Module 3 Exam, Part I (contains 30 questions) 2026/2027 (33pages)

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. 1.) The Army receives proposals from eight different companies in response to a Request for Proposal (RFP). The Contracting Officer has identified the most highly rated proposals, determined the competitive range, and wants to get the offerers’ best and final proposals. What type of information exchange would the Contracting Officer use to get the information needed to allow the offerers to revise their proposals? Clarifications Negotiations Solicitations Communications 2.) What form of information exchange would a Contracting Officer use to reach agreement with an offeror over the terms of a contract? Communication Discussion Clarification Negotiation 3.) During source selection, a contractor calls you with a question about the Request for Proposal (RFP). To whom should you refer this inquiry? Lead Systems Engineer Contracting Officer Deputy Program Manager Program Manager 4.) The portion of the source selection process where the Government seeks to gain a complete understanding of the proposal and identify specific areas of concern is referred to as _________________. Fact finding Soliciting Bargaining Negotiating 5.) In Government contracting, one criterion for cost allowability is that the contractor’s costs must comply with Generally Accepted Accounting Principles (GAAP) and Government Cost Accounting Standards (CAS). True False 6.) In accordance with DoD acquisition policy and guidance, every program should consider, at a minimum, _____________________, human systems integration, reliability, availability, and maintainability. Return on assets Open systems architecture Return on investment Profit margin 7.) In the process of conducting design considerations, a program’s systems engineers are deciding from among Components A, B, and C. All three components meet performance [Apply the systems engineering process to determine a design solution to meet an operational need that demonstrates the [Remediation Accessed: Y] requirements. Component C has the highest initial cost; however, due to its superior reliability, it is projected to lead to lower life cycle costs than Components A and B in the long run, and this will help meet the program’s affordability goals. This is adequate justification for the team to select Component C. balancing of Affordability and Should Cost and technical activities.] True False 8.) A decision matrix is a useful tool when applying the tradeoff study process to analyze alternatives. True False 9.) In our decision matrix, Option 1 receives a ’3’ for speed and a ’1’ for cost, and Option 2 receives a ’2’ for speed and a ’2’ for cost. The speed criterion has been assigned a weight of 0.2 and the cost criterion has been assigned a weight of 0.6. In accordance with the decision matrix approach, which of the following statements is true? Option 1 is better than Option 2 because its total weighted score is lower. Option 1 and Option 2 each score a total of 1.4; therefore, either choice is fine. Option 1 is better than Option 2 because its total weighted score is higher. Option 2 is better than Option 1 because its total weighted score is higher. 10.) The _________ presents the total revenues and expenses of a company for a given period. Income Statement Balance Sheet