Exam 8&9 - Exam Mods 8 and 9 Here is your test result.The dots represent the choices you have made The highlighted questions are the questions you

Exam 8&9 - Exam Mods 8 and 9 Here is your test result.The...

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Exam - Mods 8 and 9 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 pagecontains 14 Questions1) One of the key characteristics that differentiates the various types of incentive contracts is whether or not objective targets can be established for performance. Which incentive type contract is most appropriate when objective targets for performance can be established? [Contrast the key characteristics of the various types of incentive contracts.]Cost-plus-incentive-feeCost-plus-award-feeFixed-price award feeFirm-fixed price2) When examining the effectiveness of award and incentive fees in Department of Defense (DoD) contracts, the Government Accountability Office (GAO) found that the power of monetary incentives to motivate excellent contractor performance and improve acquisition outcomes is diluted by the way DoD structures and implements incentives. [Recognize concerns that affect the use of incentive contracts.]FalseTrue 3) What is an undefinitized contract action? [Identify the key characteristics of an undefinitized contract action (UCA).] Any action for which the terms, specifications, or prices are not agreed upon
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before performance has begun.A contract that is indefinite because it includes a cost, performance, and or delivery/schedule incentive.An indefinite contract that includes a ceiling price along with a profit sharing formula to motivate cost control.A contract that is indefinite because it includes a fee adjustment formula to determine the final fee the contractor will be paid at contract completion.4) The Army Tank-Automotive and Armaments Command (TACOM) Life Cycle Management Command has an urgent need to acquire periscope head assemblies for the Bradley Fighting Vehicle System. Due to this urgent need, there is insufficient time to use normal contracting vehicles to acquire these head assemblies. What option is available to the contracting officer for making sure this need is met in a timely manner?
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  • Spring '16
  • N/A
  • Government, Cost-plus contract, Government Property, undefinitized contract action

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