Defense Acquisition University BFM 130: Modules 1-8 Exams (all in 1 pdf) | Already solved latest 2026.

Defense Acquisition University BFM 130: Modules 1-8 Exams (all in 1 pdf) | Already solved latest 2026. Contains 12 Questions Cost Analysis Exam (Attempt=1/3) 1) The term that consists of Development Cost plus Procurement Cost plus the cost of facilities is: Weapon System Cost Life Cycle Cost Program Acquisition Cost Flyaway Cost 2) Which one of the following statements concerning an Analysis of Alternatives is TRUE? The AoA must be updated at all milestones including Milestone B and Full Rate Production Decision The Defense Acquisition Executive designates the activity who will prepare the AoA for all ACAT ID, ACAT IC, ACAT II, and ACAT III programs An AoA is required for both ACAT I and ACAT IA programs The AoA is always prepared by the Program Manager and not by the User Community 3) Which one of the following demonstrates the use of the CAIV philosophy? Increasing the value of a system parameter so that it reaches its objective level, even though it increases operating and support costs Modifying a design to enhance system performance while making the system more expensive to build and maintain Increasing the development cost of a system to reduce operating and support costs by a much larger amount Delaying the program schedule to allow the development of technology that will allow the program to reach the objective level of communications security 4) The following information pertains to the estimated number of labor hours required to produce certain units of the WARTHOG system. What is the learning curve percentage assumed by this data and how many labor hours will be required to produce the 160th unit?mig_ Unit Number Hours Required 10 2,000 10020 1,900 100 40 1,805 95 80 1,715 (90 160 1 ? 10% and 1,625 95% and 1,629 90% and 1,625 5% and 1,629 5) A life cycle cost estimate that is broken down by appropriation categories will: Include a category called RDT&E Follow a product-oriented family tree structure Include a category called Work Breakdown Structure (WBS) Include a category called Product Improvement 6) Which one of the following parties is LEAST likely to review the Economic Analysis for an ACAT IAM program? Under Secretary of Defense for Policy (USD(P)) Overarching IPT Defense Acquisition Board (DAB) Information Technology Acquisition Board 7) Activity Based Costing can be used for which of the following purposes? To set prices All of the answers are correct To identify product cost drivers To identify opportunities for process improvement 8) What cost estimating technique would be most appropriate for the following situation? Engineering and Manufacturing Development ( The estimate for a major system component is due several months from now. So you have some time to develop the cost estimate. Thiscomponent constitutes roughly 25 percent of the total system cost, so the estimate needs to be very accurate and objective. The engineering design effort has completed the detailed design drawings and the contractor has a detailed Work Breakdown Structure (WBS). Analogy Parametric Actual Costs Engineering 9) The life cycle cost of the BLUEBIRD system is $600 million. The program acquisition cost is $400 million and the development cost is $150 million. There are no facilities costs. What is the procurement cost of the BLUEBIRD system? $200 million $250 million $150 million $100 million 10) Budget authority is provided by an: Expenditure Obligation Authorization Appropriation 11) Which of the following statements about an ACAT ID program’s Life Cycle Cost Estimate (LCCE) is FALSE? The LCCE should be based upon information contained in the Cost Analysis Requirements Description (CARD) A program’s budget requests should be based on its LCCE The LCCE must be updated at milestones A, B, C, Development Request for Proposals (RPF) Release Decision (Dev RPF Rel), and the Full Rate Production Decision Review points An Economic Analysis is a required portion of the LCCE 12) The method estimates costs from the bottom up using a detailed work breakdown structure (WBS).Parametric Analogy Actual Cost Engineering ) Which one of the following demonstrates the use of the CAIV philosophy? Reducing the range of a Radar system from 500 nautical miles to 425 nautical miles to reduce overall program cost. Increasing the weight of the system such that it increases overall program cost. Modifying a design to enhance system performance while making the system more expensive to build and maintain Delaying the program schedule to allow the maturation of technology 2) The document that lays out the specifications and assumptions to be used in preparing all estimates of a program's cost is known as the: Life Cycle Cost Estimate Independent Cost Estimate Cost Analysis Requirements Description (CARD) Economic Analysis (EA) 3) Which of the following costs are included in the Total Ownership Cost (TOC)? Research and Development Operating and Support Disposal Investment All of these are correct 4) Which of the following statements concerning Activity Based Costing (ABC) is TRUE? ABC always allocates indirect and overhead costs equally across all products ABC provides more accurate information about the real cost of a good or service than traditional cost accountingABC is mainly used in the Development phase of an acquisition program DoD organizations always use ABC to establish their profit margins for goods and services 5) allows certain programs or activities to be carried out by the federal government. Commitment Obligation Authorization Appropriation 6) What is the learning curve represented by the data in the following unit learning curve table? Unit Number Production Time 1 100 hours 2 90 hours 3 84 hours 4 81 hours 95% 85% 90% 80%Contains 9 Questions (Attempt=1/3) Developing the Program Budget Module Exam 1) The program manager of an Air Force in-production aircraft acquisition program proposes a product improvement program to expand the range, altitude and payload of the aircraft beyond the currently established performance baseline (performance envelope). According to DoD budget guidance, the proper appropriation in which to budget the design of this improvement is: mig_ Research, Development, Test & Evaluation, Air Force Aircraft Procurement, Air Force Other Procurement, Air Force Operations & Maintenance, Air Force 2) Which one of the following categories of appropriations should be used to fund the purchase of an item to be used in the Developmental Testing of a system? mig_ Operations & Maintenance Military Construction Research, Development, Test & Evaluation Military Personnel 3) Time now is April 2014. You have been asked to determine the amount that should be included in the Air Force's FY 2016 budget request for a missile production contract planned for award in that fiscal year. You have obtained the following information: • The cost estimate for the FY 2016 contract is $100 million (constant FY 2014 dollars). • The contractor estimates that the cost of the specific materiel in your system will increase by 10% between FY 2014 and FY 2016 due to inflation. • The escalation table for the Air Force Missile Procurement appropriation, Base Year FY 2014 shows that the FY 2016 raw (or compound) index is 1.0899 and the FY 2016 weighted (or composite) index is 1.1995 The amount you should include in your budget for this production contract is: mig_ $110.00 million $119.95 million $100.00 million $108.99 million4) What funding policy applies to Procurement appropriations? mig_ Annual Funding Policy Full Funding Policy Incremental Funding Policy Escalation Funding Policy 5) Your program plans to acquire a total of 600 end items costing $535 million over a five-year period (five Lots). The first production contract is to be awarded in FY14. The number of items to be procured (not delivered) each year and their estimated cost (in then-year dollars) is shown below: Lot FY Lot Size Total Lot Cost 1 FY14 50 $50 million 2 FY15 100 $95 million 3 FY16 150 $135 million 4 FY17 150 $130 million 5 FY18 150 $125 million Assuming there is no advance procurement and that this is NOT a multiyear contract, what is the correct amount to include in your budget request for FY14 and FY15 for this contract? $535 million for FY14 and $ 0 million for FY15 $145 million for FY14 and $ 0 million for FY15 $ 50 million for FY14 and $ 95 million for FY15 $ 50 million for FY14 and $485 million for FY15 6) Which one of the following statements concerning working capital fund (WCF) operations is TRUE? mig_ Customers establish WCF stabilized rates based on how much they can afford to pay Customers pay for goods and services they receive from WCF business units using appropriations they receive from Congress WCF business units always attempt to earn profits that are returned to the Treasury to reduce the national debt An acquisition program must contribute a portion of its funding each year to finance the corpus of the DoD Working Capital Funds 7) The phrase which best describes the Full Funding Policy is: mig_Budget for total costs expected to be incurred during the 12 month period after contract award Budget for total costs of a specific number of usable end items to be delivered in a 12 month period Budget for costs expected to be outlaid in a given fiscal year Budget for costs expected to be incurred in a given fiscal year 8) A budget request that includes funding for certain long-lead components of an end item in a year prior to the contract award for the end item is most likely making use of this type of funding policy exception: mig_ Advance procurement Multiyear procurement Services contract crossing fiscal years Working Capital Funds 9) Your program has a research and development project scheduled to start in January 2014 which is expected to take 40 months to complete. The project is expected to cost a total of $150 million (then-year dollars), with cost expected to be incurred as follows: FY Cost to be incurred FY14 $20 million FY15 $48 million FY16 $50 million FY17 $32 million What is the correct amount to include in your budget request for FY14 and FY15 for this project? $ 48M for FY14 and $ 50M for FY15 $ 20M for FY14 and $ 48M for FY15 $ 20M for FY14 and $130M for FY15 $150M for FY14 and $ 0M for FY15 Developing the Program Budget Module Exam • 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 notvisited and 'Y' represents visited links. Back to Status page contains 9 Questions 1) Which one of the following statements concerning working capital fund (WCF) operations is TRUE? [Describe the concept of revolving funds and the impact of revolving fund activities on acquisition program budgets.] Customers pay for goods and services they receive from WCF business units using appropriations they receive from Congress Customers establish WCF stabilized rates based on how much they can afford to pay An acquisition program must contribute a portion of its funding each year to finance the corpus of the DoD Working Capital Funds WCF business units always attempt to earn profits that are returned to the Treasury to reduce the national debt 2) The phrase which best describes the Full Funding Policy is: [Describe the three major funding policies used in the defense acquisition financial management community (annual, incremental and full).] [Remediation Accessed :N] Budget for total costs of a specific number of usable end items to be delivered in a 12 month period Budget for costs expected to be incurred in a given fiscal year Budget for costs expected to be outlaid in a given fiscal year Budget for total costs expected to be incurred during the 12 month period after contract award 3) What funding policy applies to Procurement appropriations? [Identify the funding policy (annual, incremental, or full) that applies to each of the five major appropriation categories of interest to the defense acquisition community (RDT&E, Procurement, O&M, MILCON, and MILPERS).] Full Funding Policy Escalation Funding Policy Annual Funding Policy Incremental Funding Policy4) Your program plans to acquire a total of 600 end items costing $535 million over a fiveyear period (five Lots). The first production contract is to be awarded in FY14. The number of items to be procured (not delivered) each year and their estimated cost (in thenyear dollars) is shown below: Lot FY Lot Size Total Lot Cost 1 FY14 50 $50 million 2 FY15 100 $95 million 3 FY16 150 $135 million 4 FY17 150 $130 million 5 FY18 150 $125 million Assuming there is no advance procurement and that this is NOT a multiyear contract, what is the correct amount to include in your budget request for FY14 and FY15 for this contract? [Identify the most appropriate time-phased cost estimate and budget request for Procurement funds for a given program description.] [Remediation Accessed :N] $ 50 million for FY14 and $ 95 million for FY15 $145 million for FY14 and $ 0 million for FY15 $ 50 million for FY14 and $485 million for FY15 $535 million for FY14 and $ 0 million for FY15 5) Your program has a research and development project scheduled to start in January 2014 which is expected to take 40 months to complete. The project is expected to cost a total of $150 million (then-year dollars), with cost expected to be incurred as follows: FY Cost to be incurred FY14 $20 million FY15 $48 million FY16 $50 million FY17 $32 million What is the correct amount to include in your budget request for FY14 and FY15 for this project? [Identify the most appropriate time-phased cost estimate and budget request for RDT&E funds for a given program description.] [Remediation Accessed :N] $ 20M for FY14 and $ 48M for FY15 $ 20M for FY14 and $130M for FY15 $ 48M for FY14 and $ 50M for FY15$150M for FY14 and $ 0M for FY15 6) The program manager of an Air Force in-production aircraft acquisition program proposes a product improvement program to expand the range, altitude and payload of the aircraft beyond the currently established performance baseline (performance envelope). According to DoD budget guidance, the proper appropriation in which to budget the design of this improvement is: [Identify the proper appropriation used to fund each of the three phases (development, production, and installation) of a product improvement effort.] Research, Development, Test & Evaluation, Air Force Operations & Maintenance, Air Force Aircraft Procurement, Air Force Other Procurement, Air Force 7) Which one of the following categories of appropriations should be used to fund the purchase of an item to be used in the Developmental Testing of a system? [Identify the purpose(s) for which each of the major appropriation categories of interest to the defense acquisition community (RDT&E, Procurement, O&M, MILCON, and MILPERS) may be used.] Research, Development, Test & Evaluation Operations & Maintenance Military Personnel Military Construction 8) A budget request that includes funding for certain long-lead components of an end item in a year prior to the contract award for the end item is most likely making use of this type of funding policy exception: [Recognize situations where exceptions to the funding policies are appropriate for the major appropriation categories of RDT&E, Procurement and O&M.] Advance procurement Working Capital Funds Multiyear procurement Services contract crossing fiscal years9) Time now is April 2014. You have been asked to determine the amount that should be included in the Air Force's FY 2016 budget request for a missile production contract planned for award in that fiscal year. You have obtained the following information: • The cost estimate for the FY 2016 contract is $100 million (constant FY 2014 dollars). • The contractor estimates that the cost of the specific materiel in your system will increase by 10% between FY 2014 and FY 2016 due to inflation. • The escalation table for the Air Force Missile Procurement appropriation, Base Year FY 2014 shows that the FY 2016 raw (or compound) index is 1.0899 and the FY 2016 weighted (or composite) index is 1.1995 The amount you should include in your budget for this production contract is: [Relate constant (base year) dollars and then year dollars to each other and to the preparation of program cost and budget estimates.] [Remediation Accessed :N] $119.95 million $110.00 million $108.99 million $100.00 million Contains 4 Questions (Attempt=2/3) Developing the Program Budget Module Exam 1) You should use the index to convert a constant dollar cost estimate into dollars for a budget estimate submission. mig_ weighted; constant raw; then-year weighted; then-year raw; constant 2) Your program has a test and evaluation project funded with RDT&E appropriations scheduled to start in June 2017 which is expected to take 20 months to complete. The project is expected to cost a total of $30 million (then-year dollars), with cost expected to be incurred as follows: FY Cost to be incurredFY17 $1 million FY18 $18 million FY19 $11 million What is the correct amount to include in your budget request for FY17 and FY18 for this project? $ 19 million for FY17 and $ 11 million for FY18 $ 30 million for FY17 and $ 0 million for FY18 $ 1 million for FY17 and $ 18 million for FY18 $ 1 million for FY17 and $ 29 million for FY18 3) Your program plans to acquire a total of 600 end items costing $570 million over a five-year period. The first production contract is to be awarded in FY14. The number of items to be procured (not delivered) each year and their estimated cost (in then-year dollars) is shown below: Lot FY Lot Size Total Lot Cost 1 FY14 50 $70 million 2 FY15 100 $110 million 3 FY16 150 $135 million 4 FY17 150 $130 million 5 FY18 150 $125 million The program office estimates that 10% of each lot's total cost must be requested as advance procurement for components one year in advance for each lot to protect the production schedule. This use of advance procurement has been approved in the program's acquisition strategy. What is the correct amount to include in your budget request for FY14 for this program? item item $70 million for the system line item and $11 million for the advance procurement line $70 million for the system line item and $0 million for the advance procurement line item $63 million for the system line item and $11 million for the advance procurement line $63 million for the system line item and $7 million for the advance procurement line item 4) The TERRIFIC tank program's FY 2015 procurement budget request contains sufficient funds to cover the costs that its contractor expects to incur in FY 2015 during work on the production of 15 tanks. However, these 15 tanks cannot be completed without additional funding in FY 2016. This budget request:Does not violate the full funding policy because it includes funds for all costs expected to be incurred in FY 2015 Violates the full funding policy because it does not include the full cost of the 15 items it will be contracting for in FY 2015 Violates the incremental funding policy because it does not include funds for Research and Development of the tank Violates the full funding policy because the first tank on this contract cannot be delivered during FY 2015 Developing the Program Budget Module Exam • 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. Back to Status page contains 3 Questions 1) DoD funding policy states that the RDT&E appropriation budget request for a fiscal year should be restricted to the budget authority necessary to cover all: [Describe the three major funding policies used in the defense acquisition financial management community (annual, incremental and full).] costs expected to be incurred during that fiscal year commitments expected to be made during that fiscal year expenditures expected to be made during that fiscal year outlays expected to be made during that fiscal year 2) Your acquisition program expects to award a vehicle production contract in April 2015. The first item from this contract is expected to be delivered in January 2016 and the contractor can deliver exactly 3 items per month and the government has funding in the FYDP to buy 108 vehicles. The estimated unit cost for each vehicle is $1 million (thenyear dollars). No advance procurement will be used for this contract. According to the Full Funding policy, what amount should be budgeted in the FY15 vehicle production contract? [Identify the most appropriate time-phased cost estimate and budget request for Procurement funds for a given program description.] $36 million$12 million $1 million $3 million 3) Your program is planning to award a contract in January 2015 to purchase 100 missiles at an estimated total cost of $100 million (constant FY 2012 dollars). Currently, for Base Year 2012 in the Missile Procurement Appropriation, the FY 2015 raw index is 1.06 and the FY 2015 weighted index is 1.12. What is the proper amount you should request in the budget for this contract in FY 2015? [Relate constant (base year) dollars and then year dollars to each other and to the preparation of program cost and budget estimates.] [Remediation Accessed :N] $112 million $89.3 million $100 million $106 million XContains 7 Questions (Attempt=1/3) Types of Contracts and Budgeting Impacts Module Exam 1) Which of the following characteristics is FALSE about a Fixed Price Incentive contract? Ceiling price representing the maximum to be paid by the government Target price consisting of target cost and target profit Negotiated price that may be changed based on economic conditions identified in the contract Share ratio specifying government/contractor shares of cost overruns and underruns 2) Which of the following statements pertaining to termination liability is true? Termination liability may be either managed or funded Program budget requests should never include funding for termination liability of contracts The Limitation of Cost clause is a tool that tells a program manager when to terminate a contract Program budget requests should include funding to cover all of the termination liability of every contract 3) Your program office has just completed analysis of the latest Contract Performance Report on its Cost Plus Incentive Fee contract with Lincoln Manufacturing. The original target price of the contract was $435 million. After combining a newly derived EAC with appropriately adjusted incentive fees, the following information is available: "Best Case" Price = $443 million "Most Likely" Price = $460 million "Worst Case" Price = $471 million Which one of the following represents the best estimate of the funding requirements for the Lincoln Manufacturing contract? $443 million $435 million $471 million $460 million 4) Which one of the following best describes DoD philosophy of budgeting for a Fixed Price Incentive, Firm Target contract? mig_ mig_ mig_ This study source was downloaded by from CourseH on :19:31 GMT -06:00 Budget for the estimated negotiated price and the maximum amount of the price adjustment clause Budget for the ceiling price Budget for the estimated negotiated price 5) Which one of the following contracts most likely would NOT require contract performance reporting by a Contract Performance Report (CPR)? Cost Plus Fixed Fee RDT&E contract valued at $75 million (then year dollars) Cost Plus Award Fee RDT&E contract valued at $82 million (then year dollars) Fixed-Price Incentive Fee Procurement contract valued at $450 million (then year dollars) Firm-Fixed Price Procurement contract valued at $310 million (then year dollars) 6) Which one of the following best describes DoD philosophy of budgeting for a Cost Plus Fixed Fee contract? Budget for the estimated cost plus the base fee plus the entire earnable award fee Budget for the target cost plus the incentive fee Budget for the estimated cost plus the fixed fee to be paid regardless of contractor performance Budget for the estimated cost plus the award fee only 7) Which one of the following is a characteristic of a Cost Plus Award Fee contract? Share ratio specifying government/contractor shares of cost overruns and underruns Award fee that may be earned based on contractor`s performance relative to criteria established in the contract Target price represents the maximum amount to be paid by the government Target price consisting of target cost and target fee Types of Contracts and Budgeting Impacts Module Exam  Here is your test result.The dots represent the choices you have made.  The highlighted questions are the questions you have missed. mig_ mig_ mig_ mig_ This study source was downloaded by from CourseH on :19:31 GMT -06:00 visited and 'Y' represents visited links. Back to Status page contains 7 Questions 1) Which one of the following best describes DoD philosophy of budgeting for a Cost Plus Fixed Fee contract? [Identify the budgeting policy for each of these types of costreimbursable contracts: cost plus fixed fee, cost plus award fee, and cost plus incentive fee.] [Remediation Accessed :N] Budget for the estimated cost plus the fixed fee to be paid regardless of contractor performance Budget for the estimated cost plus the base fee plus the entire earnable award fee Budget for the target cost plus the incentive fee Budget for the estimated cost plus the award fee only 2) Which one of the following best describes DoD philosophy of budgeting for a Fixed Price Incentive, Firm Target contract? [Identify the budgeting policy for each of these types of fixed-priced contracts: firm fixed-price, fixed-price - economic price adjustment, and fixed-price incentive fee (firm target).] [Remediation Accessed :N] Budget for the target price Budget for the estimated negotiated price Budget for the estimated negotiated price and the maximum amount of the price adjustment clause Budget for the ceiling price 3) Which one of the following is a characteristic of a Cost Plus Award Fee contract? [Identify the characteristics of each of these types of cost-reimbursable contracts: cost plus fixed fee, cost plus award fee, and cost plus incentive fee.] Award fee that may be earned based on contractor`s performance relative to criteria established in the contract Target price represents the maximum amount to be paid by the government Target price consisting of target cost and target fee Share ratio specifying government/contractor shares of cost overruns and underruns This study source was downloaded by from CourseH on :19:31 GMT -06:00 [Identify the characteristics of each of these types of fixed-price contracts: firm fixedprice, fixed-price - economic price adjustment, and fixed-price incentive fee (firm target).] Negotiated price that may be changed based on economic conditions identified in the contract Share ratio specifying government/contractor shares of cost overruns and underruns Target price consisting of target cost and target profit Ceiling price representing the maximum to be paid by the government 5) Which one of the following contracts most likely would NOT require contract performance reporting by a Contract Performance Report (CPR)? [Identify the purpose of Earned Value Management (EVM) and its application to various types of contracts.] Firm-Fixed Price Procurement contract valued at $310 million (then year dollars) Cost Plus Fixed Fee RDT&E contract valued at $75 million (then year dollars) Fixed-Price Incentive Fee Procurement contract valued at $450 million (then year dollars) Cost Plus Award Fee RDT&E contract valued at $82 million (then year dollars) 6) Your program office has just completed analysis of the latest Contract Performance Report on its Cost Plus Incentive Fee contract with Lincoln Manufacturing. The original target price of the contract was $435 million. After combining a newly derived EAC with appropriately adjusted incentive fees, the following information is available: "Best Case" Price = $443 million "Most Likely" Price = $460 million "Worst Case" Price = $471 million Which one of the following represents the best estimate of the funding requirements for the Lincoln Manufacturing contract? [Describe how Earned Value data can be used to estimate the budget requirements of a contract.] $460 million $443 million This study source was downloaded by from CourseH on :19:31 GMT -06:00 $471 million 7) Which of the following statements pertaining to termination liability is true? [Describe the concepts of termination liability and cancellation ceiling and the budgeting policies that apply to each.] [Remediation Accessed :N] The Limitation of Cost clause is a tool that tells a program manager when to terminate a contract Program budget requests should include funding to cover all of the termination liability of every contract Program budget requests should never include funding for termination liability of contracts Termination liability may be either managed or funded Contains 3 Questions (Attempt=2/3) Types of Contracts and Budgeting Impacts Module Exam 1) Which one of the following best describes termination liability on a contract? Amount that the contractor owes the government when the contract is terminated for default Amount that the government owes a contractor when the contract is terminated for convenience Maximum amount to be paid by the government to the contractor when a multiyear contract is cancelled Minimum amount to be paid by the government to the contractor when a multiyear contract is cancelled mig_ This study source was downloaded by from CourseH on :19:31 GMT -06:00 Incentive Fee contract? Budget for the target cost plus the target fee Budget for the estimated cost plus the base fee plus the entire earnable award fee Budget for the estimated cost plus the fixed fee to be paid regardless of contractor performance Budget for the ceiling estimated cost plus the base fee only 3) Which one of the following best describes DoD philosophy of budgeting for a Firm Fixed Price contract? Budget for the estimated negotiated price Budget for the estimated negotiated price and the maximum amount of the price adjustment clause Budget for the target price Budget for the ceiling price Types of Contracts and Budgeting Impacts Module Exam  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. Back to Status page contains 3 Questions 1) Which one of the following best describes DoD philosophy of budgeting for a Cost Plus Incentive Fee contract? [Identify the budgeting policy for each of these types of cost-reimbursable contracts: cost plus fixed fee, cost plus award fee, and cost plus incentive fee.] Budget for the target cost plus the target fee Budget for the estimated cost plus the fixed fee to be paid regardless of contractor performance Budget for the estimated cost plus the base fee plus the entire earnable award fee Budget for the ceiling estimated cost plus the base fee only mig_ mig_ This study source was downloaded by from CourseH on :19:31 GMT -06:00 Fixed Price contract? [Identify the budgeting policy for each of these types of fixedpriced contracts: firm fixed-price, fixed-price - economic price adjustment, and fixedprice incentive fee (firm target).] Budget for the estimated negotiated price Budget for the estimated negotiated price and the maximum amount of the price adjustment clause Budget for the target price Budget for the ceiling price 3) Which one of the following best describes termination liability on a contract? [Describe the concepts of termination liability and cancellation ceiling and the budgeting policies that apply to each.] Amount that the government owes a contractor when the contract is terminated for convenience Amount that the contractor owes the government when the contract is terminated for default Maximum amount to be paid by the government to the contractor when a multiyear contract is cancelled Minimum amount to be paid by the government to the contractor when a multiyear contract is cancelled This study source was downloaded by from CourseH on :19:31 GMT -06:00 Powered by TCPDF ()Contains 10 Questions (Attempt=1/3) PPBE Module Exam 1) Which one of the following best describes the primary purpose of the Budgeting phase of the PPBE process? Describe DoD strategy and requirements to counteract national security threats To decide which Major Milestones are going to be approved this cycle Develop affordable resource packages identifying force levels, personnel and funding required to execute DoD's strategy Ensure that requests for resources are efficient and defensible before Congress 2) Which ONE of the following is a primary input to the Programming Phase of the PPBE process? Major Budget Issues President’s Budget Program Budget Decisions Defense Planning Guidance 3) Which one of the following is NOT considered a principal player in the Budgeting Phase of the PPBE process: Under Secretary of Defense (Comptroller) Office of Management and Budget Analyst Senior Leadership Review Group Secretary of Defense 4) Which ONE of the following can be found in a Program Element Number? Amount of Budget Authority included in the Program Element Appropriation category in which the Program Element is funded Year in which the Program Element was established Major Force Program to which the Program Element belongs 5) Which ONE of the following is a characteristic of an effective reclama? mig_ mig_ mig_ mig_ mig_ This study source was downloaded by from CourseH on :20:30 GMT -06:00 Provides general, non-specific impacts of the proposed action Uses emotional or hyperbolic statements Inconsistency with other program documents such as the Acquisition Program Baseline 6) Which one of the following does NOT represent interaction between the Planning, Programming, Budgeting and Execution Process and the Defense Acquisition System? Determining the affordability of an acquisition program Program restructuring of scope and/or schedule to accommodate budget cuts Annual updating of acquisition program financial requirements Program changing objective and threshold values for system parameters that do not impact budget requirements 7) Which one of the following best reflects the total time frame of the contents of the FULL Future Years Defense Program (FYDP)? One budget year and six out-years None of these are correct Two years immediately preceding the first budget year Three years of force level information following the fourth out-year 8) All of the following are reasons that an acquisition program may lose funding during the PPBE process, EXCEPT for: Duplicating capabilities of another program High technological risk DoD balancing of priorities Providing detailed justification for requested funding 9) Which one of the following is NOT considered a principal player in the Planning Phase of the PPBE process? Office of Management and Budget Chairman, Joint Chiefs of Staff Director of Cost Assessment and Program Evaluation mig_ mig_ mig_ mig_ This study source was downloaded by from CourseH on :20:30 GMT -06:00 10) Which one of the following is NOT one of the major issue areas of concern to budget analysts? Compliance with funding policies Phasing Pricing Program objectives and thresholds Budget executability 1) All of the following are reasons that an acquisition program may lose funding during the PPBE process, EXCEPT for: Funding profile absorbs excessively large share of Component’s top line Clear articulation of system needs and capabilities Failure to comply with funding policies Providing vague justification for requested funding mig_ mig_ This study source was downloaded by from CourseH on :20:30 GMT -06:00 Powered by TCPDF ()Contains 11 Questions (Attempt=1/3) Budget Exhibits Module Exam 1) Which one of the following statements is FALSE concerning the P-1 budget exhibit? All other Procurement budget exhibits for a particular line item should reconcile to the P-1 It is prepared at the Component level Budget requirements are usually stated in millions of dollars It provides a detailed listing of all items that will be purchased with advance procurement funds 3) Which of the following statements is TRUE concerning the P-5a budget exhibit? It provides a tabular display of major program milestones It provides a listing of all items that will be purchased with advance procurement funds It supports the P-3a budget exhibit It covers all prior years having contracts with undelivered assets, the current year, and the budget year(s) 4) Which of the following statements is true concerning the R-4 budget exhibit? It provides a schematic display of major program milestones It includes a brief explanation of a project’s acquisition strategy if the project is part of a program element in RDT&E budget activity 4, 5, or 7 It identifies funding requirements for 1 or 2 budget years It contains information on related non-RDT&E funding for acquisition programs 5) Which of the following budget exhibits does the P-5 budget exhibit support? P-40 P-3a P-40a P-10 6) All of the following are responsibilities of the OSD Comptroller Staff with regard to budget exhibits, EXCEPT: mig_ mig_ mig_ mig_ This study source was downloaded by from CourseH on :21:20 GMT -06:00 Preparing the programs budget exhibits that go to Congress in support of the President`s Budget submission Reviewing exhibits submitted by Components for completeness, consistency, and adequacy of budget request justifications Looking across all DoD programs to identify duplication and inefficiencies 7) Which one of the following best describes the purpose of the P-40a budget exhibit? Provide detailed information regarding monthly production of ACAT I program items Provide budget justification only for a particular Procurement-funded weapon system modification program Provide detailed cost analysis for each R-1 line item (excluding Advance Procurement, modification programs, and aggregated line items) Provide narrative justification and total procurement costs for each individual end item in an "items Less Than $5 million" aggregated P-1 line item 8) All of the following information is displayed in the R-2 budget exhibit EXCEPT: Funding requirements for the budget year Funding requirements for 4 out-years following the last budget year Detailed cost information for RDT&E projects grouped into 4 categories: Product Development, Support Costs, Test and Evaluation, and Management Services Summary of program changes since the last budget request 9) Which one of the following best describes the conditions under which a P-3a budget exhibit is required to be submitted? When it covers a weapon system modification program whose costs exceed $5 million in any year covered by the budget request When the advance procurement funding is $5 million or more in any of the budget years covered by the budget request When any funding is requested under a particular Procurement appropriation When the program element funding is $1 million or more in any budget year covered by the budget request mig_ mig_ mig_ This study source was downloaded by from CourseH on :21:20 GMT -06:00 exhibit is required to be submitted? When the program element funding is $1 million or more in any budget year covered by the budget request When an ACAT I program plans to award production contracts during the budget years(s) or has end items under contract that will not be delivered before the start of the first budget year When a procurement line item is an aggregation of different end items requiring funding of less than $5 million apiece When advance procurement funding is requested for a program that does not require specific authorization by Congress 11) Which one of the following best describes the purpose of the R-1 budget exhibit? Provide detailed cost information for each project under a program element in RDT&E budget activities 4, 5, or 7 Summarize the funding requirements for a particular RDT&E appropriation account Provide a schematic display of major program milestones Provide budget justification for a particular RDT&E program element 1) Which of the following information is displayed in the P-1 budget exhibit? [Identify the purpose, content and conditions requiring submission of the P-1 budget exhibit.] Line Item Numbers Narrative justification for each line item`s budget request Funding requirements for 1 or 2 budget years plus the four years after to the last budget year Information on related non-Procurement funding for acquisition programs mig_ mig_ This study source was downloaded by from CourseH on :21:20 GMT -06:00 Powered by TCPDF ()Contains 8 Questions (Attempt=1/3) Congressional Enactment Module Exam 1) Which one of the following would be permitted under a Continuing Resolution? Increasing the procurement quantity of a weapon system above the number authorized by Congress Obligating a program’s entire amount of annual funding during the period of the continuing resolution Initiating a new start Spending at prior year’s rate of operations 2) Which ONE of the following Department of Defense organizations primarily handles Congressional issues pertaining to the AUTHORIZATION process? Assistant Secretary of the Army (Financial Management and Comptroller) Assistant Secretary of Defense for Policy Undersecretary of Defense (Comptroller) Assistant Secretary of Defense for Legislative Affairs 3) An ACAT I program which is just starting its Production and Deployment acquisition phase. Which one of the following reports is the program LEAST likely to be required to submit? Unit Cost Report Congressional Acquisition Executive Summary Selected Acquisition Report Defense Acquisition Executive Summary 4) Which one of the following is most likely to be involved in the process that results in the Defense Appropriations Act? Senate Appropriations Committee House Armed Services Committee Senate Budget Committee Congressional Budget Office 5) The authorization phase of the congressional budget enactment process: mig_ mig_ mig_ mig_ mig_ This study source was downloaded by from CourseH on :21:49 GMT -06:00 Was established by the Congressional Budget and Impoundment Control Act of 1974 Involves the Armed Services Committees of the House and the Senate Is required by the Constitution 6) Which of the following statements concerning new starts is FALSE? DoD may initiate a new start while operating under a Continuing Resolution DoD must obtain written approval from Congress before spending any funds on a new start costing more than $10 million in RDT&E or $20 million in procurement. DoD may spend funds on a safety modification new start costing less than $10 million before a letter notification is sent to Congress. DoD must wait a minimum of 30 days after sending letter notification to Congress before spending funds on new starts that do not meet the criteria for prior approval and that are not safety modifications. 7) Which one of the following each year establishes spending ceilings for the twenty major government functions? National Defense Authorization Act Concurrent Resolution President's Budget Defense Appropriations Act 8) The President’s Budget requested $457 million for DoD’s Blackstone Program. The House Armed Services Committee has decided to grant the Blackstone Program $450 million, while the Senate Armed Services Committee is still considering what action to take. At this point, DoD should appeal to the: House Appropriations Committee for $457 million Authorization Conference for $457 million Senate Armed Services Committee for $457 million House Armed Services Committee for $457 million 1) Which ONE of the following primarily handles Congressional issues pertaining to APPROPRIATIONS issues? mig_ mig_ This study source was downloaded by from CourseH on :21:49 GMT -06:00 Undersecretary of Defense Comptroller) Army Legislative Liaison Office Undersecretary of Defense (Acquisition, Technology, and Logistics) 2) Which ONE of the following statements concerning the National Defense Authorization Act is true? It provides program approval It is a resolution, not a law It establishes spending ceilings for the fourteen major government functions It provides budget authority for all Program Element numbers 3) The President’s Budget requested $137 million for DoD’s Infrared Program. The House Armed Services Committee has decided to grant the Infrared Program $125 million, while the Senate Armed Services Committee has decided to grant the Infrared Program $135 million. The Authorization Conference has agreed to grant the Infrared Program $127 million. DoD should now appeal to: The Authorization Conference for $137 million The Senate Appropriations Committee for $135 million The House Appropriations Committee for $137 million No one, since the appeal process is over 4) Which one of the following situations would require a Continuing Resolution? One or more appropriations acts have not been passed by the beginning of a new fiscal year A Concurrent Resolution has not been passed by May 15th The National Defense Authorization Act has not been passed by the beginning of a new fiscal year An appropriations act provides less budget authority than was requested in the President's Budget 5) Which one of the following is most likely to be found in the report accompanying the Defense Appropriations Act? mig_ mig_ mig_ mig_ This study source was downloaded by from CourseH on :21:49 GMT -06:00 Procurement quantity ceilings for major weapon systems Amount appropriated for a specific O&M budget activity Amount of revenue authorized for the coming fiscal year This study source was downloaded by from CourseH on :21:49 GMT -06:00 Powered by TCPDF ()Contains 3 Questions (Attempt=1/3) Acquisition Strategy and Contract Execution Module Exam 1) Which one of the following best describes the relationship between the Statement of Work and the Statement of Objectives when both are used for the same contractual effort? There is no relationship between the Statement of Work and the Statement of Objectives The Statement of Objectives will be based on the Statement of Work The Statement of Work will describe a specific approach to accomplishing the goals described in the Statement of Objectives The Statement of Work will be part of the contract solicitation, while the Statement of Objectives will be prepared after contract award 2) Your contractor is required to submit a Contract Funds Status Report (CFSR). In what section of the uniform contract is the CFSR requirement likely to be referenced? Section B Section G Section A Section L 3) Which one of the following is an aspect of a program`s acquisition strategy that would be of most interest to the business financial manager? Exit criteria Contract approach Integrated digital environment Engineering Drawings 1) Which one of the following can be found in Section B of the uniform contract format? Brief description of each contract deliverable Statement of Objectives Specification of where work will be performed Statement of Work mig_ mig_ mig_ mig_