100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
2024 CCRP Exam Prep| 30 PAGES(300 QUESTIONS)| WITH COMPLETE SOLUTIONS $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. 2024 CCRP
  4.  
  5. 2024 CCRP

Exam (elaborations)

2024 CCRP Exam Prep| 30 PAGES(300 QUESTIONS)| WITH COMPLETE SOLUTIONS

2 reviews
 7 views  0 purchase
  • Course
  • 2024 CCRP
  • Institution
  • 2024 CCRP

Who was tried in the Nuremburg Military Tribunals and why? Correct Answer: Doctors who committed war crimes against humanity including medical experiments on concentration camp inmates and other human subjects without consent What was the outcome of the Nuremburg Military Tribunals? Correct Answ...

[Show more]

Preview 2 out of 8  pages

Document information

  • March 25, 2024
  • 8
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 2024 ccrp exam prep 30 pages300 questions with
  • 2024 ccrp exam prep 30 pages300 questions
  • 2024 ccrp exam prep 30 pages

Written for

  • 2024 CCRP
  • 2024 CCRP

2  reviews

review-writer-avatar

By: sharpmindz • 1 month ago

review-writer-avatar

By: sharpmindz • 6 months ago

Seller

avatar-seller
karimikelvin92

Reviews received

Content preview

2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam
QUESTIONS AND ANSWERS GRADED A

1. Identify the circumstances when cost analysis should be performed by answering the following question:
“Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the
following procurements?
a. All of these are correct
b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been
required to furnish certified cost or pricing data.
c. The modification of any sealed bid or negotiated contract
d. The award of any negotiated contract (except for undefinitized actions such as letter contracts.
2. What is the best method for determining an improvement curve slope?
a. Using the median percentage from similar products
b. Using established slopes from the Cost Estimator’s Reference Manual
c. Using actual historical data
d. Using averages derived from recent procurements
3. Each Price Negotiation Memorandum must contain which one of the following? a.
Statement that the price is fair and reasonable
b. Signature of the Contract Specialist
c. Signature of the Legal Counsel
d. Statement that the FAR was consistently followed.
4. Which sampling technique is used to focus on high-value items?
a. Random
b. Stratified
c. Cluster
d. Nonprobability
5. Which of the following type of costs would most likely be categorized as both direct costs and indirect costs,
depending on the circumstance?
a. G&A Overhead
b. Utilities
c. Direct Material
d. Travel Expense
6. Using a direct comparison with the cost of a similar contract effort is an acceptable summary estimating
technique.
a. True
b. False
7. Identify when cost analysis would be required.
a. For all proposals exceeding the micro purchase threshold
b. Whenever a price proposal is received
c. When certified cost or pricing data are required
d. To evaluate profit or fee
8. What two costs elements are required to calculate an indirect cost rate? a.
Expense pool and Allocation base
b. Overhead rate and Expense base
c. Allocation Pool and Expense base
d. Allocation base and Overhead rate
9. In reviewing the proposal for the robotic surveillance vehicle you asked for clarification on the travel cost listed as
an ODC. Which response would justify travel as an ODC?
a. The travel costs are for the project manager and the manufacturing supervisor to deliver the prototype to
the Government testing site for final demonstration testing.

, b. The travel costs are for several senior engineers to attend a conference on the latest development in
manufacturing.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller karimikelvin92. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (2)
Add to cart
Added