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IIA Exam IIA-CGAP Topic 2 Question 10 Discussion

Actual exam question for IIA's IIA-CGAP exam
Question #: 10
Topic #: 2
[All IIA-CGAP Questions]

________ a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. Where as ________ is a costreimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs:

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Suggested Answer: B

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