Congressional Enactment & Program Execution EXTRA CREDIT?
1) Which one of the following aspects of a program’s acquisition strategy is LEAST likely to be of interest to the business financial manager?
Support strategy
Integrated contract performance management
Risk Management
Interoperability
2) Under which one of the following conditions would a Contract Funds Status Report (CFSR) MOST likely to be requested?
Cost Plus Fixed Fee contract less than 6 months in duration
Fixed Price Incentive contract valued at $5 million (constant FY 1990 dollars)
Cost Plus Incentive Fee contract valued at $250,000 (constant FY 1990 dollars)
3) The Brainiac Corp. won a competition to perform 23 months of research and development effort for the Smart Missile program during FY 2010 and FY 2011. The Smart Missile program office funded 11 months of effort with FY 2010 RDT&E funds and 12 months of effort with FY 2011 funds. This action most likely: (select one)
Violated the Antideficiency Act
Violated the Bona Fide Need Rule
Did not violate any fiscal laws
Violated the Misappropriation Act

4) DoD policy requires that obligations be recorded: (select one)
At the time a commitment is recorded or as soon as possible thereafter
No more than 10 days after a legal obligation is incurred
When a procurement request is sent to a contracting officer
No more than 30 days after an invoice is submitted for payment

5. Which of the following is most likely to be involved in the process that results in the National Defense Authorization Act?
Senate Armed Services Committee
Senate Budget Committee
Office of Management and Budget
House Appropriations Committee

6) In mid-June, the GOLIATH program discovers that a Nunn-McCurdy cost breach is expected to occur with respect to its Program Acquisition Unit Cost (PAUC). Over the next three months, the GOLIATH Program Manager will most likely be required to submit: (Select all that…