_____ contracts involve payment to the supplier for direct and indirect actual costs and often include fees.Group of answer choicesCost-reimbursableFixed-price incentive feeLump sumFirm-fixed-price

In a(n) _____ contract, the buyer pays the supplier for allowable performance costs along with a predetermined fee and an incentive bonus.Group of answer choicesFirm-fixed price (FFP)Cost plus percentage of costs (CPPC)Fixed-price incentive fee (FPIF)Cost plus incentive fee (CPIF)

For make-or-buy decisions, relevant costs include:Group of answer choicesdifferential costs plus fixed costsincremental costs plus differential costsincremental costs plus sunk costsincremental costs plus opportunity costs

In a principal/agent relationship for contracts with customers, the pre-determined fee or commission for services is earned by the:Group of answer choices

________ pricing is a very simple approach. A company figures out how much it costs to make a product or deliver a service and then sets the price by adding a profit to the cost.Group of answer choicesprice basedrevenue basedexpensecost based

From the buyer’s perspective, the _____ is the least desirable among all contracts because the supplier has no incentive to decrease costs.Group of answer choicesCost plus award fee (CPAF)Cost plus incentive fee (CPIF)Cost plus percentage of costs (CPPC)Cost plus fixed fee (CPFF)