CLC 057 FINAL EXAM STUDY QUESTIONS & ANSWERS.
Which of the following has proven to be of significant advantage in creating a Win-Win agreement to both the Government and contractor? - CORRECT ANSWER potential for increased cash flow (contractor) and decreased price (government)
Which of the...
CLC 057 FINAL EXAM STUDY QUESTIONS & ANSWERS.
Which of the following has proven to be of significant advantage in creating a Win-Win agreement to both the Government and contractor? - CORRECT ANSWER potential for increased cash flow (contractor) and decreased price (government)
Which of the following is NOT true about total performance based payments? - CORRECT ANSWER ***NOT*** THEY REFLECT A COST TO THE GOVT IN TERMS OF INTEREST PAID...
The Contracting officer shall not approve a PBP until an event or criterion established in the contract has
been completed. - CORRECT ANSWER True
Contract financing payments include all of the following, EXCEPT - CORRECT ANSWER payments for partial deliveries
The successful completion of a severable event: - CORRECT ANSWER is independent of the accomplishment of any other event
Which of the following are activities that are associated with Key Step 1, Identify PBP Events? Select all that apply. - CORRECT ANSWER ***NOT*** "identify key activities and determine program"
An expenditure profile: (select all that apply) - CORRECT ANSWER ***NOT*** ALL FOUR OF THEM
Completion criteria must: - CORRECT ANSWER evidence successful completion of the PBP event
The basic premise of the Time Value of Money (TVM) is: - CORRECT ANSWER Money available in the present time is worth more than the same amount in the future due to its potential earning capacity
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