Which of the Following Is True About Fixed Price with Price

question 45

Multiple Choice

Which of the following is true about fixed price with price adjustment contract?

• A) It is used for short projects.
• B) It provides an incentive for performing on the project above the adjusted baseline in the contract.
• C) The most common use of this type of contract is the inflation adjusted price.
• D) In this contract, the organization agrees to pay the contractor for the cost of performing the service.
• E) It requires good documentation of the costs that occurred on the project.

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Definitions:

Hispanics

A demographic group in the United States and other countries, often characterized by a heritage, language, or culture related to Spain or Spanish-speaking Latin American countries.

Foreign-Born Noncitizens

Foreign-born noncitizens are individuals born outside of a given country who have not acquired citizenship by naturalization within that country.

Income Inequality

The uneven distribution of income within a population, where some individuals earn significantly more than others.

Social Security Act

A law enacted in 1935 in the United States to provide for the general welfare by establishing a system of federal old-age benefits, and by enabling the states to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws.