COR Cost & Pricing Analysis 3

Question 1

Which of the following is a valid exception to the TINA requirement for certified cost or pricing data?

Accepted Answer

Adequate price competition exists

Answer

When adequate price competition establishes price reasonableness, certified cost or pricing data is not required under the competition exception to TINA.

Question 2

A COR reviewing invoices notices the contractor is billing G&A expenses at a rate higher than the rate stated in the contract. The COR should:

Accepted Answer

Reject the invoices and promptly notify the contracting officer of the discrepancy

Answer

The COR must reject invoices that include costs billed at rates exceeding contractually agreed indirect rates and immediately notify the contracting officer.

Question 3

What is the primary mission of the Defense Contract Audit Agency (DCAA)?

Accepted Answer

Perform contract audits and provide financial advisory services to contracting officers

Answer

DCAA performs audits and provides financial advisory services to contracting officers and DoD officials; it advises but does not make contracting decisions.

Question 4

Which contracts are generally exempt from Cost Accounting Standards (CAS) coverage?

Accepted Answer

Contracts with small businesses and contracts below the CAS threshold

Answer

CAS exemptions include contracts awarded to small businesses and contracts below the CAS coverage threshold, per 48 CFR 9903.201-1.

Question 5

A contractor offers 'most favored customer' pricing as price reasonableness evidence. This is an example of which price analysis technique?

Accepted Answer

Catalog or market price analysis

Answer

Catalog or market price analysis uses prices offered to the general public or most favored customers to establish reasonableness without requiring certified cost data.

(COR) Contracting Officer's Representative Certification Practice Test

(COR) Contracting Officer's Representative Certification Practice Test

COR Cost & Pricing Analysis 3