QUESTION 2 rue /False Questions 6x0.5-3 POINTS Target cost or estimated cost is

Question

QUESTION 2 rue /False Questions 6x0.5-3 POINTS Target cost or estimated cost is a level of cost that the co most likely obtain under normal performance co Conduct Procurement is the process of g a seller, and awarding a contract. obtaining seller responses, selectin The Point of Total Assumption (PTA) is the cost at which the contrac assumes total responsibility for each additional dollar of contract cost. 4- ) Outsourcing permits multiple simultancous projects by providing acc 5soW can include specifications, quantity desired, quality levels, to quantities of resources. performance data, period of performance, work location, and other requirements. 6-) Control Procurements involves monitoring payments to the seller.

Explanation / Answer

1) The correct choice is True

Explanation : - The target cost serves as a basis for measuring the true cost at the end of production or development.

2) The correct choice is True

Explanation : -  Conduct procurement is a part of the executing process where we gather sellers' proposals, evaluate, negotiate and ultimately pick a seller using previously determined criteria.

3) The correct choice is false

Explanation : - The Point of Total Assumption (PTA) is the point in the contract where a subcontractor assumes responsibility for all additional costs.

4) The correct choice is True

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