries? [Differentiate among the various types of interaction between the Government and contractors, e.g., discussions, clarifications, deficiencies, communications, and exchanges.] Communicatio ns Clarification s Negotiation s Solicitation s 2) Engineering expenses attributable solely to a contract are an example of _________. [Differentiate generally between direct cost and indirect cost.] [Remediation Accessed :N] Direct labor costs Indirect labor costs General and administrative (G&A) costs Soft money costs 3) For a contract cost to be considered "allowable," it must be consistent with Government Cost Accounting Standards, Generally Accepted Accounting Principles, the terms of the contract, and the Federal Acquisition Regulation (FAR). It must also be reasonable and: [Identify how indirect costs are allocated to a contract.] Allocable to the contract (in whole or in part) or to the overall cost of operating the business Fair and equitable to all parties, including all involved subcontractors Reflected in the liabilities listed in the corporate balance sheet Factored into the profitability ratios reported by the firm 4) 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 5) 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 Manager Lead Systems Engineer 6) Forward Pricing Rates Agreements provide negotiated rates that represent reasonable projections for such things as _______________________. [Recognize the purpose and application of forward pricing rates to Government contracts.] Rates for labor and labor hours Rates for training the contractor workforce Rates for exact costs and prices Rates provided for subcontractors working on different efforts 7) During source selection, evaluators reviewing the proposals and compiling their questions for individual offerors is commonly referred to as _________________. [Identify how to prepare for and conduct a fact-finding activity.] Fact finding Negotiatin g Solicitin g Bargainin g 1) Overhead and general and administrative (G&A) costs are examples of: [Differentiate generally between direct cost and indirect cost.] Indirect costs Direct costs Cost objectives Soft money costs [Show More]

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