ACQ 202 Module 3 Exam: Part I Designing - Prototyping the System Rated A

ACQ 202 Module 3 Exam: Part I Designing - Prototyping the System 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 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? Negotiations The ________ shows the financial condition of the firm at a point in time expressed as assets and liabilities. Balance Sheet Which is an attribute of an effective organizational structure? Focuses on key products, programs, markets, and customers. Negotiations cannot take place until after the Source Selection Authority has awarded the contract. False 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? Rates of corporate outings Engineering expenses attributable solely to a contract are an example of _____. Direct labor costs Which of the following is something you should NOT do during negotiations? Reach agreements on how to perform tasks. During source selection, evaluators reviewing the proposals and compiling their questions for individual offerors is commonly referred to as _____. Fact finding 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: Which is more likely to decentralize staff functions, dedicating them to each business or product organization? Larger companies To implement a company's business strategy, an effective organizational structure will: Support the company's vision The costs included in a contract must be evaluated to determine whether they are allowable. During this process, the Government and the contractor can agree that a certain costs will be considered unallowable. True During source selection, you are evaluating a proposal and you have some questions for the offeror. What should you do? Convey your questions to the contracting officer to send to the offeror