Paula Smith
ACQ 1010 MODULE 5 EXAM: FINANCIAL MANAGEMENT
Below Threshold Reprogramming for procurement is limited to the lesser of $20 million or 20%, into or out of a program. Thresholds vary by appropriations category.
Incorrect Answer: True
Approval for reprogramming must always involve Congress.
Incorrect Answer: True
Which major appropriations category below is NOT included in the Life Cycle Cost Estimate?
Answer: Investment
Select the term that best fits the following definition: “The legal reservation of funds to make a future payment of money.”
Answer: Obligation
Which of the following appropriations categories fund the Research and Development efforts performed by both contractors and government agencies?
Answer: Research, Development, Test and Evaluation
What cost estimating technique would be indicated for the following situation? The program is later in the EMD phase and is going to have a MS C Decision in about a year.The estimate is due several months to a year from now. The estimate needs to be very accurate and objective. Detailed labor and material estimates are available. The design effort has completed the Work Breakdown Structure definition and the sum of the costs determines the total system cost.
Incorrect Answer: Actual Costs
Select the term that best fits the following definition: “An administrative reservation of funds by the local comptroller, in anticipation of a future obligation.”
Answer: Commitment
Which of the following appropriations categories fund major projects such as bases, schools, and maintenance facilities?Answer: MILCON This study source was downloaded by 100000812546443 from CourseHero.com on 11-22-2022 04:59:30 GMT -06:00 https://www.coursehero.com/collection/82544074/ACQ-1010-Module-5-Exam-Financial-Managementdocx/
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