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Exam CSCP All Questions

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Exam CSCP topic 1 question 700 discussion

Actual exam question from APICS's CSCP
Question #: 700
Topic #: 1
[All CSCP Questions]

Which of the following types of contract tends to give both the buyer and seller some flexibility in that it allows for deviation from performance?

  • A. Fixed-price contract with escalation
  • B. Fixed-price contract with incentives
  • C. Fixed-price contract with economic price adjustment
  • D. Fixed-price contract with award fee
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Suggested Answer: B 🗳️

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yassernaga
7 months, 3 weeks ago
B: In a fixed-price contract with incentives, the contract includes additional performance-based incentives or bonuses for meeting or exceeding certain performance criteria. These incentives can provide flexibility by motivating the seller to perform beyond the minimum requirements specified in the contract, thus potentially exceeding expectations and providing additional value to the buyer. Therefore, option B can indeed provide both the buyer and seller with some flexibility, allowing for deviation from performance.
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Rajiv8047
1 year ago
Selected Answer: D
A fixed-price contract with an award fee includes provisions for a base fee and an additional award fee. The award fee is based on the buyer's evaluation of the seller's performance, typically in terms of meeting certain subjective performance criteria.
upvoted 1 times
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ljoh11
1 year, 1 month ago
Selected Answer: B
Fixed Price Incentive Fee Contracts (FPIF) gives the buyer and seller some flexibility in that it allows for deviation from performance, with financial incentives tied to achieving agreed upon metrics. B is correct.
upvoted 1 times
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[Removed]
1 year, 2 months ago
Selected Answer: B
B is correct
upvoted 2 times
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CSPark000
1 year, 5 months ago
Selected Answer: C
C is more reasonable.
upvoted 1 times
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A (35%)
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B (20%)
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