IIA-CGAP practice question 12 of 35

___________ is a contract for a supply that does not procure or specify a firm quantity of supplies (other than a minimum or maximum quantity), and…

Full set: 327 questions
___________ is a contract for a supply that does not procure or specify a firm quantity of supplies (other than a minimum or maximum quantity), and that provides for the issuance of orders for the delivery of supplies during the period of the contract. Where as _________ is a contract that may be used to acquire supplies and/or services when the exact times and/or exact quantities of future deliveries are not known at the time of contract award.
Answer options
A: Delivery order, indefinite quantity Correct answer
B: Cost-plus-fixed-fee is, Cost-plus-incentive-fee
C: Cost-reimbursement, Cost sharing
D: Cost-plus-incentive-fee, Cost sharing
Correct Answer:
A. Delivery order, indefinite quantity
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