Unit Cost Payments Are

question 22

Multiple Choice

Unit cost payments are

• A) often used for highway work
• B) never a good way to get a fair price
• C) used when the Architects do not know what they want
• D) another form of Time and Material billing

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Definitions:

Standards

Established and widely accepted benchmarks or criteria within an industry or field that act as a framework for determining quality, performance, or compliance.

Ethical Financial Decisions

Choices related to finance that are made with consideration of moral principles and values, aiming to ensure fairness, transparency, and integrity.

Staff Turnover

The rate at which employees leave a company and are replaced by new hires, affecting an organization's continuity and resource allocation.