Multiple Choice
A contract type that involves payment for the actual cost of the product plus a fee that represents the vendor's profits is called:
A) fixed- price contract.
B) cost- reimbursable contract.
C) time- and- materials contract.
D) incentive- based contract.
Correct Answer:

Verified
Correct Answer:
Verified
Q74: The most common procurement document is the:<br>A)RPM.<br>B)SOW.<br>C)SAP.<br>D)RFP.
Q75: Buyer- conducted performance reviews focus on how
Q76: Among other things, a procurement management plan
Q77: An RFP:<br>A)is unimportant.<br>B)allows buyer and supplier to
Q78: For complete systems that cross functional boundaries,
Q80: Today, hardly any serious systems development is
Q81: The off- the- shelf software industry did
Q82: _costs are the costs incurred by the
Q83: A _strategy is the strategy of selecting
Q84: A _ is a method that is