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

question 231

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) at-market pricing
• B) experience-curve pricing
• C) cost-plus-fixed-fee pricing
• D) standard markup pricing
• E) yield management pricing

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Definitions:

Marchantia

A genus of liverworts, simple non-vascular plants found in damp habitats, known for its flat, green, branching thallus.

Xylem

Vascular tissue that transports water and mineral solutes upward through the plant body; it contains vessel elements and tracheids.

Phloem

The vascular tissue in plants responsible for the transport of sugars and other metabolic products downward from the leaves.

Vascular Tissue

Transport tissue in plants, consisting of xylem and phloem.