Scan QR code or get instant email to install app
Question:
What type of contract poses the greatest risk to the customers?
A
Cost plus.
explanation
Cost-reimbursable, also known as cost plus, is a contract type where the buyer agrees to pay the seller for all actual costs incurred in completing the work, plus an additional amount. Some cost plus contracts pay an additional fixed fee, while others pay an additional award fee or incentive fee. The buyer is the one with the highest risk, since they may have little control over the seller’s spending.
Take more free practice tests for other PMP topics with our pmp practice exam now!
Related Information
Comments
edenegayle
4 years ago
I’m not sure how this app is accurate, simple & effective along with FREE? But I’m so grateful. Getting professional qualifications can be so expensive & daunting to tackle. This test taking, review-type app has been so extremely helpful. The structure of the app is so intuitive. It definitely helps with giving you an understanding of why something is wrong / right & making sure it sticks. Absolutely love it & I'm so grateful.
nikhildv
4 years ago
This app has been a great help, It gives perspective with the answers and that helps you prepare ... thanks for sharing it.
kerbs2CB
4 years ago
This app helped me pass my PMP today. The questions are not exactly as they are on the test but they help you with gaining the knowledge you need to pass the test! And it is free! I would recommend this to anyone studying for the PMP.