Multiple Choice
Under this type of contract,a payment or reimbursement is made to seller to cover the sellers direct and indirect costs along with an additional fee added on as a profit to the seller.
A) Cost-Reimbursable contract
B) Time and Materials contract
C) Fixed Price/Lump Sum contract
D) Cost-Penalty contract
E) Time-Reimbursable contract
Correct Answer:
Verified
Correct Answer:
Verified
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