1. Cost realism analysis must be performed in connection with award of all fixed price contracts True or False
2. Proposed “competitive” subcontract supported with adequate competition to determine fair and reasonable price is a common DCAA finding for subcontractor costs. True or False
3. Commercial items are not exempt from the requirements for cost or pricing data and CAS. True or False
4. Using an acceptable estimating system for proposal preparation benefits both the government and the contractor by increasing the accuracy and reliability of individual proposals, and expedite the negotiation process. True or False
5. There are 20 Cost Accounting Standards True or False
6. FAR Part 31 criteria for cost allowabilty include only allocability and reasonable for sufficiency. True or False