CLC 056 Exam Questions Consolidated.pdf - DAU Page 1 of 13 Exam Here is your test result.The dots represent the choices you have made The highlighted

CLC 056 Exam Questions Consolidated.pdf - DAU Page 1 of 13...

This preview shows page 1 - 3 out of 53 pages.

Exam 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 page contains 55 Questions 1) Which of the following is true about analyzing summary cost estimates? [Determine the fairness and reasonableness of summary level cost estimates] Using a direct comparison with the cost of a similar contract effort is an acceptable summary estimating technique As the dollars and percentage of total costs increase, the emphasis on obtaining a detailed estimate decreases The effects of price inflation are not considered in determining if direct comparisons were properly developed and applied If a summary level estimate is as good as a detailed analysis, it is still required to use a detailed analysis 2) Identify when cost analysis is required. [Identify the fundamentals of cost analysis] [Remediation Accessed :N] To evaluate the reasonableness of individual cost elements when certified cost or pricing data are required To evaluate each individual proposal cost element including FCCOM and profit or fee On all proposals exceeding the Simplified Acquisition Threshold Whenever a cost proposal is received 3) Identify the correct definition of “Cost Realism Analysis”. [ Distinguish between cost analysis, price analysis, and cost realism analysis] The process of independently reviewing and evaluating specific elements of cost, in part to determine whether they reflect a clear understanding of the requirement The review and evaluation of individual cost elements, excluding profit, in a proposal The process of examining and evaluating a proposal to ensure all elements of cost are in line with the Independent Government Estimate The review of a proposal to ensure the contractor has properly documented adherence to their Page 1 of 13 DAU 5/21/2013
Image of page 1