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:

Human Mind

The totality of cognitive processes and structures associated with thinking, perception, consciousness, and emotions in humans.

Beneath Consciousness

Refers to thoughts or processes that occur without conscious awareness, influencing behaviors and perceptions.

Iceberg

A large mass of ice floating in the sea that has broken off from a glacier or ice shelf.

Personality

The mix of traits or attributes that create a person's unique personality.