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NEW QUESTION: 1
In which direction does application visibility and controller mark the DSCP value of the original Packet in the wireless LAN controller ?
A. in both directron upstream and down stream
B. in one direction, downstream only
C. in one direction upstream only
D. in one direction,either upstream or downstream
Answer: A
NEW QUESTION: 2
A. Option B
B. Option C
C. Option D
D. Option A
Answer: D
NEW QUESTION: 3
Which of the following contract types is described in the statement below?
"This contract type provides no incentive for the contractor to control costs and hence is rarely utilized."
A. Cost Plus Award Fee
B. Cost Plus Fixed Fee
C. Cost Plus Percentage of Cost
D. Cost Plus Incentive Fee
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Answer option C is correct.
Cost Plus Percentage of Cost contracts pay a fee that rises as the contractors cost rise. Because this contract type provides no incentive for the contractor to control costs, it is rarely utilized. The U.S. Federal Acquisition Regulations specifically prohibit the use of this type for U.S. Federal Government contracting.
What is a cost-plus contract?
A cost-plus contract, more accurately termed a Cost Reimbursement Contract, is a contract where a contractor is paid for all of its allowed expenses to a set limit plus additional payment to allow for a profit.
Cost reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred expenses.
Answer option D is incorrect. Cost Plus Award Fee contracts pay a fee based upon the contractor's work performance. In some contracts, the fee is determined subjectively by an awards fee board, whereas in others, the fee is based upon objective performance metrics. An aircraft development contract, for example, may pay award fees if the contractor achieves certain speed, range, or payload capacity goals.
Answer option A is incorrect. Cost Plus Fixed Fee contracts pay a pre-determined fee that was agreed upon at the time of contract formation.
Answer option B is incorrect. In a Cost Plus Incentive Fee contract, a larger fee is awarded for contracts that meet or exceed performance targets including cost savings.
Chapter: Procurement and Project Integration
Objective: Contract Types and Contract Negotiations
NEW QUESTION: 4
The degree of uncertainty an entity is willing to take on in anticipation of a reward is known as its risk:
A. appetite
B. response
C. management
D. tolerance
Answer: A