2

Question 1

The cost principles articulated in FAR Part 31 provide the primary means for determining whether a cost is __________________ in federal government contracting.

Answer 1

allowable

Question 2

The first listed factor for determining if a cost is allowable is the __________________ of the cost.

Answer 2

Reasonable

Question 3

Under the FAR a cost is reasonable if “in its nature and amount, it does not exceed that which would be incurred by a prudent person in the conduct of ______________ business.”

Answer 3

competitive

Question 4

A cost that is not related to a particular cost objective may nevertheless be allowable as necessary to the _________________ operation of the business.

Answer 4

overall

Question 5

The 48 “selected costs” must not only meet the general standards for allowability, they must also meet special criteria. One of these costs may be reasonable and _____________ but not be permitted if it fails to meet the additional criteria.

Answer 5

allocable

Question 6

he Cost Accounting Standards (CAS) require that the contractor use a specific, prescribed method of computing each different type of cost.

Answer 6

false

Question 7

According to Feldman, the CAS apply to both defense and non-defense [1] prime and subcontracts over $ [2].

Answer 7

1. Negotiated

2. 700,000

Question 8

Classen’s “typical” license indicates the licensee is granted authorization to _____________ the software.

Answer 8

use

Question 9

While shrink-wrapped software licenses traditionally have had a ______________ term, other software licenses often have a more limited term, i.e. 5 or 10 years.

Answer 9

perpetual

Question 10

A common limitation in a software license is to restrict use of the software to a particular central processing unit, or to a specific number of seats or ___________ users.

Answer 10

concurrent