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NEW QUESTION: 1
Which type of contract is a hybrid of both a cost-reimbursable and a fixed-price contract?
A. Firm-Fixed -Price Contract (FFP)
B. Cost Plus Award Fee Contract (CPAF)
C. Time and Material Contract (T&M)
D. Cost Plus Incentive Fee Contract (CPIF)
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Time and Material Contracts (T&M). Time and material contracts are a hybrid type of contractual arrangement that contain aspects of both cost-reimbursable and fixed-price contracts. They are often used for staff augmentation, acquisition of experts, and any outside support when a precise statement of work cannot be quickly prescribed. These types of contracts resemble cost-reimbursable contracts in that they can be left open ended and may be subject to a cost increase for the buyer. The full value of the agreement and the exact quantity of items to be delivered may not be defined by the buyer at the time of the contract award. Thus, T&M contracts can increase in contract value as if they were costreimbursable contracts. Many organizations require not-to-exceed values and time limits placed in all T&M contracts to prevent unlimited cost growth. Conversely, T&M contracts can also resemble fixed unit price arrangements when certain parameters are specified in the contract. Unit labor or material rates can be preset by the buyer and seller, including seller profit, when both parties agree on the values for specific resource categories, such as senior engineers at specified rates per hour, or categories of materials at specified rates per unit.
NEW QUESTION: 2
Chad has created a new library and needs to add it to his syndication process. Which of the following statements is correct?
A. He should delete then recreate the subscriber and specify the new library before initial syndication occurs.
B. He should delete then recreate the syndicator and specify the new library before initial syndication occurs.
C. He should add a new library to the syndicator and click the Update button to force the new library to be syndicated immediately.
D. He should add a new library to the subscriber, and click the Update button to force the new library to be syndicated immediately.
Answer: C
NEW QUESTION: 3
You need to update a guests preferences in the guest form.
What should you use?
A. Canvas app
B. Timeline
C. Quick view form
D. Power Bl
Answer: C
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