GAQM APM-001 Exam - Topic 3 Question 96 Discussion

Actual exam question for GAQM's APM-001 exam

Question #: 96
Topic #: 3

A purchase order for a specified item to be delivered by a specified date for a specified price is the simplest form of what type of contract?

ACost-reimbursable

BTime and material

CFixed price or lump-sum

DCost-plus-fixed-fee

Show Suggested Answer

Suggested Answer: C

by Felicidad at Aug 14, 2026, 05:39 PM

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Candra

3 days ago

I think it's C) Fixed price or lump-sum.

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Wilda

9 days ago

I thought cost-plus was simpler, but I guess not?

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Yolande

14 days ago

Fixed price makes the most sense here.

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Tricia

19 days ago

Wait, are we sure it's not time and material?

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Shonda

24 days ago

Totally agree, C is the right answer!

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Ivette

29 days ago

It's definitely a fixed price contract.

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Leonard

1 month ago

I definitely recall that fixed price or lump-sum is the simplest form, especially since it specifies everything clearly.

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Yvonne

1 month ago

I’m a bit confused; I feel like cost-reimbursable contracts could also apply in some cases, but it seems less likely here.

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Angella

1 month ago

I remember practicing a question like this, and I think a purchase order fits best with fixed price or lump-sum contracts.

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Willetta

2 months ago

I think this is about fixed-price contracts, but I'm not entirely sure if it could also be time and material.

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