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.

---

Definitions:

Interferes

To obstruct or hinder processes or actions, causing disruption.

Biological Approach

A perspective in psychology that explains behaviors, thoughts, and emotions in terms of biological processes, such as genetics, brain chemistry, and anatomy.

Neurotransmitters

Chemical substances that are stored in very tiny sacs within the neuron’s terminal buttons and involved in transmitting information across a synaptic gap to the next neuron.

Theoretical Approaches

Methods or frameworks used to understand, explain, and investigate phenomena within a particular field of study.