A(n)_____ Means That If It Costs a Firm More to Build

question 12

Multiple Choice

A(n) _____ means that if it costs a firm more to build an item than it thought,the firm has to cover the higher costs.

• A) Fixed-price agreement
• B) Cost-plus contract
• C) Nondisclosure agreement
• D) Economic order quantity
• E) Caveat emptor

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Definitions:

Extinction Strategies

Methods used to phase out or discontinue products, services, or practices that are no longer beneficial or relevant.

Desirable Behaviour

Actions or reactions of an individual or group that are seen positively by a society or organization, often encouraged to maintain or promote harmony and efficiency.

Positive Reinforcement

The process of encouraging desired behavior by rewarding it, thereby increasing the likelihood of its recurrence.

Work Behaviours

Actions and attitudes that employees exhibit in the workplace, which can affect both their performance and the overall culture of the company.