CON 3990 Exam Study Guide Questions with correct Answers 2025/2026( A+ GRADED 100% VERIFIED).

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




AD
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