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

question 4

Multiple Choice

Which of the following types of contracts involves payment to the seller for the seller's actual costs 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

---

Definitions:

Formal Sanctions

Official and authorized penalties or rewards imposed by a governing body or institution to enforce rules or laws.

Mores

Social norms that are widely observed and have great moral significance, guiding the moral and ethical behavior within a society.

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action for an individual or organization.

Culture Wars

Conflicts between groups with differing ideals, beliefs, and practices regarding cultural, moral, and religious issues.