In a firm fixed price contract, if market prices _____ the stated contract price because of outside factors such as competition, changes in technology, or raw material prices, the _____ assumes the risk or financial loss.
A) rise above….purchaser
B) stay the same….seller
C) stay the same….purchaser
D) fall below….purchaser
E) None of the above.
Correct Answer:
Verified
Q10: In many instances, the alternatives to court
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Q27: Perhaps the simplest method of resolving a
Q42: The _ the term of the purchase
Q57: The _ clause of a contract specifies
Q61: All of the following are important factors
Q63: _ refers to the volatility of pricing
Q66: The _ clause in a contract provides
Q67: The _ clause in a contract ensures
Q83: The _ clause in a contract describes
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