Question

In: Finance

1) The Service Assistant Secretary (Financial Management and Comptroller): a)Reviews a program's life-cycle cost estimate or...

1) The Service Assistant Secretary (Financial Management and Comptroller):

a)Reviews a program's life-cycle cost estimate or Economic Analysis to identify program funding issues early in the cost estimating review process

b)Prepares independent life-cycle cost estimates for ACAT ID programs

C)Designates an independent activity to perform the Analysis of Alternatives for an ACAT I program

D)Prepares the Component Cost Analysis

2) Which one of the following best reflects when the Component Cost Estimate (CCE) must be prepared for an ACAT IA program?

A) At Milestone A and whenever the Economic Analysis is required/updated

B) Only at Program Initiation

C) At every milestone and decision review point

D) At Milestones B, C, and the Full Rate Production Decision Review

3) An Army helicopter program has initiated a product improvement effort to make the helicopter easier to maintain. This effort will not enhance the system's performance capability and extensive/independent testing will not be required. The production line is not currently active. According to DoD budget guidance, the proper appropriation account in which to budget for the development and testing of this product improvement is:

A) Operations & Maintenance, Army

B) Military Personnel, Army

C) Aircraft Procurement, Army

D) RDT&E, Army

4) What funding policy applies to procurement appropriations?

A) Full Funding

B) Escalation Funding

C) Annual Funding

D) Incremental Funding

5) The contract type which allows the negotiated price to be adjusted based on economic conditions identified in the contract is:

A) Fixed Price Incentive, Firm Target

B) Firm Fixed Price

C) Fixed Price-Economic Price Adjustment

D) Cost Plus Incentive Fee

6) A cost estimate prepared using the engineering method uses:

A) A one-to-one comparison of the new system to a similar existing system

B) A detailed work breakdown structure to enable a bottom-up determination of costs

C) Statistical analysis to derive cost estimating relationships

D)Projections based on cost data from past experience with the same system

7) What cost estimating technique would be most appropriate for the following situation?A DoD Component is trying to budget for the overhaul of 10 air refueling tankers. Cost data is available from five similar recent overhauls of the same model aircraft.

A) Analogy

B) Actual Costs

C) Parametric

D) Engineering

8) Which of the following categories of appropriations should be used to fund $150,000 of computer equipment for a Local Area Network?

A) Military Personnel

B) Procurement

C) Military Construction

D) Operations & Maintenance

9) Which of the following characteristics is FALSE about a Cost Plus Fixed Fee contract?

A) Most risky for government and least risky for contractor

B) Contains no incentives

C) Provides for fee including a base fee and an award fee

D) Contractor is reimbursed for all allowable costs

10) DoD funding policy states that the RDT&E appropriation budget request for a fiscal year should be restricted to the budget authority necessary to cover all:

A) expenditures expected to be made during that fiscal year

B) costs expected to be incurred during that fiscal year

C) commitments expected to be made during that fiscal year

D) outlays expected to be made during that fiscal year

11) DoD funding policy states that the RDT&E appropriation budget request for a fiscal year should be restricted to the budget authority necessary to cover all:

A) expenditures expected to be made during that fiscal year

B) costs expected to be incurred during that fiscal year

C) commitments expected to be made during that fiscal year

D) outlays expected to be made during that fiscal year

12) Which one of the following best reflects how a DoD acquisition program manager should go about implementing the CAIV philosophy?
A) Trading off cost to achieve objective levels of system performance
B) Trading off schedule parameters to achieve objective levels of system performance
C) Trading off specific performance parameters of the system to achieve program cost objectives

D) Trading off cost to achieve program schedule objectives

13) A program that wants to reduce the procurement cost of its system by reducing the cost of materials and labor could do so by making use of this type of funding policy exception:
A) Working Capital Funds
B) Services contract crossing fiscal years
C) Multiyear procurement
D) Advance procurement

Solutions

Expert Solution

Since, there are multiple questions, I have answered the first one.

_____

Question 1:

Reviews a program's life-cycle cost estimate or economic Analysis to identify program funding issues early in the cost estimating review process. (which is Option A)

_____

Explanation:

1) Director, Cost Assessment and Program Evaluation or DCAPE (and not the Service Assistant Secretary (Financial Management and Comptroller)) prepares independent life-cycle cost estimates for ACAT ID program. Therefore, Option B is incorrect.

2) The DOD (Department of Defence) component head for the affected mission area (and not the Service Assistant Secretary (Financial Management and Comptroller)) designates an independent activity to perform the Analysis of Alternatives for an ACAT I program. Therefore, Option C is incorrect.

3) Component cost agencies (developed by DOD components) prepare the Component Cost Analysis. Therefore, Option D is incorrect.


Related Solutions

1-Select and asset and perform life cycle cost taking into an account all the possible costs (service, disposal, initial, etc)
1-Select and asset and perform life cycle cost taking into an account all the possible costs (service, disposal, initial, etc)2-List examples where extranational legal issues between nations may arise with respect to environmental issues3-Select a project or a product and discuss actions that could be taken to optimize the effects of three environmental key indicators4- Select a project or a product and discuss actions that could be taken to optimize the effects of three social key indicators5-Describe factors or activities...
1. There are about 10 stages in the Life Cycle Management of Medical Device. Can you...
1. There are about 10 stages in the Life Cycle Management of Medical Device. Can you name 4 points and briefly explain each point? 2. The management of medical equipment is a risk-based management program. Please start with the manufacturer’s design to meet intended use, risk assessment, acceptance testing, use, maintenance to the stages of post-market surveillance, and reporting to equipment condemnation. Briefly describe the features of the safety management mechanism at each stage.
The product life cycle and channel management. discuss channel strategies at different stages of the life...
The product life cycle and channel management. discuss channel strategies at different stages of the life cycle using 50-250 words.
1. Research and discuss why project management is important for the Software Development Life Cycle (SDLC).
1. Research and discuss why project management is important for the Software Development Life Cycle (SDLC).
1. Look at the pine life cycle and compare it to the life cycles of the...
1. Look at the pine life cycle and compare it to the life cycles of the seedless vascular plants. Emphasize the main differences between the life cycles. 2. Observe the pine microsporangiate strobili (male cones). a. Do you think the male cones are persistent? Why? b. How is this trait related to the type of fertilization utilized by pines? 3. Now look at a slide of pine pollen. a. What structures do they have that might help their dispersal? 4....
Many financial planners believe in the “life cycle approach” to preparing personal financial plans for their...
Many financial planners believe in the “life cycle approach” to preparing personal financial plans for their clients. This approach is based on the hypothesis that as people age, their objectives change along with their financial and personal circumstances, their investment knowledge and their risk tolerance. REQUIRED If the life cycle approach/hypothesis is correct, then why are financial planners required to spend so much time following the “know your client” rule when it comes to determining the client’s goals and objectives....
LIFE CYCLE NUTRITION ASSIGNMENT Life Cycle Nutrition Objectives: 1. Have a better understanding of the professional...
LIFE CYCLE NUTRITION ASSIGNMENT Life Cycle Nutrition Objectives: 1. Have a better understanding of the professional thoughts on one issue in life cycle nutrition. 2. Identify a scholarly source for information. DUE: 1.     Find an article from a professional journal or on the WEB that deals with some aspect of nutrition in relation to pregnancy, lactation, infancy, childhood or the elderly. Suggested topics could include but not limited to: ·       Breastfeeding ·       Success (or not) of the WIC program ·      ...
1. Describe the structures and life cycle of Basidiomycota.
 1. Describe the structures and life cycle of Basidiomycota. 2. What combination of environmental and morphological change is similar in the evolution of both fungi and plants? 3. What is the adaptive advantage associated with the filamentous nature of fungal mycelia? 4. What do fungi and arthropods have in common? 5. How do fish maintain homeostasis? 
You are asked by your boss to conduct a life cycle cost analysis and make a...
You are asked by your boss to conduct a life cycle cost analysis and make a decision on a truck purchase. There are two alternatives: (a) Diesel Truck: first cost - $22,000, service life - 4 years, annual operation costs - $5,000, maintenance/repair costs - $1,000 after 2 years and $1,000 after 4 years, salvage value - $12,000; (b) (a) Gas Truck: first cost - $20,000, service life - 4 years, annual operation costs - $6,250, maintenance/repair costs - $1,000...
How is the imitation gap hypothesis and the product life cycle hypothesis applicable to the cost...
How is the imitation gap hypothesis and the product life cycle hypothesis applicable to the cost of a coronavirus vaccine? Word count 1000-1500 Use relevant diagrams
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT