Quiz
CDFM Module 2 Practice Questions
This quiz has question types that open in the usual player.
Questions in this quiz (101)
1What law identifies the Chairman of the Joint Chiefs of Staff as the Senior ranking member of the Armed Forces?
- ANational Security Act of 1947
- BGoldwater-Nichols DoD Reorganization Act of 1986
- CNational Defense Authorization Act of 1945
2The military operational chain of command runs from the President to whom?
- ASecretary of Defense
- BChairman of the Joint Chiefs of Staff
3The Commanders of the Combatant Commands are responsible to [blank_start]whom[blank_end] for accomplishing the assigned military mission.
- Athe SECDEF
- Bthe Chairman, JCS
- Cthe Department Heads
4The Chairman of the Joint Chiefs of Staff is the principal military advisor to which officials and or organizations?
- AThe President
- BThe National Security Council (NSC)
- Cthe SECDEF
- DCongress
5The [blank_start]President[blank_end] serves as the Chairman of the National Security Council.
- APresident
- BChairman, JCS
- CSECDEF
- DDirector of Homeland Security
6Name the three major phases of the PPBE process that result in the DoD portion of the President's Budget that is submitted to Congress?
- APlanning
- BProgramming
- CBudgeting
- DExecution
7[blank_start]What[blank_end] is the name of the process used by DoD to determine the dollar amounts for programs to be submitted to Congress as part of the President's Budget.
- APPBE
8What is the title of the senior OSD official responsible for the planning phase of the PPBE process?
- AUnder Secretary of Defense for Policy USD (P)
- BDirector, Cost Assessment and Performance Evaluation (D, CAPE)
- CUnder Secretary of Defense (Comptroller) USD (C)
9What is the title of the senior OSD official responsible for issuing programming guidance?
- AUnder Secretary of Defense for Policy USD(P)
- BUnder Secretary of Defense (Comptroller) USD(C)
- CDirector, Cost Assessment and Program Evaluation D, CAPE
10What is the title of the senior OSD official who is the principal advisor and assistant to the SECDEF for budget and fiscal matters?
- ADirector, Cost Assessment and Program Evaluation D,CAPE
- BUnder Secretary of Defense for Policy (USD(P))
- CUnder Secretary of Defense (Comptroller) USD(C)
11The Under Secretary of Defense (Acquisition, Technology & Logistics) serve as the Chairman of the [blank_start]Defense Acquisition Board.[blank_end]
- ADefense Acquisition Board.
- BDeputy's Management Action Group.
- C3 Star Program Review Group.
12Assume today's date is 1 March 2014 and your organization knows about a new project requirement that will require its initial funding in FY 2021. What is the first PPBE-related document in which you could identify resources for that requirement?
- AProgram Objective Memorandum (POM)
- BBudget Estimation Submission (BES)
- CIntegrated Priority List (IPL)
13What is the title of the final document of the planning phase?
- AIntegrated Priority List (IPL)
- BResource Management Decision (RMD)
- CJoint Planning Document (JPD)
- DDefense Planning Guidance (DPG)
14[blank_start]What[blank_end] is the title of the document prepared by the D, CAPE and USD(C) in the May to June time frame that provides guidance to Components for preparation of their POM and BES submissions.
- AIntegrated Program/Budget Review Guidanc
- BProgram Objective Memorandum
- CPortoflio Review
15Future Years Defense Program (FYDP) is the name of the automated database that summarizes all forces, resources, and equipment associated with programs approved by the Secretary of Defense.
- ATrue
- BFalse
16What is the phase of the PPBE process in which programmatic decisions are translated into requested resources in an appropriations format?
- APlanning
- BProgramming
- CBudgeting
- DExecution
17What is the name of the document prepared by the Joint Staff after its review of POMs submitted by the Military Departments that focuses on the balance and capabilities contained in those POMS?
- AIntegrated Priority List (IPL)
- BPortfolio Review
- CIssue Papers
- DChariman's Program Assessment (CPA)
18Following review of a Component's budget submission and a potential budget hearing in the fall timeframe, the reviewing USD(C) budget analyst prepares a draft document that is submitted to the DEPSECDEF or SECDEF for a decision. Once signed by one of those senior officials, what is that document called?
- AResource Management Decision (RMD)
- BIssue Paper
- CBudget Estimate System (BES)
19After all resource-related decisions have been made by the DEPSECDEF or SECDEF to determine the Defense portion of the President's Budget, the USD(C) posts final decisions into a database in the proper appropriation account format. What is the title of that database?
- AFuture Years Defense Program (FYDP)
- BComptroller's Information Systems (CIS)
20Advance Procurement is an exception to what funding policy?
- AAnnual Funding Policy
- BIncremental Funding Policy
- CFull Funding Policy
21There are two primary methods, [blank_start]expense[blank_end] and [blank_start]investment[blank_end], by which DoD obligates the vast majority of its appropriations.
- Aexpense
- Binvestment
22Assume an agency has issued an Economy Act order to another Federal agency for specific services, the cited appropriation has gone into an expired status, and the servicing agency has neither provided the ordered services nor has entered into an authorized contract with another entity to provide the ordered services. The agency cannot deobligate the funds.
- ATrue
- BFalse
23[blank_start]Transfer of funds[blank_end] is the term used for shifting funds between appropriations.
- ATransfer of funds
24What is the long -term financial goal of a working capital fund?
- AMake a profit
- BBreak Even
- CNo goals
25A working capital fund has an officer (O-4) properly assigned to the organization and that officer is doing the work that would normally be performed by a GS-13. For managerial cost accounting purposes, is the "cost" of that officer's pay and benefits "charged" at the military O-4 rate or the civilian GS-13 rate?
- AO-4 Rate
- BGS-13 Civilian Rate
26Assume your organization overpaid a contractor on a contract awarded with an appropriation that is now in the cancelled status, and the contractor has sent in a check for that overpayment. What can your organization legally do with that refund from the contractor?
- AReduce the total amount of obligations and outlays recorded for the year.
- BRecord the refund as an adjustment to the expired account
- CCredit the refund to the Miscellaneous Receipts of the Treasury.
27Monies not appropriated by Congress that are generated primarily from the sale of goods and services are known as what?
- ADefense Working Capital Funds
- BNon Appropriated Funds
- CAppropriated Funds
28Fill in the blanks.
- AArmy
- BNavy
- CNavy
- DArmy
- EMarine Corps
- FCoast Guard
- GMarine Corps
- HAir Force
- INavy
- JMarine Corps
- KCoast Guard
- LAir Force
- MCoast Guard
- NNavy
- OMarine Corps
- PDepartment of the Army
- QDepartment of Defense
- RArmy Department
- SWar Department
- TDepartment of Defense
- UWar Department
- VDepartment of the Navy
- WDepartment of Defense
- XDepartment of Defense
- YDepartment of the Air Force
- ZNational Military Establishment
- AADepartment of Defense
- ABWar Department
- ACNational Military Establishment
- ADNational Security Council
- AEDepartment of the Airforce
- AFDepartment of Defense
29Label the diagram.
- APlanning
- BProgramming
- CBudgeting
- DDefense Progrmamming Guidance
- EBES
- FPOM
- GFYDP Update
- HStrategic Portfolio Reviews
- INSS
- JDefense Strategic Guidance (DSG)
- KNational Military Strategy (NMS)
- LJoint Planning Document
- MPre-POM Development
- NChairman's Program Assessment (CPA)
- OResource Management Decisions RMD
- PResource Management Decision RMD
- QPresident's Budget
30A key DoD principal is the [blank_start]USD(C),[blank_end] who as the Chief Financial Officer (CFO) of Defense, acts as resource consultant and advisor the Secretary of Defense, as well as manager and arbiter of the Defense resource management process.
- AUSD(C),
- BUSD(P),
- CDirector Financial Management
- DD, CAPE,
31The OSD is the principal staff element used by the Secretary and Deputy Secretary of Defense to exercise authority, direction and control over the Department of Defense. It includes the offices of the Under Secretaries:
- AAcquisition, Technology and Logistics
- BPolicy
- CPersonnel and Readiness
- DComptroller
- EIntelligence
- FHuman Resources
32Who are the standing Principal Members of the National Security Council?
- APresident
- BVice President
- CSecretary of Defense
- DSecretary of State
- ESecretary of Energy
- FChairman, Joint Chiefs of Staff
- GDirector of National Intelligence
- HSecretary of Treasury
- IAssistant to the President for National Security Affairs
- JChief of Staff to the President
33Who are the National Security Council Statutory Advisers?
- AChairman, Joint Chiefs of Staff
- BDirector of National Intelligence
- CSecretary of Treasury
- DAssistant to the President for National Security Affairs
- EChief of Staff to the President
- FSecretary of Homeland Security
- GThe Attorney General
34Who are the standing Participants on the National Security Counsel?
- ASecretary of Treasury
- BAssistant to the President for National Security Affairs
- CChief of Staff to the President
- DCounsel to the President
- ESecretary of Homeland Security
- FThe Attorney General
- GRepresentatives of the USA to the UN
- HOther cabinet and government officials at President's Request
- ISecretary of Defense
35The [blank_start]National Security Strategy[blank_end] emerges from the National Security Council.
- ANational Security Strategy
- BQuadrennial Defense Review
- CNational Defense Guidance
- DDefense Strategic Guidance
36The Quadrennial Defense Review is required by law to be submitted to Congress in February of the year the President takes office.
- ATrue
- BFalse
37The National Military Strategy addresses objectives in the DoD Strategic Plan that require a military response. It is developed by:
- AChairman, Joint Chiefs of Staff
- BSecretary of Defense
- CPresident
- DCombatant Commanders
- ENational Security Council
38Both the JCS and Combatant Commanders play a major part in the planning phase PPBE. The Joint Staff develop the [blank_start]National Military Strategy[blank_end] from which the [blank_start]Defense Planning guidance[blank_end] is developed. Each Combatant Commander prepares an [blank_start]Integrated Priority List[blank_end] of resource requirements that are prioritized across service lines.
- ANational Military Strategy
- BDefense Planning guidance
- CIntegrated Priority List
39What are the three key support systems that must work in concert to ensure consistent decision making while delivering timely cost effective capability solutions to the warfighter community?
- APPBE Process
- BJoint Capabilities Integration and Development System (JCIDS)
- CDefense Acquisition System (DAS)
- DDeputy Management Action Group
40The [blank_start]JCIDS[blank_end] is a systematic method established by the Joint Chiefs of Staff to assess gaps in the military joint warfighting capabilities and to recommend solutions to fill these gaps.
- AJCIDS
- BDefense Acquisition System
- CDeputy's Management Action Group
41The final document in the planning phase is the _________________________ , which promulgates Defense policy, strategy, force planning, resource planning, and fiscal guidance.
- ADefense Planning Guidance
- BJoint Planning Document
- CMilitary Departments' Long Range Plans
- DIntegrated Priority List
42The planning process begins about [blank_start]a year and a half[blank_end] in advance of the fiscal year in which the budget authority will be requested.
- Aa year and a half
- Ba year
- Ctwo years
- Dsix months
43Combatant Commands submit their Program Objective Memorandum (POM) and Budget Estimate Submission (BES) directly to OSD.
- ATrue
- BFalse
44The Joint Staff conducts a review of the POMs at the same time the OSD staff is conducting its review. The review focuses on the balance and capabilities of the forces contained in the POMs. What is the title of this review?
- AChairman's Program Assessment (CPA)
- BProgrammatic Issues and Program Review
- CStrategic Portfolio Review
45Place the correct document title on the description.
- AIntegrated Priority List
- BDefense Planning Guidance
- CProgram Objective Memorandum
- DIssue Books (IB)
- EResource Management Decision (RMD)
- FBudget Estimate Submission (BES)
- GFuture Years Defense Program (FYDP)
- HComptroller Information Systems (CIS)
- IPresident's Budget
46Place the appropriation category on the description/attributes.
- AMILPERS and O&M
- BResearch, Devlopment, Test, & Evaluation
- CProcurement
- DShipbuilding (SCN) & MILCON
47The [blank_start]Full[blank_end] Funding Policy applies to O&M and MILPERS. The intent is provide only those funds required to obligate for expenses associated with normal operations of DoD activities for a 12 month period.
- AFull
- BAnnual
- CIncremental
- DContinuous
48The [blank_start]Incremental[blank_end] Funding Policy applies to RDT&E. This policy provides only those fund required for work in a given fiscal year are to be included in the RDT&E budget request for the fiscal year.
- AIncremental
- BFull
- CAnnual
- DPartial
49The rule governing the computation for procurement and military construction appropriations is called the [blank_start]full[blank_end] funding policy.
- Afull
- Bincremental
- Cannual
50[blank_start]Advanced Procurement[blank_end] can be described as funds to procure certain components, material, or effort in advance of the end item buy, to preclude serious and costly fluctuation in program continuity. It may be used to maintain critical skills that would otherwise be lost between [blank_start]Engineering and Manufacturing[blank_end] Development and Full-Rate Production and or to protect the schedule by providing necessary components at the right time for incorporation into the production of the weapon system. The authorization for the use of [blank_start]advance procurement[blank_end] funds limits the [blank_start]Milestone Decision Authority's[blank_end] flexibility so it should only be used when the economic benefits are significant.
- AAdvanced Procurement
- BEngineering and Manufacturing
- Cadvance procurement
- DMilestone Decision Authority's
51What is defined as the process, planning and ultimate contract but which the government may contract for the purchase of supplies or services for more than one, but normally not more than five program years?
- AMultiyear Procurement
- BAdvanced Procurement
- CExtended Procurement
52Enter the number of years that correspond to the status of funds (columns) and the appropriation.
- A1
- B1
- C2
- D3
- E5
- F5
- G5
- H5
- I10
- J10
- K8
- L5
- M5
- N5
- O5
- P7
- Q6
- R6
53If an appropriation is a CURRENT phase, it is available for new obligations, increased scope on existing obligations, payments and adjustments.
- ATrue
- BFalse
54If an appropriation is in an Expired phase, it is NO LONGER AVAILABLE for payments and adjustments to existing obligations made when account was "current".
- ATrue
- BFalse
55If an appropriation is in CANCELLED status, it is available to make adjustments to and expenditures to liquidate previously made obligations.
- ATrue
- BFalse
56What are the most common types of obligation documents?
- AContracts
- BMilitary Interdepartmental Purchase Requests (MIPRs)
- CMemorandum of Agreement
57A [blank_start]project order[blank_end] is used to order work or services from another DoD entity for effort that extends beyond the fiscal year for maintenance or production.
[blank_start]Economy Act Orders[blank_end] are intragovernmental orders that will produce a useful service or item by the end of the fiscal year. The unexecuted portion of the order must be deobligated when the cited appropriation expires.- Aproject order
- BEconomy Act Orders
58When the funds are shifted within the same appropriation account, it is a [blank_start]reprogramming[blank_end] action.
When the funds are shifted between appropriation accounts, it is a [blank_start]transfer[blank_end] action.- Areprogramming
- Btransfer
59Place the reprogramming and transfer of funds limits along with the level of control and obligation available amounts on the chart.
- A$10M
- B$15M
- CLesser of $2M or 25%
- DLesser of $20M or 20%
- ELesser of $10M or 20%
- FBudget Activity
- GBudget Activity or Defense Agency
- HProgram Element
- ILine Item
- JProject
60[blank_start]Stock Funds[blank_end] dealt with procuring material in volume from commercial sources and holding it in inventory.
[blank_start]Industrial Funds[blank_end] were funds that provided industrial and commercial goods and services, such as depot maintenance, transportation, and research and development.- AStock Funds
- BIndustrial Funds
61During the five-year period in which accounts remain in an expired state, obligations may be adjusted upward or downward and disbursements made.
- ATrue
- BFalse
62[blank_start]Category A[blank_end] - [blank_start]Mission Sustaining Programs[blank_end] - These programs are considered most essential in meeting the organizational objectives of the Military Services. The programs shall be supported almost entirely with appropriated funds (APF) with the use of NAF limited to specific instances where APF are prohibited or where NAF is essential for the operation of a facility or program.
[blank_start]Category B[blank_end] - [blank_start]Community Support Programs[blank_end] - These programs satisfy the basic physiological and psychological needs of Service members and families, providing, to the extent possible, the community support systems that make DoD installations temporary home towns for a mobile military population.
[blank_start]Category C[blank_end] - [blank_start]Revenue Generating Programs[blank_end] - Activities in this group have the business capability of generating income to cover most of their operating expenses, but lack the ability to sustain themselves based purely on their business activity.- ACategory A
- BMission Sustaining Programs
- CCategory B
- DCommunity Support Programs
- ECategory C
- FRevenue Generating Programs
63The Defense Acquisition System is the management process that guides DoD acquisition programs and is basically the process by which programmatic risk is managed. What are the three programmatic risks that must be successfully managed?
- ASchedule, Performance, Cost
- BSchedule, Cost, Scope
- CQuality, Cost, Schedule
64What are the appropriations that may be used to fund an acquisition program?
- ARDT&E
- BProcurement
- CMILPERS
- DO&M
- EMILCON
65What is the acquisition approach that delivers capability to the war fighter in a set of increments spread over time - with a known desired end-state capability - rather than in a single effort, because technology is not yet available to provide that end-state capability?
- AEvolutionary Acquisition
- BRapid Acquisition
- CAdvanced Acquisition
- DModern Acquisition
66What is the term used to describe dollars shown in the life-cycle cost estimate wherein the effects of inflation are not considered?
- AConstant Year Dollars
- BCurrent Year Dollars
- CFuture Year Dollars
- DAnnual Stabilized Dollars
67What is the term used to describe dollars used for programming and budgeting purposes wherein the effects of inflation are considered?
- ACurrent Year Dollars
- BConstant Year Dollars
- CFuture Year Dollars
- DStandard Year Dollars
68What cost structure does MIL-STD-881C represent?
- AWork Breakdown Structure
- BCost as an Independent Variable (CAIV)
- CTop Down Structure
69[blank_start]Cost as an Independent Variable[blank_end] is the concept is based on the axiom that the best time to reduce cost is early in the process.
- ACost as an Independent Variable (CAIV)
- BWork Breakdown Structure
- CEngineering Approach
- DAnalogy Approach
70Which cost estimating method is based on direct comparison with historical information of one similar system?
- AAnalogy Approach
- BParametric Approach
- CEngineering Approach
- DActuals
71Which cost estimating method is known as a statistical top-down method?
- AAnalogy Approach
- BParametric Approach
- CEngineering Approach
- DExpert Opinion
72Which cost estimating method requires extensive knowledge other product or process?
- AAnalogy Approach
- BParametric Approach
- CEngineering Approach
- DExpert Opinion
73What are the methods/steps in conducting the Delphi Technique ?
1. [blank_start]____________[blank_end]
2. [blank_start]____________[blank_end]
3. [blank_start]____________[blank_end]
4. [blank_start]____________[blank_end]
5. [blank_start]____________[blank_end]- AQuery Expert Opinion
- BSeek supporting rationale
- CSummarize Results
- DGather 2nd Opinion
- EContinue iteration until concensus
74[blank_start]What[blank_end] is the theory that as the quantity of output doubles, the man-hours required to produce the quantity decreases at a fixed rate.
- ALearning Curve Theory
75What is the name of the integrated management tool intended to relate contract actual performance on a contract to the contractor's planned cost and schedule, that measures the work progress in objective terms, and that states the value of the work completed in dollars?
- AEarned Value Management System (EVMS)
- BParametric Approach
- CCost-Benefit Analysis
- DSchedule Comparison Analysis
76What is the EVM-related term when there is a difference between budgeted cost of work performance (BCWP) and actual cost of work performed (ACWP) on a cost reimbursable contract?
- ACost Variance
- BSchedule Variance
- CCost imbalance
- DCost Discrepancy
77[blank_start]Cost-benefit Analysis[blank_end] is a systematic approach to the problem of choosing the best method of allocating scarce resource to achieve a given objective.
- ACost-benefit Analysis
- BEconomic Analysis
- CEarned Value Management System
78Which of the below are examples of Quantifiable Benefits?
- ACost Savings
- BCost Avoidance
- CPerformance Improvement
- DRepeatability
79[blank_start]Mean[blank_end] is the arithmetic average.
[blank_start]Mode[blank_end] is the most frequent score in a distribution of scores.
[blank_start]Median[blank_end] is the middle of arrayed values.- AMedian
- BMode
- CMean
80[blank_start]Correlation[blank_end] measures the degree of relationship between two or more variables.
- ACorrelation
81For a perfect correlation to exist, what would be the coefficient?
- A1
- B0
- C2
- D100
82When evaluating a proposed investment or project with costs and benefits occurring not only in the current year but also future years, it is necessary to "bring back to today's dollars" all those costs and benefits. What is the process determining?
- ANet Present Value
- BPresent Value
- CTotal Cost
- DVariable Cost
83Place the DoD Decision Support Systems in the correct bubble given their oversight.
- APPBEs
- BDefense Acquisition Management System
- CJCIDS
84The [blank_start]JCIDS[blank_end] is a systematic method established by the Joint Chiefs of Staff for assessing gaps in military joint warfighting capabilities and recommending solutions to resolve these gaps.
- AJCIDS
- BPPBEs
- CJROC
- DDAMS
85Fill in the blanks using the titles and terms below.
- AInitial Capabilities Document
- BMaterial Development Decision
- CMaterial Solution Analysis
- DTechnology Development
- ECapability Development Document
- FPost CDR
- GEngineering & Manufacturing Development
- HCapability Production Document
- IProduction and Deployment
- JOperations & Support
- KFull Rate Production Decision Review
- LPre-Systems Acquisition
- MSystems Acquisition
- NSustainment
86Pick the overarching Acquisition policy that matches the description:
[blank_start]Flexibility.[blank_end] There is no best way to structure a program. Strategies and oversight shall be tailored to fir the particular conditions of the program
[blank_start]Responsiveness.[blank_end] Advanced technology should be integrated at the earliest possible time.
[blank_start]Innovation.[blank_end] Initiatives and practices that reduce cycle time and cost should be adopted and teamwork should be encouraged.
[blank_start]Discipline.[blank_end] The program should comply with applicable statutes and regulations and program goals should be identified in terms of cost, schedule and performance parameters.
[blank_start]Streamlined and Effective Management.[blank_end] Responsibilities should be decentralized and credibility of cost, schedule, and performance reporting maximized.- AFlexibility.
- BResponsiveness.
- CInnovation.
- DDiscipline.
- EStreamlined and Effective Management.
87The foundation of a sound and credible cost estimate is a well-defined program; it is essential to know the details of what is to constitute that acquisition program in order to prepare a valid estimate of its lifecycle cost. The document used to capture that detailed information is known as the [blank_start]Cost Analysis Requirements Description.[blank_end]
- ACost Analysis Requirements Description.
- BInitial Capabilities Document
- CCapabilities Development Document
- DCapability Production Document
88Match the life cycle cost categories to the description:
[blank_start]Research & Development.[blank_end] Costs of all research and development, from program initiation through the Full Rate Production Decision.
[blank_start]Investment.[blank_end] Total cost of procuring the prime equipment; related support equipment, initial training, initial and war reserve spares, pre-planned product improvements, and military construction.
[blank_start]Operations and Support.[blank_end] Direct and indirect costs incurred in using the system, e.g. personnel maintenance, and sustaining investment.
[blank_start]Disposal.[blank_end] Includes demilitarization, detoxification, long-term waste storage, environmental restoration, and related costs.- AResearch & Development.
- BInvestment.
- COperations and Support.
- DDisposal.
89For ACAT I programs, there are normally three life cycle cost estimates prepared:
1. The initial cost estimate is normally done by the [blank_start]Program Management Office[blank_end]. This initial Estimate is known as the [blank_start]Program Office Estimate[blank_end]
2. The second cost estimate is normally done by the [blank_start]Service/Component Cost Analysis Agency[blank_end], who is independent of the acquisition chain of command. This estimate is known as the [blank_start]Component Cost Estimate.[blank_end]
3. The third cost estimate is normally done by the [blank_start]D, CAPE[blank_end]. This estimate is know as the [blank_start]Independent Cost Estimate[blank_end]. Title 10, US Code Chapter 144 Section 2434 requires that SECDEF consider an independent estimate of the lifecycle cost of a MDAP prior to granting Milestone B and C approval.- AProgram Management Office
- BProgram Office Estimate
- CService/Component Cost Analysis Agency
- DComponent Cost Estimate.
- ED, CAPE
- FIndependent Cost Estimate
90The [blank_start]program acquisition unit cost[blank_end] is defined by USC 2432 as the amount found by dividing the total cost for development and procurement of, and system specific military construction for, the acquisition program by the number of fully configured end items to be produced for the acquisition program.
The [blank_start]average procurement unit cost[blank_end] is the amount found by dividing the total of funds programmed to be available for obligation for procurement by the number of fully-configured end items to be procured.- Aprogram acquisition unit cost (PAUC)
- Baverage procurement unit cost (APUC)
- Caverage procurement unit cost (APUC)
- Dprogram acquisition unit cost (PAUC)
91[blank_start]Development Cost.[blank_end] Includes all RDT&E contract and in-house activities needed to design and test the system.
Flyaway Cost. Refers to the cost of procuring prime mission equipment.
[blank_start]Weapon System Cost.[blank_end] Includes costs for Prime Mission and Support Equipment, along with warranties, engineering changes, and the first destination transport costs.
[blank_start]Procurement Cost.[blank_end] Includes all Weapon System Costs, plus costs for initial spares and repair parts. Used to compute APUC.
[blank_start]Program Acquisition Cost.[blank_end] Refers to the complete cost of a ready-to-operate system, including Development Costs and Procurement and Facilities Costs. Used to compute PAUC.
[blank_start]Operating and Support Cost.[blank_end] All costs associated with operating, modifying and maintaining and supporting a system in the DoD inventory.
[blank_start]Life Cycle Cost.[blank_end] The total cost to the Government of a program over its full, useful life.- ADevelopment Cost.
- BWeapon System Cost.
- CProcurement Cost.
- DProgram Acquisition Cost.
- EOperating and Support Cost.
- FLife Cycle Cost.
92Place the steps for the economic analysis process in the correct order:
1. [blank_start]Establish Objective[blank_end]
2. [blank_start]Formulate Assumptions[blank_end]
3. [blank_start]Identify Constraints[blank_end]
4. [blank_start]Determine/identify alternatives[blank_end]
5. [blank_start]Est. Cost & Benefits for Alternatives[blank_end]
6. [blank_start]Compare Alternatives[blank_end]
7. [blank_start]Perform Sensitivity Analysis[blank_end]
8. [blank_start]Report Results[blank_end]- AEstablish Objective
- BEst. Cost & Benefits for Alternatives
- CFormulate Assumptions
- DIdentify Constraints
- EDetermine/identify alternatives
- FCompare Alternatives
- GPerform Sensitivity Analysis
- HReport Results
93If Actual Cost of Work Performed (ACWP) is less than Budgeted Cost of Work Performed the Cost Variance is: [blank_start]Favorable[blank_end]
- AFavorable
- BUnfavorable
94If the Budgeted Cost of Work Scheduled (BCWS) is more than the Budgeted Cost of Work Planned (BCWP) , the schedule variance is: [blank_start]Favorable[blank_end]
- AFavorable
- BUnfavorable
95Because it is not always known if the work done or not ye done is on the contract's critical path, it is not possible with certainty whether the contract is "behind, ahead, or on" schedule without having more information.
- ATrue
- BFalse
96What is radical redesign of key business processes that involves examination of the fundamental process itself?
- ABusiness Process Reengineering
- BChange Management
- CSix Sigma
97What is the process of measuring and comparing one's performance against "Best-in-class" organizations and then adapting the best practices of those organizations to improve one's own performance?
- ABenchmarking
- BLean 6 Sigma
- CBusiness Process Reengineering
98In Federal agencies, how often must strategic plans required under the GPRA Modernization Act of 2010 be updated? [blank_start]4 years[blank_end]
- A4 years
99Federal agencies are required to submit to OMB and Congress several financial-related reports on an annual basis. If the agency chooses to submit a consolidated report to satisfy that requirement it is called the Performance and Accountability Report (PAR). Alternatively, the agency may submit separate financial reports. What report or reports has DoD chosen to submit to satisfy the requirement?
- AAgency Financial Report
- BAnnual Performance Report
- CSummary of Performance and Financial Information
- DAnnual Performance Plan
100What is the term for anything produced by an organization that can be tabulated, calculated, or recorded and can be expressed in a quantitative or qualitative measure?
- AOutput
- BInput
- COutcomes
101What is the name of the process in which the intent is to shift functions and responsibilities, in whole or in part, from the Government to the private sector? [blank_start]Privatization[blank_end]
- APrivatization
- BOutsourcing
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- CDMA Government Quiz on CDFM Module 2 Practice Questions, created by Darius R Hinton on 29/03/2017.
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- Darius R Hinton
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- English
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