Dependent and independent variables are called

Assignment Help Operation Management

Reference no: EM132250876

Regarding Federal Government Contracting:

1. Price analysis does not have to be done on:

A. Contracts under $600,000

B. Micropurchases

C. Simplified acquisition

D. Competitive proposals

E. None of the above

2. Estimating formulas that have both dependent and independent variables are called:

A. Estametric formulas

B. Parametric formulas

C. Price index formulas

D. Price curve formulas

E. None of the above

3. In using independent estimates, which of the following factors may have a significant effect but also be the hardest to determine?

A. Timing of estimate

B. Quantities used for the estimate

C. Estimating optimism

D. Source of the estimate

E. None of the above

4. Price or cost objectives for negotiation should always be selected based:

A. On lack of necessary facilities

B. Solely on lack of relevant performance history

C. On compliance with delivery schedule

D. On financial resources

E. On business ethics

5. Failure to describe adequately _____ in the RFP could result in the submission of proposals that vary in responsiveness from totally unresponsive to the partially responsive.

A. The scope of work to be done

B. The critical evaluation criteria

C. The areas to be heavil weighed

D. All of the above

Reference no: EM132250876

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