CON 3990 Exam Study Guide Solved 100%

Allowable Cost: Reasonable? - Answer Yes Allowable Cost: Realistic? - Answer No Allowable Cost: Any limitations set forth in FAR subpart 31.2? - Answer Yes Allowable Cost: IAW the terms of the contract? - Answer Yes Allowable Cost: IAW Common Law? - Answer No Allowable Cost: Allocable? - Answer Yes Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? - Answer Yes Allowable Cost: Any Limitations set forth in FAR subpart 15.1? - Answer No Modification Type: Exercising an Option - Answer Unilateral Modification Type: Administrative Change - Answer Unilateral Modification Type: An Agreement definitizing a letter contract - Answer Bilateral Modification Type: Modifying terms and conditions - Answer Bilateral Modification Type: Negotiated equitable adjustment - Answer Bilateral