Which of the Following Best Explains a Situation Where a Contractor

question 56

Multiple Choice

Which of the following best explains a situation where a contractor agrees to work based on a fixed sum plus extra payments based upon superior performance? 

• A) Fixed sum contract. 
• B) Fixed price contract. 
• C) Contractor commitment. 
• D) Fixed price plus incentive fee contract.

---

Definitions:

Popular Democracy

A form of democracy that seeks to represent the will and interests of the majority of the population through broad participation and policies that benefit the common good.

Revolutionary War

The conflict between Thirteen American colonies and the British Empire (1775-1783), which resulted in the colonies gaining independence and forming the United States of America.

Republicanism

A political belief system based on the concept of citizenship within a republic, where sovereignty is vested in the populace.

Social Hierarchy

The stratification of individuals or groups in a society based on various factors such as wealth, race, education, or power.