When Buying Highly Technical, Few-Of-A-Kind Products Such as Hydroelectric Power

question 80

Multiple Choice

When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general contractors are reluctant to specify a formal, fixed price for the procurement. Therefore, these contractors use __________ to compensate them for any cost overruns.

• A)cost-plus-percentage-of-cost pricing
• B)experience curve pricing
• C)cost-plus-fixed-fee pricing
• D)standard markup pricing
• E)yield management pricing

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Definitions:

Hallucinatory Concept

Involves the experience of perceiving things that are not present or are distorted, often associated with psychotic disorders.

Positive Symptoms

Symptoms that are an excess or distortion of normal functions, such as hallucinations or delusions, often associated with schizophrenia.

Normal Behaviour

Actions or reactions that are within the expected range for a given society or culture, considered typical or average.

Speech and Language

Domains involving the vocal production of sounds (speech) and the rules for combining those sounds into meaningful communication (language).