Clc 056 Study guides, Class notes & Summaries
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CLC 056|99 Questions with 100% Correct Answers | Updated & Verified|43 Pages
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Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. 
 
It is important to evaluate the separate cost elements and proposed profit/fee to determine how the proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. - ️️Contracting Officers are required to purchase supplies and services from responsible sources at fa...
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CLC 056 Exam questions and answers 2023
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CLC 056 Exam questions and answers 2023
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2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam QUESTIONS AND ANSWERS GRADED A
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2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam 
QUESTIONS AND ANSWERS GRADED A
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CLC 056 Exam Study Guide | 100 Questions with 100% Correct Answers | Verified | Latest Update 2024 | 38 Pages
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Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an 
offeror's certified cost or pricing data or data other than certified cost or pricing data. 
It is important to evaluate the separate cost elements and proposed profit/fee to determine how the 
proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. - 
Contracting Officers are required to purchase supplies and services from responsible sources at fair 
a...
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CLC 056 Analyzing Contract Costs Exam Questions With Verified Answers Latest Updated 2024 (GRADED)
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CLC 056 Analyzing Contract Costs Exam Questions With Verified Answers Latest Updated 2024 (GRADED) 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 if an exception to the Truth-in-Negotiations Act applies 
Which of the following situations are considered exempt from the submission of certified 
cost or pr...
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CLC 056 Analyzing Contract Costs Study Guide
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CLC 056 Analyzing Contract Costs Study Guide
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CLC 056 Analyzing Contract Costs Study Guide (100% Errorless Answers) 2024.
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According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? correct answers Comparison of proposed prices received in response to the solicitation * 
 
How may you request an audit? correct answers All of these are correct 
 
A "questioned cost" is one that has not yet been evaluated. correct answers False * 
 
True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * 
 
For which of the following procu...
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CLC 056 Analyzing Contract Costs Study Guide (100% Errorless Answers) 2024.
- Exam (elaborations) • 17 pages • 2023
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According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? correct answers Comparison of proposed prices received in response to the solicitation * 
 
How may you request an audit? correct answers All of these are correct 
 
A "questioned cost" is one that has not yet been evaluated. correct answers False * 
 
True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * 
 
For which of the following procu...
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2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam QUESTIONS AND ANSWERS GRADED A
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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...
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CLC 056 Analyzing Contract Costs Study Guide with Complete Solutions(SCORED A)
- Exam (elaborations) • 18 pages • 2023
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According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? - ANSWER-Comparison of proposed prices received in response to the solicitation * 
 
How may you request an audit? - ANSWER-All of these are correct 
 
A "questioned cost" is one that has not yet been evaluated. - ANSWER-False * 
 
True or False: "Direct labor positions" share the same titles and pay levels. - ANSWER-False * 
 
For which of the following procurements would you require ce...
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