1.__________ sets time periods for closing out contracts.

A)FAR 49.804B)FAR 4.601C)FAR 4.804D)FAR 15.404E)None of the above

2.The time period for closing out a contract is based on the contract type:

A)Defense Contract Management AgencyB)Physical completionC)Data deliveriesD)Settlement proposalE)None of the above

3.A contract closeout checklist may be found on:

A)SF 1392B)DD Form 1450C)DD Form 1728D)SF 30E)DD Form 1597

4.Upon receiving evidence of physical completion, the Government Contract Management Office should review the:

A)Contract performance assessment reportB)Contract work order reportC)Contract data requirements listD)Contract funds statusE)Contract completion record

5.Monitoring for cost-type contracts does not have to include:

A)Public vouchersB)Indirect cost settlementC)Corporate allocationsD)DCAA Form 1 issuesE)None of the above

6.When indirect cost rates are settled for all contract performance years, the contractor has __________ days to submit a final voucher.

A)60B)90C)120D)365E)None of the above

7.What may be required to be adjusted based on the number of hours expended in a LOE cost contract?

A)FeeB)TimeC)DataD)DeliveryE)None of the above

8.Under quick closeout procedures, the determinations of final indirect costs are:

A)Subject to adjustmentB)FinalC)Precedental in natureD)None of the above

9.In analyzing a contractor's history of proposed and settled rates during quick closeout negotiations, a tool is the use of a(n):

A)AuditB)Rate of similar contractsC)Forward pricing rateD)Decrement factorE)None of the above

10.What method can be used to close out a contract where the contractor is unable to submit indirect cost data?

A)Assessment of liquidated damagesB)Appeals board directed closeoutC)Administrative unilateral closeoutD)Contract cannot be closed out