Exam (elaborations)
Certified Federal Contracts Manager (CFCM) | 271 Questions with 100% Correct Answers | Verified | Latest Update | 45 Pages
- Course
- Institution
A cost is reasonable if, in its nature and amount, it does not exceed - that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - after the incurrence of the costs involved. Under the Assignment of Claims Act, a contrac...
[Show more]