Q21. In your course materials, there was a discussion of the different types of rates used by companies doing business with the government. This discussion was referred to as the "Rate Cycle". Which of the following is NOT concerning the rate cycle?

o Forward Pricing Rates are estimated of a contractor's indirect rates and used to calculate the indirect dollars in cost proposals.

o Billing Rates are used after the contract is awarded. They are used to calculate the indirect dollars that appear on invoices.

o Final rates are used only on IDIQ's

o The rate cycle starts with forward pricing rates then billing rates and after the contract is complete, final or actual rates.