Which of the Following Would Be an Explicit Agreement of Reimbursement

question 130

Multiple Choice

Which of the following would be an explicit agreement of reimbursement on a contract?

• A) contractor will produce a bill at the end of the contract without having disclose costs
• B) contractor will seek payment for contract without having to submit a bid or disclose a mark-up
• C) contractor agrees with customer before the project begins, on a set price
• D) Contractor will bill the customer based on what the contractor perceives to be the going rate

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Definitions:

Environmental Impact Statement

A document required for projects that may significantly affect the environment, detailing the potential impacts and mitigating strategies.

National Environmental Policy Act

A U.S. environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality.

Emission Trading Scheme

A market-based approach to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants.

Clean Air Act

U.S. federal law designed to control air pollution on a national level by setting emissions standards for industries and transportation to ensure a cleaner, healthier environment.