CON 3990 Exam Study Guide Latest
2023/24
Allowable Cost: Reasonable?
Correct Answer:
Yes
Allowable Cost: Realistic?
Correct Answer:
No
Allowable Cost: Any limitations set forth in FAR subpart 31.2?
Correct Answer:
Yes
Allowable Cost: IAW the terms of the contract?
Correct Answer:
Yes
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Allowable Cost: IAW Common Law?
Correct Answer:
No
Allowable Cost: Allocable?
Correct Answer:
Yes
Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted
Accounting Standards?
Correct Answer:
Yes
Allowable Cost: Any Limitations set forth in FAR subpart 15.1?
Correct Answer:
No
Modification Type: Exercising an Option
Correct Answer:
Unilateral
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