Bona fide needs rule - Study guides, Class notes & Summaries

Solution manual for Canadian Income Taxation 20222023 25th Edition by William Buckwold, Joan Kitunen, Matthew Roman CHAPTER 1 TAXATION― ITS ROLE IN BUSINESS DECISION MAKING Review Questions 1. If income tax is imposed after profits have been determined, why is taxation relevant to business decision making? 2. Most business decisions involve the evaluation of alternative courses of action. For example, a marketing manager may be responsible for choosing a strategy for establishing ...

CON 3990 Exam Questions and Answers Already Passed What is the Micro-purhcase threshold for supplies? $10k All incentive contracts (schedule or performance) must also include what? Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? Bona Fide Needs Rule What contract types can be used for commercial item purchases? FFP or FPEPA What is the Simplified Acquisition Threshold for commercial pr...

CON 3990 Exam Questions And Answers What is the Micro-purchase threshold for supplies? - ANS $10k All incentive contracts (schedule or performance) must also include what? - ANS Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - ANS Bona Fide Needs Rule What contract types can be used for commercial item purchases? - ANS FFP or FPEPA What is the Simplified Acquisition Threshold for ...

Contracting Exam Final Questions With 100% Correct Answers The 3-in-1 Tool automates the following form - answerSF 44 All contract requirements over the Simplified Acquisition Threshold (SAT) require - answerAn independent government estimate All purchase requests must meet two requirements - answerGood item description, certified funds Although LDs are commonly used on ____________ contracts, they can also be used on other contracts except ______________ contracts - answerFFP, Servic...

Contracting Exam Final Questions With 100% Correct Answers The 3-in-1 Tool automates the following form - answerSF 44 All contract requirements over the Simplified Acquisition Threshold (SAT) require - answerAn independent government estimate All purchase requests must meet two requirements - answerGood item description, certified funds Although LDs are commonly used on ____________ contracts, they can also be used on other contracts except ______________ contracts - answerFFP, Servic...

Contracting Officer Unlimited Warrant Board Exam Questions and Answers What is an option? - Answer-An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The us...

CON 3990 Exam (2024 Updates) || All Questions & Answers (Graded A+) CON 3990 Exam (2024 Updates) || All Questions & Answers (Graded A+) What is the Micro-purhcase threshold for supplies? - ANSWER - $10k All incentive contracts (schedule or performance) must also include what? - ANSWER - Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - ANSWER - Bona Fide Needs Rule What contract types can be ...

Proprietary/Financial Accounting tracks - Answer ️️ -assets What specific statutory authority allows an agency to incur obligations in anticipation or in advance of either receipts or an appropriation of liquidating cash with which to pay the obligation? - Answer ️️ -Contract Authority Personal Impairments result from what? - Answer ️️ -relationships or beliefs that might weaken or slant audit findings Measures and controls the use of the resources according to the purposes for...

Contracting Exam Final Questions With 100% Correct Answers The 3-in-1 Tool automates the following form - answerSF 44 All contract requirements over the Simplified Acquisition Threshold (SAT) require - answerAn independent government estimate All purchase requests must meet two requirements - answerGood item description, certified funds Although LDs are commonly used on ____________ contracts, they can also be used on other contracts except ______________ contracts - answerFFP, Servic...

Fiscal Law Exam 1 || Questions & Answers (100% Correct) Fiscal Law Exam 1 || Questions & Answers (100% Correct) "The established rule is that the expenditure of public funds is proper only when authorized by Congress," describes _____ - ANSWER - Affirmative Authority ______ has the ability to appropriate funds to be spent by the federal government. - ANSWER - Congress The three main elements that must be met before funds are obligated are - ANSWER - Purpose Time Amount To ap...