There Are Two Types of Contracts

question 35

Multiple Choice

There are two types of contracts:

• A) flat price and cost actuary
• B) fixed price and cost additional
• C) flat price and cost reimbursement
• D) fixed price and cost reimbursement

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Definitions:

High Expectation

A strong belief that something will happen or be the case in the future, often greater than standard norms.

Downsizes

The act of reducing the number of workers in a company as a cost-saving measure or because of restructuring needs.

Core Self-Evaluations

A personality trait which reflects an individual's fundamental assessments about themselves, their abilities, and their control over their environment.

Negative Affectivities

Emotional states or attitudes characterized by negativity, including feelings of distress, dissatisfaction, and pessimism.