CLC 056 Exam (CLC056)

Identify strategies to mitigate cost risk Which of the following is the best strategy to mitigate cost risk? • Conduct adequate market research prior to entering negotiations Differentiate between the measures of central tendency and the methods for measuring dispersion When given a set of data that appears to contain outliers, which measure of central tendency is most appropriate to use? • Median Determine if an exception to the Truth-in-Negotiations Act applies Which of the foll...

1) Which of the following types of costs might be found both as direct costs and indirect costs, depending on the circumstance? [Recognize concerns that affect the other direct costs proposed] Travel Direct Material G&A Overhead Utilities 2) Which of these statements below is correct regarding the criteria for classifying a special test equipment cost as an "other direct cost”? [Determine if the other direct costs are properly proposed] Engineered, designed, fabricated, or modified ...

CLC 056 exam Analyzing Contract Costs Exam 100% CORRECTLY ANSWERED Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work Th...