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IIA Exam IIA-CGAP Topic 5 Question 9 Discussion

Actual exam question for IIA's Certified Government Auditing Professional exam
Question #: 9
Topic #: 5
[All Certified Government Auditing Professional Questions]

_________ is a contract that provides for payment of allowable incurred costs to the extent prescribed in the contract. Where as ___________ a cost-reimbursement contract in which the contractor receives no fee and is reimbursed only for an agreed-upon portion of its allowable costs:

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Suggested Answer: C

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