Which vendor fraud principle leads to $1,000 toilet seats?

Name: Which vendor fraud principle leads to $1,000 toilet seats?
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Cost-plus billing is a vendor fraud principle where the vendor charges a percentage markup on the cost of goods or services provided. This markup can lead to inflated prices, such as $1,000 toilet seats, as there is no incentive for the vendor to control costs since they will always receive a markup on their expenses.

Which Vendor Fraud Principle Leads to $1,000 Toilet Seats