A _____ Contract Should Be Used in Cases Where the Parties

question 51

Multiple Choice

A _____ contract should be used in cases where the parties cannot accurately predict labor or material costs and quantities to be used prior to the execution of the purchase agreement.

• A)fixed-price with escalation
• B)firm fixed price
• C)cost sharing
• D)cost-based
• E)fixed-price with redetermination

---

Definitions:

CSF

Cerebrospinal Fluid, a clear, colorless bodily fluid that fills the brain's ventricles and surrounds the central nervous system, acting as a cushion and participating in nutrient transport and waste removal.

Ventricles

Cavities within the brain that produce and contain cerebrospinal fluid, which helps protect and nourish the brain.

Frontal Lobe

The largest of the four major lobes of the brain, located at the front of each hemisphere, involved in voluntary movement, expressive language, and managing higher level executive functions.