ACQ 202 Module 3 Exam, Part 1 Questions And Answers/Score A+

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Module 3 Exam, Part I (contains 30 questions) Clarifications Negotiations Solicitations Communications Communication Discussion Clarification Negotiation Lead Systems Engi neer Contracting Officer Dep... uty Program Manager Program Manager Fact finding Soliciting Bargaining Negotiating True False Return on assets Open systems architecture Return on investment Profit margin requirements. Component C has the highest initial cost; however, due to its superior reliability, it is projected to lead to lower life cycle costs than Components A and B in the long run, and this will help meet the program’s affordability goals. This is adequate justification for the team to select Component C. balancing of Affordability and Should Cost and technical activities.] True False True False Option 1 is better than Option 2 because its total weighted score is lower. Option 1 and Option 2 each score a total of 1.4; therefore, either choice is fine. Option 1 is better than Option 2 because its total weighted score is higher. Option 2 is better than Option 1 because its total weighted score is higher. Income Statement Balance Sheet Statement of Retained Earnings Statement of Cash Flows General and administrative (G&A) costs Direct labor costs Soft money costs Indirect labor costs Reasonable Allocable Consistent with Cost Accounting Standards Consistent with the terms of the contract Open systems Software-embedded systems Automated Information Systems Non-developmental items Helping IPT members to understand the interrelationship of components without physically changing the system. Quickly providing physical solutions to meet functional capabilities. Eliminating technical risk before production begins. Providing designs that will consistently exceed functional capabilities. Test and Evaluation Systems Engineering Technical Performance Measurement Configuration Management Supportability Maintainability Producibility Reliability Work Breakdown Structure (WBS) Trade Study Modeling and Simulation Technical Performance Measurement (TPM) 18.) One of the primary purposes of Technical Performance Measures is to: Serve as a record for configuration management. Track the effects of changes to the CDD. Serve as a tool to mitigate risk. Test the feasibility of the Work Breakdown Structure. Failure Modes and Effects Criticality Analysis (FMECA) Reliability Centered Maintenance (RCM) Level of Repair Analysis (LORA) Preventive Maintenance Support the company’s vision Have as few top managers as possible Use only the matrix organizational structure Focus on only one area 21.) An effective organizational structure can create a competitive advantage by: Concentrating resources solely on customer support Facilitating stability and resistance to change Focusing on only one company segment Facilitating responsiveness to change Trade Studies Commercial products Modeling and Simulation Configuration Management Reliability, maintainability and supportability Viability, deniability and versatility Transportability, survivability and affordability Vulnerability, interoperability and simplicity Divisional/functional Larger/smaller Smaller/larger Divisional/matrix The cost must exceed what a prudent business person would incur The cost must be reasonable The cost need not be in compliance with industry accounting standards The cost must be exempt from compliance with the Federal Acquisition Regulations Mean Time Between Failures (MTBF) Mean Logistics Delay Time (MLDT) Mean Time To Repair (MTTR) Mean Time Between Critical Failures (MTBCF) Mean Down Time (MDT) Test, Analyze, Fix, and Test (TAFT) Failure Modes and Effects Criticality Analysis (FMECA) Reliability Centered Maintenance (RCM) Rates provided for subcontractors working on different efforts Rates for labor and labor hours Rates for exact costs and prices Rates for training the contractor workforce Appropriate technical performance measures for a program Solutions to any unplanned technical issues that may arise Whether or not the system meets its ’build to’ specifications The needed capabilities to reduce the program’s technical risk Analysis of alternatives Negotiation preparation Request for proposal development Supportability analysis Module 3 Exam, Part I (contains 1 question) • 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. True False Module 3 Exam, Part I Back to Status page contains 31 Questions 1) As part of the life cycle product support and system engineering processes, is used to influence design and determine the most cost effective way to support the system. [Relate design, operational, and supportability characteristics to system readiness objectives.] Product Support Analyses Earned Value Management Technical Performance Measures Parametric Cost Estimating 2) The Air Force is procuring maintenance services, and the Contracting Officer decides that no discussions are required to select the best contractor. However, the contractor's proposal has a typographical error showing period of performance beginning 1 June rather than 1 July. What type of information exchange would be used to resolve this discrepancy? [15b. Differentiate among the various types of interaction between the Government and contractors, e.g., discussions, clarifications, deficiencies, communications, and exchanges.] Clarificatio ns Communicatio ns Negotiatio ns Solicitatio ns 3) Negotiations cannot take place until after the Source Selection Authority has awarded the contract. [16a. Identify the role and responsibility of the participants in fact finding and negotiations.] Fals e True 4) During source selection, you are evaluating a proposal and you have some questions for the offeror. What should you do? [Identify the complementary roles and responsibilities of the Contracting Officer and the Program Manager in their partnership during source selection.] Convey your questions to the contracting officer to send to the offeror Convey your questions to the program manager to send to the offeror Send your questions to the offeror in an e-mail Telephone the offeror and ask your questions 5) During source selection, evaluators reviewing the proposals and compiling their questions for individual offerors is commonly referred to as . [Identify how to prepare for and conduct a fact-finding activity.] Fact finding Negotiatin g Solicitin g Bargainin g 6) In Government contracting, one criterion for cost allowability is that the contractor’s costs must comply with Generally Accepted Accounting Principles (GAAP) and . [Recognize the importance of contractor finance principles to the defense acquisition process.] Government Cost Accounting Standards (CAS) Lean Manufacturing Principles ISO 9001 Principles Cost as an Independent Variable (CAIV) Principles 7) In accordance with DoD acquisition policy and guidance, every program should consider, at a minimum, open systems architecture, human systems integration, . [Identify the key policy provisions that relate to how life cycle product systems engineering is performed in the Department of Defense.] Reliability, availability, and maintainability Profit margin Return on investment Return on assets 8) When applying the systems engineering process to determine the optimal design solution, the impact on both immediate costs and life cycle costs needs to be considered, with the greatest weight placed on immediate costs. [Apply the systems engineering process to determine a design solution to meet an operational need that demonstrates the balancing of Affordability objectives and technical activities.] True Fals e 9) When making tradeoffs among competing features, what can be used to quantifiably compare alternatives by selecting, weighting, and applying criteria? [Apply a tradeoff study process to evaluate alternatives.] Decision matrix Least squares regression analysis Delphi technique Parametric modeling 10) In our decision matrix, Option 1 receives a “3” for speed and a “1” for cost, and Option 2 receives a “2” for speed and a “2” for cost. The speed criterion has been assigned a weight of 0.2 and the cost criterion has been assigned a weight of 0.6. In accordance with the decision matrix approach, which of the following statements is true? [Apply a selective quantitative tool (e.g., decision matrix) to support a decision.] Option 2 is better than Option 1 because its total weighted score is higher. Option 1 is better than Option 2 because its total weighted score is higher. Option 1 is better than Option 2 because its total weighted score is lower. Option 1 and Option 2 each score a total of 1.4; therefore, either choice is fine. 11) The presents the total revenues and expenses of a company for a given period. [18c. Identify how the balance sheet and income statement portray the operating characteristics and health of a business.] Income Statement Balance Sheet Statement of Cash Flows Statement of Retained Earnings 12) Any cost necessary to the overall operation of the business is called . [19a. Differentiate generally between direct cost and indirect cost.] General and administrative (G&A) cost Overhead cost Direct materials cost Direct labor cost 13) [Show More]

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