What type of contract has a firm price that is not subject to adjustment
Fixed Price Contracts
100
What does SBS stand for
Strategic Business Services
100
What document constitutes formal authorization from the Firm to begin or continue support on an effort in advance of client funding, Pop, or contractual paperwork
MWA
200
Which contract type demonstrates the lowest cost risk
Cost Reimbursable Contract
200
One of Adrian's relatives won which major sporting event
Tour de France. His grandfather's cousin won the race in 1924 and 1925
200
True or False: MWA’s address risk prior to occurrence to help manage and mitigate the Firm’s risk exposure
True
300
True or False: Letter Contracts fall under the Time and Material category
True
300
Which team is the firm's resource for market and business information
SBI
300
Provide 2 examples of Reserves
Costs in excess of funding, charges past POP, invoices not paid past 90 days, unbilled costs
400
Which contract type demonstrates the greatest profit opportunity
Fixed Price Contract
400
True or False: SBS is an integrated team of business financial management professionals who provide contract and financial services to Program Managers, Task Managers and OICs
False: The team described is PBS.
400
True or False: eMWA’s (online version) requires different information than the paper version
False: The online version requires the same information as the paper version
500
True or False: Time and Material contracts are used when the extent and duration of the work or costs can be accurately estimated
False: They are used when the extent and duration cannot be accurately estimated
500
Who reviews/approves technical evaluation and source justification and statement of work (SOWs)