1: The cost actually incurred and recorded in accomplishing the work within a given time period is called the: (a)Cost Variance. (b)Budget at Completion (c)Actual Cost of work performed (d)Budgeted Cost for work performed

2: To trigger a formal schedule or cost performance analysis, the program office establishes: (a)Variance thresholds (b)Scheduled review points (c)End of contract assessments (d)Periodic depending on performence achevement

3: The most important and critical part of earned value is: (a)The accurate determination of the actual cost of the work performed (b)A realistic approach to work package planning and BCWS values for milestones (c)The use of a computerized system collecting data and calculating performance (d) The determination of cost performance compared to the originally developed plans

4:  _____ is responsible for evaluating the reasonableness of the offered prices. (a)Contracting officer (b)Price analyst (c)Engineer (d)Contract auditor (e)None of the above

5: Cost estimates are submitted by contractors in connection with: (a)Modification and change proposals (b)Prices of spare parts (c)Rates for time and material contracts (d) estimated and final costs of cost type contracts (e) All of the above