Exam (elaborations)
CLC 003
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- Institution
Exam of 4 pages for the course ACO CORB at ACO CORB (CLC 003)
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CLC 003Which one of the following statements is TRUE? - ANS-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? - ANS-15
Cost analysis is: - ANS-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: - ANS-Tactical market research
Which TWO choices are correct regarding contract financing? (select two) - ANS-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 - ANS-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? - ANS-X- For non-commercial items,
contracting officers must allow at least a 10-day response time for receipt of bids or
proposals
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