Which of the Following Is Are) Characteristics of a Fixed-Price

question 10

Multiple Choice

Which of the following is are) characteristics of a fixed-price contract?

• A) Low risk for the customer
• B) The work must be clearly specific and well-defined
• C) The supplier bills the customer for all costs involved in completing the work
• D) The work should be open-ended to allow for adaptation to changing customer requirements
• E) A and B only
• F) None of the above

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