Exam 4 Multiple choice Flashcards
(25 cards)
Learning Curve theory is based upon
The rate of improvement has sufficient consistency to allow its use as a predictive tool
Which of the following is a valid source of experience for learning curve?
Labor Efficiency
Product Redesign
Worker incentives
All the Above
Which of the following would be a typical limitation to a learning curve?
The learning curve does not continue forever
Learning gained on one product is not transferred to another product
Cost data may not be available to construct a learning curve
All the Above
Learning curve theory states that every time the product levels ____, learning takes place at a constant _
double, constant
During contract negotiations, the goas of the seller is to
negotiate a contract where the profit margin is commensurate with the risk the contractor is expected to incur
Which contract type has the greatest risk with the buyer
Cost Plus Incentive
During contract negotiations that goal of the buyer
get the highest quality result for the lowest cost
Contract that has the greatest risk on the seller
firm fixed price
_____ source contracting is when suppliers exist but only one is selected to receive the contract
single
_____ source contracting is when there exists only one supplier in the marketplace to satisfy the requirements of the contract
sole
companies that give part of the procurement contract to mulitple suppliers do so to
all the above
for long term projects suhc as weapon systems projects contracted for by the department of defense, the type of contract can change from life cyclephase to life cycle phase
True
Which of the following is generally not part of conducting the procurements
perform a make- or buy analysis
Which of the following is generally not included in a solicaitation package
past bidding history of qualified vendors
which would the price of a possible contract not be included?
Request for information
Hygiene factors refers to
How and where contract negotiations will take place
A covenant providing restrictions on certain proprietary knowledge is called a
Non disclosure clause
Failure to exercise one’s activity in such a manner that a reasonable person would do in a similar situation
negligence
A intentional relinquishment of legal right is a
waiver
The type of contract where all of the seller’s costs are reimbursed and the seller will also receive a percentage of the profit pool based upon how well the buyer likes the end result
cost plus award fee
Which type of cost plus contract provides the seller with a guranteed dollar value profit rather than as a percentage
Cost plus fixed fee
Type of contract has a sharing ratio and ceiling on the profit
cost plus incentive fee
Type of contract has a point of total assumption
Fixed price incentive fee
Which of the following is part of the responsibility of contract administrator
All of the above
