Question 6 of 144

The pricing arrangements fall into which of the following categories:
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The suggested answer is D.

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Question 7 of 144

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:
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The suggested answer is B.

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Question 8 of 144

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?
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The suggested answer is A.

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Question 9 of 144

Governments commonly use what type of contracts when contracting with universities and non-profit organizations for research projects?
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The suggested answer is C.

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Question 10 of 144

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.
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The suggested answer is A.

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