CIPS L4m3 Commercial Contracting · Free Practice Question Easy
Question 4
Which of the following is a true description about a cost reimbursable contract?
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A
An agreement where the buyer pays the seller for the actual cost only
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B
An agreement where the buyer pays the seller for the actual cost as a fixed price
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C
An agreement where the buyer pays the seller for the actual cost plus based on the number of hours
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D
An agreement where the buyer pays the seller for the actual cost plus the fee as the seller's profit
Reveal correct answer
Correct answer: D
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