CLC 003 Final Exam Questions Correctly Answered.

CLC 003 Final Exam Questions Correctly Answered. Which one of the following statements is TRUE? - CORRECT ANSWER The most important factor when selecting a contract type is the business size of the contractor Proposed contract actions must be publicized (synopsized) at the Government Point of Entry (such as FedBizOpps) at least how many days prior to issuance of the actual contract solicitation document? - CORRECT ANSWER 15 Cost analysis is: - CORRECT ANSWER the evaluation of the separate cost elements and profit in an offeror's proposal You and your team are asked to conduct market research on a specific upcoming requirement for computers. You will be conducting: - CORRECT ANSWER Tactical market research Which TWO choices are correct regarding contract financing? (select two) - CORRECT ANSWER For commercial items, contract financing is typically the contractor's responsibility For non-commercial items, the FAR permits progress payment be made to contractors Which one of these statements is TRUE - CORRECT ANSWER X: When using a fixed-price economic price adjustment contract, the limits on price decreases must be twice the limits on price increases Fixed-Price contracts place more risk on the contractor than do cost-reimbursement contracts X: The most important factor when selecting a contract type is the business size of the contractor Fixed-Price contracts place approximately equal risk on the contractor as do cost-reimbursement contracts