Contractors who sell to government agencies would be most likely to use which of the following cost concepts in pricing their products?
A) Variable cost
B) Product cost
C) Total cost
D) Fixed cost

Question

Quizplus · Accepted Answer

Government contracts often require contractors to use total cost, which includes all costs (fixed, variable, and overhead) to ensure transparency and compliance with regulations.

Contractors Who Sell to Government Agencies Would Be Most Likely