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Exam (elaborations)

CLC 003 Questions and Correct Answers | Latest Update

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  • Course
  • CLC
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  • CLC

Which one of the following statements is TRUE? ~:- 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...

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  • September 24, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • CLC
  • CLC
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Best Grades | Must Pass | Latest Update | Correct Answers | 2024/2025




CLC 003 Questions and Correct
Answers | Latest Update
Which one of the following statements is TRUE?


✓ ~:- 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?


✓ ~:- 15




Cost analysis is:


✓ ~:- 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:


✓ ~:- Tactical market research




Which TWO choices are correct regarding contract financing? (select two)




~ 1 ~ for inquiry mail me @ supergrades12@gmail.com

, Best Grades | Must Pass | Latest Update | Correct Answers | 2024/2025


✓ ~:- 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


✓ ~:- 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




Which one of the following statements is TRUE?




~ 1 ~ for inquiry mail me @ supergrades12@gmail.com

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