Question: Question 6 (1 point) FIXED PRICE CONTRACTS: If vendor completes the product or service as defined in the contract, they will receive the agreed to

Question 6 (1 point) FIXED PRICE CONTRACTS: If vendor completes the product or service as defined in the contract, they will receive the agreed to price True False unti 21 Question 5 (1 point) At the end of this contract, as the buyer, you would be responsible for all legitimate costs incurred and the amount agreed upon at the beginning Cost-Reimbursement Contracts Firm-Fixed price Fixed price with economic price adjustment Cost-plus fixed fee Question 4 (1 point) The buyer runs risk if the scope costs more than anticipated Cost Reimbursement Contracts Cost Plus Award Contracts Firm-Fixed price Fixed price with economic price adjustment Question 3 (1 point) This type of contract could be used when the manufacturer knows what it takes to complete the job, knows the associated cost and they are confident that they will be able to deliver based on this Cost-plus award Firm-Fixed price Cost-Reimbursement Contracts Fixed price with economic price adjustment 3 Question 2 (1 point) When you are the buyer, this contract type takes on more risk: Cost-Reimbursement Contracts Cost-plus award Firm-Fixed price Fixed price with economic price adjustment

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