A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?
A. Cost-reimbursable
B. Time and material
C. Fixed price or lump-sum
D. Cost-plus-fixed-fee
Answer:C
A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?
A. Cost-reimbursable B. Time and material C. Fixed price or lump-sum D. Cost-plus-fixed-fee