In a ____, the Customer Agrees to Pay the Contractor

question 19

Multiple Choice

In a ____, the customer agrees to pay the contractor for all actual costs (labor, materials, and so forth) , regardless of amount, plus some agreed-upon profit.

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

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Definitions:

Elastin

A highly elastic protein in connective tissue that allows many tissues in the body to resume their shape after stretching or contracting.

Pluripotent Stem Cells

Cells that have the potential to differentiate into any type of cell in the body but not extraembryonic tissues.

Embryonic Cells

Undifferentiated cells in the embryo that have the potential to develop into various types of tissues and organs.

Basement Membrane

A thin, dense layer of extracellular matrix that underlies the epithelium and separates it from underlying tissue.