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Section 6 Quiz: Finances Copy
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Question 1 of 7
1. Question
When correctly entered the sum of pay activities balance with contract amount.
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Question 2 of 7
2. Question
Pay Activities are the Focal Point of the Contract With many items linked To them, such as: (Select all that apply)
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Question 3 of 7
3. Question
Why should the Contractor use the Contractor Pay Request Worksheet Report and Contractor Action Items for Pay Activities? (Select all that apply)
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Question 4 of 7
4. Question
If the Pay Activities do not balance, there will be a variance. This means financial data will not be passed through to the Government Side.
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Question 5 of 7
5. Question
For Pay Activities, the total of all CLINs do not necessarily have to equal the Contract Amount.
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Question 6 of 7
6. Question
Pay activities are typically imported from the Contractor’s NAS (scheduling package)
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Question 7 of 7
7. Question
Prior to submitting a Progress Payment, who does the Contractor meet with to come to an agreement on the percentage of completion for Pay Activities.
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