Which is indicator of lack of adequate price competition

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Reference no: EM132250012

1. Which is an indicator of lack of adequate price competition?

A. Two or more sources

B. Sources priced independently

C. An offeror has a determinate advantage

D. Qualified sources could not bid

E. (C) and (D) above

2. Pricing, sales and cost information that may need to be submitted but not certified is called:

A. Cost or pricing data

B. Price comparison data

C. Other than cost or pricing data

D. Cost realism data

E. Supporting data

3. 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

4. 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

5. 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

6. 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

Reference no: EM132250012

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