This Type of Contract Is a High Risk Contract for the Contractor

question 147

Multiple Choice

This type of contract is a high risk contract for the contractor.

• A) actual price contract
• B) cost-reimbursement contract
• C) fixed-price contract
• D) BAFO contract

Comprehend the impact of globalization on entrepreneurship.

Recognize the demographic and economic trends affecting entrepreneurship.

Identify how information technology supports entrepreneurial ventures.

Discern the types of financing available to entrepreneurs and their characteristics.

---

Definitions:

Psychographics

The study and classification of people according to their attitudes, aspirations, and other psychological criteria, especially in market research.

Potential Profitability

The capacity of a business venture or investment to generate earnings and achieve financial success.

Under-served Markets

Markets or segments that have insufficient access to products, services, or resources, often due to economic or geographic reasons.