CLC 056 ANALYZING CONTRACT COSTS
UPDATED EXAM 2025 COMPLETE
CHOICE QUESTION BANK WITH
VERIFIED ANSWERS,DETAILED
EXPLANATIONS ALREADY GRADED A+
AND 100% PASS GUARANTEE (BRAND
NEW!!!!!!)
Which of the following situations are considered exempt from
the submission of Certified Cost or Pricing Data? - THE CORRECT
ANSWER-- Prices are set by law or regulation.
What is the "base" that used in the calculation of the
performance risk, contract type risk, and cost efficiency factor
when using the weighted guidelines to determine a profit/fee
objective? - THE CORRECT ANSWER-- Total Costs
A Disclosure Statement is required when Contractor receives a
CAS covered contract, or a subcontract valued at $60 million in
a cost accounting period. - THE CORRECT ANSWER-- True
Which variable is also considered the independent variable? -
THE CORRECT ANSWER-- X
The mean, median and mode are typically the same when a
sample exhibits significant dispersion. - THE CORRECT ANSWER--
False
, How may you request an audit? - THE CORRECT ANSWER-- By e-mail,
By telephone call, By mail
When a contract is subject to CAS, the Contracting Officer may
not award a contract until a written adequacy determination
has been made by the cognizant Federal agency official. - THE
CORRECT ANSWER-- True
True or False: Simple linear regression is most appropriate
when there is more than one independent variable. - THE CORRECT
ANSWER-- False
What is the negotiation term that reflects each party
emphasizing the long term effects and benefits as well as both
parties defining their interests to be achieved in conjunction
with the outcome? - THE CORRECT ANSWER-- Win-Win
A cost is allowable if it is: - THE CORRECT ANSWER-- Reasonable,
allocable, and compliant with CAS/GAAP
True or False: A contractor estimates labor rates using weighted
averages. As a contacting officer, you are NOT required to
consider any labor-management agreement when developing
you labor rate objective. - THE CORRECT ANSWER-- False
True or False: "Direct labor positions" share the same titles and
pay levels. - THE CORRECT ANSWER-- False
UPDATED EXAM 2025 COMPLETE
CHOICE QUESTION BANK WITH
VERIFIED ANSWERS,DETAILED
EXPLANATIONS ALREADY GRADED A+
AND 100% PASS GUARANTEE (BRAND
NEW!!!!!!)
Which of the following situations are considered exempt from
the submission of Certified Cost or Pricing Data? - THE CORRECT
ANSWER-- Prices are set by law or regulation.
What is the "base" that used in the calculation of the
performance risk, contract type risk, and cost efficiency factor
when using the weighted guidelines to determine a profit/fee
objective? - THE CORRECT ANSWER-- Total Costs
A Disclosure Statement is required when Contractor receives a
CAS covered contract, or a subcontract valued at $60 million in
a cost accounting period. - THE CORRECT ANSWER-- True
Which variable is also considered the independent variable? -
THE CORRECT ANSWER-- X
The mean, median and mode are typically the same when a
sample exhibits significant dispersion. - THE CORRECT ANSWER--
False
, How may you request an audit? - THE CORRECT ANSWER-- By e-mail,
By telephone call, By mail
When a contract is subject to CAS, the Contracting Officer may
not award a contract until a written adequacy determination
has been made by the cognizant Federal agency official. - THE
CORRECT ANSWER-- True
True or False: Simple linear regression is most appropriate
when there is more than one independent variable. - THE CORRECT
ANSWER-- False
What is the negotiation term that reflects each party
emphasizing the long term effects and benefits as well as both
parties defining their interests to be achieved in conjunction
with the outcome? - THE CORRECT ANSWER-- Win-Win
A cost is allowable if it is: - THE CORRECT ANSWER-- Reasonable,
allocable, and compliant with CAS/GAAP
True or False: A contractor estimates labor rates using weighted
averages. As a contacting officer, you are NOT required to
consider any labor-management agreement when developing
you labor rate objective. - THE CORRECT ANSWER-- False
True or False: "Direct labor positions" share the same titles and
pay levels. - THE CORRECT ANSWER-- False
