Governments commonly use what type of contracts when contracting with universities and non-profit organizations for research projects?
A. Written contracts
B. Variable contracts
C. Cost reimbursement contracts
D. Cost sharing contracts
What clause can provide for price increases based on the seller's costs but not on the seller's decision to increase the prices of its products and services?
A. Economic price adjustment
B. Variable-price adjustment
C. Prices and Taxes adjustment
D. Appropriate price adjustment
A pre-contract agreement that merely communicates any agreed-to terms and conditions that will apply when an order is placed by the buyer is known as:
A. Macro agreement
B. Universal agreement
C. Fixed agreement
D. Approved agreement
The pricing arrangements fall into which of the following categories:
A. Fixed-price
B. cost-reimbursement
C. Time-and-material contracts
D. All of the above
occur when the work has not changed, but it costs more than anticipated.
A. Cost Growth
B. Unpredictable cost
C. Extra cost
D. Cost overruns
Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a reasonable profit?
A. Risk avoiding buyer
B. Business professional
C. Risk avoiding seller
D. Technical personnel
The risk avoiding buyer wants to minimize the risk of agreeing to a higher price than necessary to cover the buyer's costs plus a reasonable profit.
A. True
B. False
The range between the extremes of an optimistic and pessimistic prediction about future costs is called range of:
A. Possible costs
B. Final costs
C. Scope costs
D. Limit costs
The solicitation specifications and statement of work contain:
A. Administrative requirements
B. Technical requirements
C. Company policy
D. Pricing contracts
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