If Controlling the Level of Military Expenditures Is the Most

question 34

Multiple Choice

If controlling the level of military expenditures is the most important goal,the most appropriate type of procurement contract would be _____.

• A)fixed fee
• B)cost plus fixed fee
• C)cost plus percentage fee
• D)cost plus incentive fee

---

Definitions:

Tax

A required monetary fee or different kind of tax levied on a taxpayer by a government entity to finance government operations and a range of public expenses.

Buyers

Consumers or organizations that acquire products or services for direct use or ownership.

Sellers

Individuals or entities that offer goods or services for sale in a market.

Deadweight Loss

The reduction in economic productivity that happens when a market for a product or service fails to reach or cannot reach equilibrium.