Clc 056 final exam - Study guides, Class notes & Summaries

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...

CLC 056 Analyzing Contract Costs Exam 100% 1. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data?  Prices are set by law or regulation  Sole source acquisition of $3.5M FFP effort; price determined using cost analysis  Price may be determined fair and reasonable based on price analysis proposal techniques  Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of modif...

CLC 056 Analyzing Contract Costs Exam 100% 1. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data?  Prices are set by law or regulation  Sole source acquisition of $3.5M FFP effort; price determined using cost analysis  Price may be determined fair and reasonable based on price analysis proposal techniques  Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of modif...

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitute...

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitute...

CLC 056 Analyzing Contract Costs Exam 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 ...

CLC 056 Analyzing Contract Costs Exam 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 ...

CLC 056 Analyzing Contract Costs Exam (98% grade) 54/55 answered correct. 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 i...

CLC 056 Exam questions and answers_ CLC 056 Analyzing Contract Costs Exam (2021) 55 questions all correctAnalyzing Contract Costs Exam (contains 55 questions)  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. 1.) Which of the following must be true to properly classify ...