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168 Cards in this Set
- Front
- Back
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What is the "Contract" between the technical school and field personel that is used to develop training courses called? |
CFETP |
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What information is provided in Part II of the Career Field Education and Training Plan(CFETP)? |
Duties, tasks, and references |
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The purpose of a Utilization and Training Workshop (U&TW) is to |
develop and new training standard to accommodate changes in the field |
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When you as a supervisor, schedule a goal oriented plan for subordinate training, it builds confidence for the trainee |
achieving each particular goal
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The success of any on-the-job training program is determined by the |
trainer and trainee |
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The human brain processes visual 400,000 times faster than text; when the brain is exposed to a presentation, how much visual information does it retain? |
55 percent |
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Air Force members fulfill the trust placed in them by the American people in being entrusted with public funds by following basic principles of |
ethical conduct |
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When you follow the core concepts of governmental ethics you know what you must not use public office for your own, or another's |
private gain |
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when you want to nominate someone for an Aces High award, who would you consider eligible? |
Anyone except CMSgts |
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The format for an Aces High award is a cross between the nominee's biography and a commendation medal; it also contains |
Career background and accomplishments |
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The Secretary of the Air Force/Financial Management (SAF/FM) and your major command(MAJCOM) functional area manager created this item that would help you determine on which items to train? |
Unit type code (UTC) task listing |
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The Comptroller Contingency Familiarization Course (CCFC) is divided into how many sub-courses? |
Two |
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Individuals complete the advanced Comptroller Contingency Familiarization Course (CCFC) when they are |
within 90 days of their AEF |
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Silver Flag provides hands-on, paying agent training to |
noncommissioned officers |
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During the initial force build-up, the deployed comptroller team's primary responsibility is to |
Yyyy |
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A designator determining detailed manpower and logistical support requirements that describes necessary personnel, skill levels, numbers, and equipment required for deployment is called |
unit type code |
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What term best describes a standard passenger and equipment movement requirement for each unit type (UTC) that is worldwide deployable? |
LOGDET |
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Air & Space Expeditionary Force unit training code reporting tool (ART) assesments are based on the capability defined by the |
MISCAP |
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The unit manning document (UMD) reflects the number of authorized personel in the unit within each |
Air Force Specialty |
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The unit personnel management roster (UPMR) lists available positions, personnel assigned, and |
Projected Gains and Losses |
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How are differences in operating conditions such as a geographically separated unit categorized in the Air Force Manpower Standard (AFMS) 151A, Financial Management Manpower Standard? |
Environmental variance. |
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The Management Control Program (MCP) is structured to meet the requirements of the |
Federal Managers' Financial Integrity Act |
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Which task is NOT a step in the implementation of the Managent Control Program (MCP) Process |
propose vulnerability assesments |
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The general assessment of the effectiveness of an organization's management controls is termed a |
statement of assurance |
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Which Air Force management level must maintain adequate documentation of the Management Control Program (MCP) activity? |
ALL levels |
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A condition that has a significan negative impact on an organization's management control objectives is |
a material weakness |
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Who proides andministrative oversight of the Quality Assurance Program (QAP)? |
Quality assurance manager (QAM) |
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the quality assurance manager (QAM) periodically examines all financial management activities to determine |
the effectiveness of procedures |
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The quality assurance plan (QAP) hlps the quality assurance manager (QAM) |
stay organized |
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How often should perfomance indicators be reviewed to determine their continued adequacy in relating mission performance to management? |
Annually |
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In relation to the self inspection program, the quality assurance manager (QAM) |
oversees the progress for completion of self-inspections |
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An important element of management controls and the Quality Assurance Program (QAP) is |
the ability to cross-feed problem areas |
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In the quality Assurance Program (QAP), duplicated effort can be eliminated by |
reviewing cross feed. |
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within the financial management and comptroller organization, direct oversight of the fraud prevention program is the responsibility of the |
quality assurance manager (QAM) |
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who is directly responsible for a semiannual audit of pay record of all personnel with access to the Defense Joint Military Pay System? |
Financial Service Office (FSO) |
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Who conducts a compliance review upon receipt of a negative cross-feed report? |
Quality assurance manager (QAM) |
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After answer TES or NO to a question on a self-inspection checklist, what should you do next? |
Explain your answer |
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Under the Air Force Audit Program, auditors do not preform line, staff, or other collateral duties that |
impairs their independence |
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Comparison of different dollar amounts received or paid out during different periods are allowed through present value calculations, what allows present value of future cash flows to be determined? |
Discounting |
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In order to determine the period to consider when conducting an economic analysis (EA) you need to know the project lead-time and the |
economic life |
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If economic life is the number of years the airforce will recieve benefits from a program of project then what provides the number of years a facility of piece of equipment will be available for use before it wears out |
Physical life |
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an economic analysis (EA) is not required when |
the cost of conducting the analysis clearly outweigh the benefits |
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all energy projects, including lease0versus0buy decision, are estimated using |
constant dolalrs |
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an economic analysis (EA) is not required for military constructions, military family housing, or real property maintenance when the |
project corrects problems or violations involving health or safety |
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identify the process of formally collecting data, document facts, making predicitions, and analyzing results? |
needs assesment |
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what is considered the most important step in economic analysis? |
defining objectives. |
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identify the step cost/benefit configuration under the comparing and ranking alternatives step that is the most useful and interesting for an investigation? |
unequal cost/unequal benefits. |
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sensitivity analysis is preformed in which step of the economic analysis process? |
evaluating uncertainties |
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which step of the business case analysis (BCA) describes a clear and concise description of the methodology |
approach |
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what step in a business case analysis (BCA) captures the entire BCA in brief? |
executive summary |
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What is typically negotiated between the buyer and seller? |
Market Price |
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The determination of the actual or estimated cost of spending options is |
cost analysis |
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Which activity of cost analysis is used to help decide whether to commit funds to a project? |
Comparative Studies |
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Which is the most crucial step of the analysis |
Collect and evaluate the data |
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of the seventeen terms used in cost analysis which one is also be called 'then-year' dollars? |
current year dollars |
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the process of using the discount rate to determine the present value of costs and benefits is called |
discounting |
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which cost analysis term refers to the expected value of an asset at any point in time before the end of its economic life |
residual value |
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which step identifies all of the outputs for which activities are preformed and resources consumed by an activity |
three |
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under which step of activity based costing does an activity drier assign activity cost to outputs based on individual outputs consumption or demand for activities |
four |
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when speaking of operational risk management (ORM) accept risk when benefits |
outweigh the cost |
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which principle of operational risk management (ORM) notes that all air force missions and daily routines involve risk |
accept no unneccessary risk |
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which step of the operational risk management (ORM) process includes ranking the hazards? |
two |
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which step of operational risk management (ORM) has you determine what impact each control will have on the risk and prioritize the controls to reduce risk to an accept |
analyze control measures |
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In what step of operational risk management (ORM) do you notify the next level in the chain of command if the controls cannot be implemented directly by the decision maker or if the cost outweighs the benefits? |
make control decision |
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when analyzing data how many possible reasons are there for a relationship between variables |
four |
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how many assumptions are made when using a simple linear regression (SLR) model? |
six |
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of the assumptions made when using the simple linear regression (SLR) model, identify the one that is not an assumption |
the independent variable has an error |
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a commercial activity is defined as an activity that |
provides a product or service that could be obtained from a commercial source |
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according to the air force instruction (AFI) 38-203, commercial activities program, air force policy on commercial activities is to |
rely on the commercial sector |
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when conducting an independent review of cost comparison, Financncial analysis personnel review the |
PWE, MEO, and COMPARE CCF only |
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What caused a division in the discipline of accounting? |
The diversity of interested parties. |
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Which type of accounting is concerned with external reporting to parties outside a company |
Financial |
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What type of behavior is expected of accountants? |
ethical |
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how often is obligation authority given |
quarterly |
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Primarily what type of documents are the Operating Budget authority Document (OBAD) and the Budget Authoirity/ Allotment DOcument (BA/AD) |
Control |
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Before the issuance of allotments and operating budgets to base level which of these begin with the appropriation act |
Funding authoity limitations Distribution of funds |
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What is the second step you take when interpreting funding gudiance |
closely review the amounts to determine period of availability |
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What is the first thing you look at when interpreting your annual funding |
operating agency code / operating budget accoutn number |
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Which of the three restraints on a funding document contains a floor limitation? |
line-item |
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The standing and prestge of the united states when extending official courtesies to dignitaries and foreign countries must be paid by using |
official representation of funds (ORF) |
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The executive plan (EP) requires what type of contribution from personnel at every organization?
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Corporate knowledge and expertise |
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Prior-year data in the executive plan (EP) should match expense data recorded in the accounting records on 30 september and the |
actual obligation data |
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What office prepares the supporting documentation for reimbursement of utilities? |
Civil Engineer Squadron (CES) |
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How is the requirement for additional land usually accomplished? |
Lease |
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Which category is not one of three categories of analysis preformed in computing the flying hour program? |
CPFH |
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The cost of flying hour rates are based on thte |
AFCAIG
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The process of collecting and reviewing data to identify patterns is called |
trend analysis |
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When starting a program analysis the first thing you should do is |
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The Financial Working Group (FWG) is reponsible for participating in the development of requirements for the base execution polan as well as doing what else? |
Presenting their organizations on matters concerning distribution of quarterly and annual operating budget targets |
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What describes Financial Management's (FM) war fighting role? |
AFDD 2-4 |
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What type of control do combatant commanders (COCOM) retain over the forces assigned to them |
Operational |
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What type of support is considered a host nation support (HSN) tool? |
Acquisition and Cross-Service Agreements |
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What statement is true about the feed and forage act |
Authority conferred by the feed and forage act is contract authority only |
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What statement is correct regarding the management of an Air Force Form 616, fund cite authoirization? |
Amounts cited represent targets and are not an adminstrative subdivision of funds |
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Much like a checkbook the air force form 616, fund cite authorization, must be balanced with the |
requesting activitiy |
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When would you procure foreign currency at the best rate available? |
State departments procedures are not established |
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you must send your disbursing officers (DO) a signed original and duplicate SF 1149 upon closing your regarding limited depository account (LDA) and at the |
end of each accounting month |
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Once an organization requests a purchase of services and supplies, what comes next? |
an order or contract needs to be prepared |
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What is done after a call is received from blanket urchase agreement (BPA) |
Matchup the call with the corresponding AF form 9 |
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Once an organization requests a purchase of services and supplies, what comes next? |
Am order or contract needs to be prepared |
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Which is not an authorized purchase for Air FOrce form 15 or AF form 315? |
Lodging services when military facilities are not available |
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What is the next thing that's done after the technician approves the payment template? |
Produce an updated template report |
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Who is normally in charge of the disbursig office |
DDO |
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When do cash authorities become effective? |
October 1 and April 1 of each ear |
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to ensure the designated cashiers are of unquestionable integrity the disbursing officer (DO) will |
interview the individual |
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What form is used as a receipt for cash and vouchers on hand |
DD 1081 |
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What form depicts a continuous picture of transactions affecting liabillity? |
DD 2665 |
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Agents complete turn-ins of original documents with supporting attachments at least |
monthly |
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How would your disbursing officer (DO) prefer that you get your package to them> |
Deliver in person |
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What distingquishes a brieging from other types of speaking |
brevity |
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when you provide the available balance and total obligations in a slide presentation, do so on |
one slide |
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WHen is the listing of all debts that are not collected promptly compiled by defense finance and accounting service-Indianapolis (DFAS-IN) |
March and September |
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Who declares essential station messing (ESM) |
MSG commander |
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WHat format identifier (FID) is used to pay basic allowance housing-I (BAH-I) |
68 |
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Which office certifies the Air Force Form 594, Application and authorization to start,stop,or change basic allowance for quarters or Dependency Redermination, for an approved claim |
FSO |
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what office will normally process the program elements transaction for deceased members? |
FSO |
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How long does the financial services office (FSO) have to send the completed SF 1174 to Defense Finance and Accounting Service 0 INdianapolis (DFAS-IN) |
Five Duty Days |
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Procedures for requesting advanced comptroller general decisions are found in |
DODFMR Vol. 9. |
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When a claimant contests a decision, financial services office (FSO) personnel should |
brief the claimant on procedures and assist as neccessary |
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What is included in the doubtul claim transmittal |
Base research |
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What does the systematic approach of EA reduce? |
Reduces incedents oof serious ommisions and personal bias |
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what do resent-value calculations allow |
comparison of different dollar amounts paid and different time periods |
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what does discounting determine |
present value of future cashflow |
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Under the concept of discounting what must first be understood |
philosophy of time value of money |
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what is interest and interest rate |
Interest is the money recieved over time Interest rate is the fraction rate of return |
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How Can money accumulate on a single payment? |
Simple or Compound |
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What is the preferred method to depict the value of money over time |
compound interest |
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When should an EA be prepared? |
1M initial 250k annual told too |
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List the conditions when an EA is not required |
Cost outweighs benefit told to exempt |
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What should we remember as we review different types of EAs? |
Only as good as the analysis
cost isnt king asses both monetary and non monetary |
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which part of economic analysis states specifically what must be done
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Defining objectives |
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which part of economic analysis involves finding alternative methos of meeting the obective |
Determining alternitives |
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which part of economic analysis involves a "given" opposed to a fact |
Formulating assumptions |
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which part of economic analysis is the most time-consuming step |
determining cost and benefits
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which part of economic analysis tests one proposal against another |
comparing and ranking alternatives
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which part of economic analysis tests the sensitivity of the analysis |
evaluating uncertainties |
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what are the three primary reasons that BCA's are preformed within the air forece? |
Stakeholder decision tool AFI 65-509 Create reference doc to creat/support agrements |
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a BCA presents a case for what? |
Choice of action? |
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The executive summary summarizes the entire BCA brief, what does the introduction provide? |
Backgrond summart/history |
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What is the term used for the type of cost that will not be incurred under the alternative that would otherwise have been incurred if it were not implemented? |
cost avoidance |
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what tye of plans is also included in the implementation or action plan? |
funding plan |
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What can be determined when we combine the law of sipply and demand? |
Price sellers will sell and buyers will buy |
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At base level, what products may comparative studies prduce? |
Capital investment analysis program analysis Economic analysis |
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why should you adequately define and document your analysis when preparing cost estimates for air force budget input
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Cost estimates are primary supporting agruments |
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What does an analyst establish during the first step of cost analysis |
Establishes definitions, ground rules, identifies assumptions and constraints |
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what step is often referred to as nuber crunching |
prepare cost estimate |
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What is average cost er year for a given alternitive |
uniform annual cost |
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What is expected value of assets at the end of their economic life
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terminal value
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What is value of things used or expended |
cost |
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What is interest rate used to calculate the present valu |
discount rate |
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What is measure of an alternative's value in either dollars or other forms |
benefit |
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What is expected value of an asset at any point in time before the end of its economic life |
residual value |
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What is net value of a flow of funds |
present value |
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what step in the ABC process includes tracing? |
assign resources to activities cost |
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what does ABC improve |
operational efficiency and decision makign |
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what can skewing an analysis cause |
losing the insight into issues that need to be indentified |
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what is the goal of risk management |
maximize combat capability |
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to what should all potential benefits be compared |
potential cost |
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why must we continually verify risk are still valid |
some go away or change in character |
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why do we analyze data |
to find a relationship with variables |
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why should you use an SLR model when analyzing costs
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cost vary in linear fashion curvilinear and exponential functions sample size |
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what is the difference between in-house and contract |
military & civ vs contractor |
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what are the policies on commercial activities |
Assure mission accomplishment keep gov functions in house rely on commercial sector permit interim inhouse achieve economy |
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what four documents make up the cost comparison documentation |
preformance work statement QAS MEO CCF |
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what does PWS describe |
the preformance requirements of teh activity |
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what does MEO determine |
the requirements for all civillian work force |
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what does the independent review give the air force |
assurance you prepared cost estimates according to existing directives |
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q |
q |
