1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
taurus [48]
3 years ago
11

Your professor moonlights to make ends meet during the summer months and has a knack for painting houses. You agree to pay $500

over whatever the materials and equipment rental cost for the job and delight in sipping lemonade in the shade watching your poor professor perform under a(n) ________.
A) Time and material contract.
B) Fixed wage contract.
C) Cost-plus contract.
D) Lump-sum contract.
Business
1 answer:
Margarita [4]3 years ago
4 0

Answer: Cost plus contact

Explanation:

A cost-plus contract is a form of contract whereby the contractor is paid for all of its allowed expenses including additional payments in order to allow for a profit.

A cost plus contract is usually used when the quality, delivery time and performance is of more importance than the cost. In cost plus contract, the final cost may be smaller than the fixed cost because the contractors don't usually inflate price and also as a result of lesser price competition.

A cost price contract also gives more room for control and oversight over a contractors work and is also flexible which gives room for specification changes.

You might be interested in
Kaitlin has not had a cigarette in 11 months. she has started running three days a week and is thrilled with her newfound energy
Eva8 [605]
<span>This is the termination step in the "stages of change" model. This step is the final stage, in which the person is assured in the fact that the unhealthy behavior will not relapse. This typically only occurs after having integrated healthy behaviors into one's routine for at least 6 months without a relapse.</span>
7 0
4 years ago
Does anyone know how much smart boards are?
ivanzaharov [21]
Depends on brand. can vary from a few hundred to more.
6 0
4 years ago
Read 2 more answers
Differentiate between a defined contribution pension plan and a defined benefit pension plan. Explain how the employer's obligat
serg [7]

Answer:

Differences Between a Defined Contribution Pension Plan and a Defined Benefit Pension Plan.

With a defined contribution pension plan, the benefit that will accrue to the employee is not known or defined ahead of her retirement.  But the contributions that will be made by the employer and the employee to fund the pension are clearly spelt out.

With a defined benefit pension plan, the benefit (i.e. the monthly payment to the retiree) is stated ahead of the pension time.  It is based on the employee's tenure and salary.  Employees do not contribute to the plan but are entitled to lifetime monthly payments.

Explanation:

The employer and each employee contribute some certain percentages to each worker's individual retirement account (IRA) under the defined contribution pension plan.  Under the defined benefit pension plan, the employer is solely responsible for funding the plan and the employee benefits via a monthly payment from the funding plan during retirement.

3 0
3 years ago
5 elements of Design for Delight?​
Nikitich [7]
Answer: The 5 elements of Design for Delight are going to start out with Delighting people.
4 0
3 years ago
A group of cotton growers in North Georgia and North Alabama pooled their resources to build a cotton gin and storage area for t
GaryK [48]

Answer:

The correct answer is letter "B": Joint venture.

Explanation:

In a Joint Venture, two or more businesses agree to contribute to capital and resources for a common project. Usually, developers, manufacturers, and service providers agree to form a joint venture. If successful, those parties split the profit based on the value of their respective contribution to the joint venture.

5 0
3 years ago
Other questions:
  • Information overload is NOT a barrier to effective communication. True False
    14·1 answer
  • During the recession of 2007-2009, the U.S. economy was experiencing a decrease in home prices and consumer wealth, a credit cri
    10·1 answer
  • In order to build profitable relationship with customers, it is important to decide whom it will serve. It does this by ________
    7·1 answer
  • Bonita Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a
    12·1 answer
  • A business collects data about its market size, consumers’ purchasing power, market competition, similar products, and so on. Th
    13·1 answer
  • Lester's rented some equipment at a cost of $800 for Years 1 through 3 and $900 for Years 4 and 5. Which of these correctly depi
    7·1 answer
  • When cash sales and bankcard sales transactions are recorded in the cash receipts journal, a check mark is placed in the Posting
    7·1 answer
  • What is the total manufacturing overhead for the current product order if the firm uses a plantwide rate based on direct labor-h
    14·1 answer
  • Mrs Blake is paid a weekly wage of $248. During a certain week she worked 5 hours
    9·1 answer
  • A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that th
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!