The Two Basic Types of Purchasing Contracts Are

question 3

Multiple Choice

The two basic types of purchasing contracts are:

• A)fixed-price and cost-based.
• B)bid-rigged and cost-plus.
• C)cost-zero and fixed-variable.
• D)fixed-quantity and variable-cost.

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Definitions:

American

A term referring to something or someone originating from or related to the United States of America.

British Heritage

The legacy and cultural traditions inherited from Britain, including its history, architecture, and customs.

Indians

A term historically used to refer to the indigenous peoples of the Americas.

Planter Elites

Refers to the wealthy and powerful landowners in agricultural societies, especially in the American South, who owned large plantations and slaves.