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s profit limited?A. Costpluspercentagecost contractB. Costplusfixedfee contractC. FixedpriceplusincentiveD. b and cE. none of the above13. A costpluspercentagecost (CPPC) contract has an estimated cost of $120,000 with an agreed profit of 10% of the costs. The actual cost of the project is $130,000. What is the total reimbursement to the seller?A. $143,000B. $142,000C. $140,000D. $132,00014. A costplusincentivefee (CPIF) contract has an estimated cost of $150,000 with a predetermined fee of $15,000 and a share ratio of 80/20. The actual costs of the project is $130,000. How much profit does the seller make?A. $31,000B. $19,000C. $15,000D. none of the above15. A fixedpriceplusincentivefee (FPI) contract has a target cost of $130,000, a target profit of $15,000, a target price of $145,000, a ceiling price of $160,000, and a share ratio of 80/20. The actual cost of the project was $150,000. How much profit does the seller make?A. $10,000B. $15,000C. $0D. $5,00016. Under what circumstances is it better for a contractor to subcontract?A. The subcontractor possesses special technical and engineering skills that the contractor does not have.B. The work to be subcontracted represents almost all of the overall work effort.C. The subcontractor can perform the work at a lower cost than the contractor.D. all the aboveE. a and c17. Which type of bilateral contract is used for high dollar, standard items?A. Purchase orderB. Request for proposal (RFP)C. Invitation for bid (IFB)D. Request for quotation (RFQ)E. all of them are appropriate18. Which of the following are characteristics of a purchase order?A. A bilateral contract used for low dollar itemsB. A unilateral contract used when routine, standard cost items are required.C. A bilateral contract used for high dollar, standard itemsD. a and c19.