Which example describes the use of a Time and Materials contract?A homeowner pays a landscaping company an hourly rate to install plants he purchases from them.A homeowner hires a landscaping company at a set price to design, provide, and install new plants in his front yard.A homeowner pays the same monthly fee to a landscaping company regardless of how much work they perform.A homeowner pays a landscaping company for plants that were delivered to his home.

Which is an example of Units/Time?Two resources are assigned to an activityResource earns $20/hourResources can work on weekendsResource works 8 hours/day

Kyle and his team are determining the resources needed for a project that involves using cats in a video.Which of the following elements would a project manager negotiate for a material contract?a.)Complete the voiceovers for the videos using existing staffb.)Contact a clothing company to provide pet wardrobesc.)Pay a pet handler by the hour to dress and accessorize the petsd.)Use a web design firm to update the website for a flat fee

The value of a business owner's time is an example ofGroup of answer choicesan opportunity cost.a fixed cost.an explicit cost.total revenue.

_____ 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

When Myrtle comes home from work one evening, she finds that her yard has been mowed and trimmed. Later, a man comes to collect for the yard work done. Myrtle refuses to pay for the work since she has never seen the man before and did not hire him to do her yard work. Which of the following answers is most accurate?a.Myrtle would not have to pay for the yard work.b.This is an implied, unilateral contract and she must pay the price requested by the man.c.The court would order Myrtle to pay the reasonable value of the yard work because of the benefit conferred on her.d.This is an express, voidable contract that either party may avoid.