Contract types lump sum - Study guides, Class notes & Summaries

Test Bank for CFIN7 7th Edition by Scott Besley, Eugene Brigham ISBN-13: 5150 Full Chapters test bank includes Multiple choice questions and True false Chapter 1. An Overview of Managerial Finance 1-1. What Is Finance? 1-1a. General Areas of Finance 1-1b. The Importance of Finance in Non-Finance Areas 1-2. Alternative Forms of business Organization 1-2a. Proprietorship 1-2b. Partnership 1-2c. Corpora...

CSI CDT Mock Test Exam Questions And Correct Answers 100% Verified 2024 Update Lump Sum, Unit Price, or Cost Plus Fee constitute the basis of: A. Selection. B. Payment. C. Award. D. Contract. - Answer -B. Payment. The Contract sum may be established by a combination of base bid items including unit prices, allowances & alternates. The payment-administration-process depends on the basis of payment identified in the Contract Documents for various Contract items. While Lump Sum, Uni...

"non-par" - policy makers don't get dividends (because they aren't owners) "par" - policy makers get dividends (because they are owners) 10 year endowment (homeservice) - whole life policy with a small face value and a short maturity date; once policy matures, owner will receive the face value 1035 exchange - In accordance with section 1035 of the Internal Revenue Code certain exchanges of life insurance policies and annuities may occur in a nontaxable exchange - When a cash value li...

AIC Exam Chapter 3 Management Concepts Questions & Answers 2024 Which of the following is a fundamental element of a contract? A.exchange of money B. revised scope of work C. time extension D. mutual acceptance - ANSWERSD. mutual acceptance Which of the following contract types is generally considered to have the most risk for the contractor? A. lump sum B. unit price C. cost plus D. cost plus with GMP - ANSWERSA. lump sum Which of the following contract types is best used i...

CISR LIFE & HEALTH Exam 52 Questions with Answer The first step in understanding the elements of a life insurance contract is being able to: A) describe the personal and specific reasons people purchase life insurance B) describe the different parties to a life insurance contract and their relationship - CORRECT ANSWER B) describe the different parties to a life insurance contract and their relationship A policy owner has the power to: A) Name one or more beneficiaries B) Change th...

AIC Exam 2 Which of the following is a fundamental element of a contract? A. Exchange of money B. Revised scope of work C. Time extension D. Mutual acceptance D. Mutual acceptance Which of the following contract types is best used if the scope is defined but not the quantities of material? A. Lump Sum B. Unit price C. Cost plus D. Cost plus with GMP B. Unit price Which delivery method is the construction administrator most like a consultant? A. Lump Sum B. CM Agency C. CM at Ris...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Web-based contracting correct answers provides an environment supporting scheduling, controlling, regulating, analyzing, and auditing the procurement and delivery of materials and services for construction in an electronic format. construction managers supervise contracts with: correct answers Subcontractors Specialty firms Labor unions Equipment vendors Materials vendors Major Construction Contract Types correct answers Competitively Bid Contracts Stipulated Sum Contracts Unit Price...

Construction Contracts Test Questions with All Correct Answers Contract Types: Lump-Sum - Answer-contractors agrees to perform a stipulated job of work in exchange for a fixed sum of money extra costs are taken out of contractors pocket be sure and have contingency funds owners prefer Contract Types: Unit-Price - Answer-based on estimated quantities of defined items of work and costs per unit amount of each of these work items total sum of money paid to contractor for each work...

elements of a legal contract 1. Agreement - offer and acceptance 2. Consideration 3. Competent parties 4. Legal purpose aleatory contract a contract where the values exchanged may not be equal but depend on an uncertain event Unilateral Contract only one of the parties to the contract is legally bound to do anything. The insured makes no legally binding promises. conditional contract Requires that certain conditions must be met by the policyowner and the company. ...