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If the Cost Estimate Will Be the Basis for Contract

question 17

Multiple Choice

If the cost estimate will be the basis for contract awards and performance reporting,it should be a ____ and as accurate as possible.


Definitions:

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and at least one partner is a general partner with unlimited liability.

Independent Entity

An organization or body that operates independently from other organizations or governments, with its own set of rules and governance.

Data Security

Measures and practices implemented to protect digital data from unauthorized access, corruption, or theft.

Collecting Judgments

The process of obtaining the money awarded by a court decision from the debtor.

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