All of the Following Items Are Generally Considered When Selecting

question 12

Multiple Choice

All of the following items are generally considered when selecting the right type of contract EXCEPT:​ 

• A) extent of price competition 
• B) overall degree of cost and schedule risk 
• C) urgency of requirements 
• D) project organization's accounting system

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Definitions:

Breach

A violation or infringement of a law, duty, agreement, or trust.

Nonconforming Goods

Products delivered under a contract that fail to meet the specifications or standards agreed upon.

Revocation

Termination of a contract that occurs when an offeror takes back the initial offer and annuls the opportunity for the offeree to accept the offer.

Accepted

A term indicating that an offer has been agreed upon by all parties involved, creating a binding contract.