fbpx

Reply: Free PMP® Exam Sample Question of the Week

Name
E-mail
Your e-mail address will never be displayed on the site.
Subject
Message

Topic History of : Free PMP® Exam Sample Question of the Week

Max. showing the last 6 posts - (Last post first)
6 years 11 months ago #10366

Mary Kathrine Padua

Mary Kathrine Padua's Avatar



Hello everyone! Here is this week's free PMP® exam sample question from the PM Exam Simulator.

In which type of contract is the seller reimbursed for performing the contract work and receives a fixed fee payment calculated as a percentage of the estimated project cost?

A. Cost plus award fee contract
B. Lump-sum contract
C. Cost plus fixed fee contract
D. Cost plus incentive fee contract

HINT: Costs are being reimbursed.

All our questions are updated to the latest A Guide to the Project Management Body of Knowledge (PMBOK® Guide) standard. Stop by at www.pm-prepcast.com/freesimulator and try the PM Exam Simulator free for 3 days. We also offer 110 free questions at www.free-pm-exam-questions.com . We are a Project Management Institute (PMI)® Registered Education Provider.

Answer and Explanation:
The correct answer is C.

In a cost plus fixed fee contract the seller is reimbursed for all allowable costs for performing the contract work and receives a fixed fee payment calculated as a percentage of the initial estimated project costs.

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login