Which of the Following Types of Contracts Involves Payment to the Seller

question 6

Multiple Choice

Which of the following types of contracts involves payment to the seller for the seller's actual approved costs of completed work,plus a fee typically representing the seller's profit?​ 

• A) fixed-price contract 
• B) cost-reimbursable contract 
• C) equitable adjustment contract 
• D) direct cost contract

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Definitions:

Sports Car

A vehicle designed for high speed and performance, often featuring a sleek, compact body and powerful engine for dynamic driving.

Natural Concepts

Mental representations of objects and events drawn from our direct experience, without formal instruction.

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Abstract ideas or mental symbols that are typically associated with corresponding objects, events, or relations in reality.

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Situations or concepts that lack clear, precise limits or distinctions, making them difficult to define or categorize.