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GAQM APM-001 Exam - Topic 3 Question 96 Discussion

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?
C) Fixed price or lump-sum
A) Cost-reimbursable
B) Time and material
D) Cost-plus-fixed-fee

GAQM APM-001 Exam - Topic 3 Question 96 Discussion

Actual exam question for GAQM's APM-001 exam
Question #: 96
Topic #: 3
[All APM-001 Questions]

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?

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Suggested Answer: C

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

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Willetta
11 hours 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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