Fixed price and incentive type contracts place responsibility for performance and financial risks associated with delay or non-performance on the:

Related MCQs

• Cost reimbursable contracts are equivalent to:
• The evolution of cost accounting took place because of…………………….of financial accounting.
• ……………….cost is partly variable and partly fixed.
• On the basis of ……………… cost can be classified into fixed and variable.
• The __________ specification describes, defines or specifies the goods / services to be supplied. Performance
• Cost accounting has been developed because of………………financial accounting.
• Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.
• __________ is a formal invitation to submit a price for goods and / or services as specified.
• …………………stores organization is adopted to store all the goods at centrally located at on place.
• Under the…………. method of pricing issues, stock is valued at historical price.