The solicitation specifications and statement of work contain:
B
The range between the extremes of an optimistic and pessimistic prediction about future costs is
called range of:
A
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.
B
Who avoid the risk of agreeing to the price that may not cover its actual performance costs or allow a
reasonable profit?
C
____________ occur when the work has not changed, but it costs more than anticipated.
D
The pricing arrangements fall into which of the following categories:
D
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:
B
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
Governments commonly use what type of contracts when contracting with universities and non-
profit organizations for research projects?
C
The cost-plus-a-percentage-of-cost contract provides for the seller to receive reimbursement for its
actual cost and a profit component, called __________, equal to some predetermined percentage of
its actual costs.
A
Which of the following has the fundamental purpose to motivate desired performance in one or
more specific areas?
A
Those incentives that use predetermined formula-based methods to calculate the amount of
incentive, either positive or negative, in one or more designated areas are called:
A
Which of the following shows the designated performance area in the objectively-based and
evaluated incentives?
D
Those incentives that use individual judgment, opinions, and informed impressions as the basis for
determining the amount of incentive, either positive or negative, in one or more designated areas
are called:
B
Which of the following shows the designated performance area in the subjectively-based and
evaluated incentives?
C