Two basic types of cost-plus-fixed-fee contracts

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Reference no: EM131176602

1: There are two basic types of cost-plus-fixed-fee contracts. ______ describes the scope of work to be done in general terms and which obligates the contractor to devote a specified level of effort for a stated period of time for the conduct of research and development activities. (a)Completion Form (b)TermForm \

2: The Government is normally required to purchase the initial supply of spare parts from the: (a)Original prime contractor (b)Manufacturer who actually fabricates the parts (c)Neither of the above

3: is an element to be considered in spare parts pricing but does not affect end item pricing. (a)Assembly labor (b)Start-up costs (c)Engineering documentation (d) Development engineering

4: Production costs of contract data are largely: (a)Labor costs (b)Material and processing costs (c)Neither of the above

5:When the contractor submits a termination inventory schedule, the most important factor which must be represented correctly is: (a)Quantity of items (b)Allocability (c)The acquisition cost of the items (d)An accurate description of the items.

Reference no: EM131176602

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