A ____ Contract Has the Least Amount of Risk for the Buyer

question 23

Multiple Choice

A ____ contract has the least amount of risk for the buyer.

• A) firm-fixed price
• B) fixed-price incentive
• C) soft-fixed-price
• D) contingent-fixed

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Definitions:

Competitiveness

The ability of a company, country, or product to compete effectively and successfully in the market.

Organizational Culture

A pattern of shared norms, rules, values, and beliefs that guide the attitudes and behaviors of its employees.

Norms

The informal rules of a team’s behavior that govern the team.

Values

Core principles or standards of behavior that are considered important by an individual or group in terms of guiding their actions and judgments.