1. Modifications do not require certified funds before they are executed. True or False

2. What distinguishes a Constructive Change from an Unauthorized Commitment?

A) A Constructive Change can be caused by the Contracting Officer who inadvertently didnt follow the procedures of the Changes Clause.

B) An Unauthorized Commitment can be caused by the Contracting Officer who inadvertently didnt follow the procedures of the Changes Clause.

3. Changes are a common element of contract administration and are incorporated through the use of _________.

A) Amendments

B) Modifications

C) Equitable Adjustments

4.For Contract XYZ, the ABC Company has overhead expenses equal to $1,000,000 and their total labor is $1,500,000. For purposes of calculating overhead as a percentage of labor, what position in the formula is the overhead expense?

A) Pool B) Base C) Ratio D) Rate

5. A certificate of Current Cost or Pricing Data:

A) Does not constitute a representation as to the accuracy of the contractor's judgment on the estimate of future costs or projections

B) Is no longer required

C) Is required upon exercise of an option at the price established at contract award, regardless of dollar value

D) Is required for proposals in support of interim billing price adjustments valued in excess of $500,000

6. A Disclosure Statement is reviewed by the Administrative Contracting Officer (ACO) to determine if it is:

A) Adequate & Compliant B) Fair & Reasonable C) Reasonable, Allocable & Allowable