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Exam (elaborations)

CON 3990 Exam Study Guide QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 2025/2026 (VERIFIED ANSWERS) |ALREADY GRADED A+

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CON 3990 Exam Study Guide QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES 2025/2026 (VERIFIED ANSWERS) |ALREADY GRADED A+

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CON 3990
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Institution
CON 3990
Course
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Uploaded on
February 14, 2025
Number of pages
6
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

  • con 3990
  • allowable cost reasonable yes allowable cost
  • allowable cost iaw cost accounting standards iaw

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CON 3990 Exam Study Guide

Allowable Cost: Reasonable?
Yes


Allowable Cost: Realistic?
No


Allowable Cost: Any limitations set forth in FAR subpart 31.2?
Yes


Allowable Cost: IAW the terms of the contract?
Yes


Allowable Cost: IAW Common Law?
No


Allowable Cost: Allocable?
Yes


Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting
Standards?
Yes


Allowable Cost: Any Limitations set forth in FAR subpart 15.1?
No


Modification Type: Exercising an Option
Unilateral


Modification Type: Administrative Change
Unilateral


Modification Type: An Agreement definitizing a letter contract

, Bilateral


Modification Type: Modifying terms and conditions
Bilateral


Modification Type: Negotiated equitable adjustment
Bilateral


Modification Type: Issue a change order
Unilateral


Contract type: Cost-Plus-Percentage of Cost
Shall not be used


Contract type: FP-EPA
Commercial Item & Sealed Bidding


Contract type: FFP
Commercial Item & Sealed Bidding


Contract type: Cost-Plus-Incentive-Fee
Incentive Contracts


Contract type: Cost-Plus-Award-Fee
Incentive Contracts


Contract type: Fixed Price Incentive Firm
Incentive Contracts


Cost or Pricing Data: Factual, not judgmental?
Yes


Cost or Pricing Data: Opinions?
No


Cost or Pricing Data: Subjective?
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