ACQ 202 Module 2 Exam, Part II 100%

Module 2 Exam, Part II Results of Module 2 Exam, Part II (Attempt 1 of 3) Correct=17/17 Cumulative= 100.0 Back to Status page contains 17 Questions 1) Incremental funding policy applies to the appropriation category and states that . Research, Development, Test, and Evaluation (RDT&E); DoD is to fund each fiscal year for the costs expected to be incurred that year. Procurement; DoD is to fund each fiscal year for procurement costs to be incurred that year. Procurement; DoD is to fund the total costs incurred to deliver a given quantity of useable end items. RDT&E; DoD is to fund the total costs incurred to develop and test a given quantity of useable end items. 2) Which of the following exceptions to the full funding policy would allow the Government to budget for buying three years' worth of engines under one contract in order to save money? Multiyear Procurement Advance Procurement Incremental Low Rate Initial Production (LRIP) 3) Financial managers use escalation to consider the effects of inflation on an acquisition program by applying: Compound and composite indices to program cost estimates Inflation factors to actual costs incurred by the contractor Incremental funding policy to Research, Development, Test, and Evaluation (RDT&E) appropriations requested in the Program Objectives Memorandum (POM) Full funding policy to defense procurement appropriations requested in the budget 4) The primary unit of data in the Future Years Defense Program (FYDP) and normally the smallest aggregation of resources controlled by the office of the Secretary of Defense (OSD) is the . Program Element Defense Appropriation Item .......................................continued........................................................