Acq 101 test 1 Study guides, Class notes & Summaries

ACQ 101 Module 14 Performance Based Logistics Latest 2023 Rated A+ In transactional arrangement, a commercial provider incentivized to reduce workload and equipment failure false, in a transaction based arrangement, a commercial provider is incentivized to increase workload in order to increase revenue NOT reduce workload and equipment failure. the opposite is true in PBL arrangements, whereby the provider is incentivized to reduce the number of repairs and the cost of labor used in the repair ...

ACQ 101 Module 7 Financial Management Questions and Answers 100% Pass What is budget authority? The authority to enter into obligations that will results in immediate or future outlays. Similar to a spending limit that is approved by Congress. What is a commitment? An administrative reservation of funds, usually by the comptroller, in anticipation of a future obligation. What is an obligation? The legal reserve of funds to make a future payment of money. What is an expenditure? Is a charge ag...