A/An _____ contract is designed to provide access to expensive computer networks and software that single companies are unable to afford on their own.
A)time and materials
B)systems
C)firm fixed price
D)cost-sharing
E)evergreen

Question

Quizplus · Accepted Answer

A systems contract is designed to provide access to expensive computer networks and software that single companies are unable to afford on their own. This type of contract allows multiple companies to share the costs of the system and its maintenance. Time and materials contracts are typically used for projects with uncertain requirements, where the contractor is reimbursed based on the time and materials used. Firm fixed price contracts have a set price agreed upon by the contractor and the buyer. Cost-sharing contracts are agreements where multiple parties agree to share the costs associated with a project, research, or development effort. Evergreen contracts are agreements that are automatically renewed unless one of the parties decides to terminate it.

A/An _____ Contract Is Designed to Provide Access to Expensive