Which of the Following Best Explains 'Time and Materials Contracts

Multiple Choice

Which of the following best explains 'time and materials contracts'? 

A)  The buyer agrees to pay the supplier all material costs and employee hours against pre-determined hourly rates and margins for services. 
B)  The buyer agrees to pay the supplier all material costs. 
C)  The buyer agrees to pay the supplier all employee hours against pre-determined hourly rates and margins for services. 
D)  The buyer agrees to pay the supplier all material costs and employee hours.