- Unknown
Wrong Answers:
- Consistent with the terms of the contract
- Allocable
- Consistent with Cost Accounting Standards
- Reasonable
For a contract cost to be considered "allowable," it must meet certain criteria. If the cost does not exceed what a business person would be willing to pay in a competitive environment, which one of the following criteria is met?
Answer:
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ReplyDeleteThank you
DeleteAllocable - a cost can be incurred specificalty lor the contract, lor example, when a contractor buys engines as part a contract to build helicopters for the Army. (ACQ202 Lesson 3.1 slide/page 15
ReplyDeleteDo you have any more answers to ACQ 202
DeleteAllocable according to the test is the incorrect answer. I just used it and got it wrong.
ReplyDeleteThe answer is Reasonable.
ReplyDeleteReasonable is not the right answer
Delete•Consistent with Cost Accounting Standards
ReplyDeleteYou need to read the question. The answer to this question was Reasonable. But there is another question that starts the same way:
ReplyDeleteFor a contract cost to be considered "allowable," it must meet certain criteria. If the cost can be attributed to a specific contract, which one of the following criteria is met?
idk the answer to this one as I answered with consistent with Cost accounting Standards and it was wrong.
I just took the test...
ReplyDeleteFor a contract cost to be considered "allowable," it must meet certain criteria. If the cost does NOT exceed what a business person would be willing to pay in a competitive environment, which one of the following criteria is met?
Answer:Reasonable.
Confirmed
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