Which Pair of Statements Is BEST

question 79

Multiple Choice

Which pair of statements is BEST?

• A)Cost-plus contracts are prone to budget overruns while turnkey contracts are typically underbid by the contractor.
• B)Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically underbid by the contractor.
• C)Cost-plus contracts are prone to a budget surplus while turnkey contracts are typically overbid by the contractor.
• D)Cost-plus contracts are prone to budget overruns while turnkey contracts are typically overbid by the contractor.

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Definitions:

Forecasting

The method of forecasting future occurrences or directions by analyzing present and past data.

Planning Benefits

The positive outcomes, such as increased efficiency, risk mitigation, and goal achievement, that result from effective organizational or project planning.

Organizations

Entities comprised of individuals working together towards common objectives or goals, structured in a systematic manner.

Management By Objectives

A management model that involves setting specific objectives that are mutually agreed upon by employees and management.