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CIPS Exam L3M1 Topic 2 Question 29 Discussion

Actual exam question for CIPS's L3M1 exam

Question #: 29
Topic #: 2

[All L3M1 Questions]

A 'firm price' and a 'fixed price' are the same thing.

True or false?

ATrue

BFalse

Show Suggested Answer

Suggested Answer: D

The correct answer is to provide services. However, some other secondary factors may come into play. For example, some public sector organisations may be encouraged to boost national prestige eg airports, airlines; or they may be used as job creation schemes.

by Kathrine at Jan 24, 2025, 01:25 AM

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Curtis

4 months ago

The answer is clearly False. Firm price and fixed price? That's like asking if a 'Bazinga' and a 'Bazoodle' are the same thing. *scoffs*

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Reita

2 months ago

Yeah, firm and fixed are two different things for sure.

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Arleen

3 months ago

I agree, they are definitely not the same.

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Rupert

3 months ago

False

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Galen

4 months ago

This is easy, the answer is False. Everyone knows firm price and fixed price are different, right? Or am I missing something here?

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Tu

4 months ago

Hmm, I'm not entirely sure about this one. I better review my notes on pricing terminology before attempting to answer.

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Sue

2 months ago

B) False

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Aleisha

2 months ago

I think they are the same thing.

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Charlene

3 months ago

A) True

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Rebecka

4 months ago

False, definitely false. Firm price and fixed price have distinct meanings in contract law and procurement. This is a trick question!

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Jimmie

2 months ago

B) False

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Lenita

3 months ago

I agree, false. A firm price is subject to adjustment, while a fixed price remains constant.

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Eulah

3 months ago

B) False

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Kanisha

3 months ago

A) True

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Alecia

4 months ago

I think it's false too. A 'firm price' is more flexible than a 'fixed price'.

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Dorsey

4 months ago

I agree with Brent. A 'firm price' and a 'fixed price' have different meanings.

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Lavina

4 months ago

I'm pretty sure a 'firm price' and a 'fixed price' are not the same thing. I'll have to look into the differences between the two.

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Jamal

3 months ago

B) False

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Nan

4 months ago

No, they are not the same thing.

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Rosio

4 months ago

A) True

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Brent

4 months ago

False. They are not the same.

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