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ISC2 ISSMP Exam - Topic 4 Question 112 Discussion

In which of the following contract types, the seller is reimbursed for all allowable costs for performing the contract work and receives a fixed fee payment which is calculated as a percentage of the initial estimated project costs?
B) Cost Plus Fixed Fee Contracts
A) Firm Fixed Price Contracts
C) Fixed Price Incentive Fee Contracts
D) Cost Plus Incentive Fee Contracts

ISC2 ISSMP Exam - Topic 4 Question 112 Discussion

Actual exam question for ISC2's ISSMP exam
Question #: 112
Topic #: 4
[All ISSMP Questions]

In which of the following contract types, the seller is reimbursed for all allowable costs for performing the contract work and receives a fixed fee payment which is calculated as a percentage of the initial estimated project costs?

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Suggested Answer: B

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Hyman
2 hours ago
It's B) Cost Plus Fixed Fee Contracts.
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Denae
5 days ago
I’m not so sure about that, could be C too.
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Lizbeth
10 days ago
Totally agree with B, that's how it works!
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Gilma
16 days ago
Wait, is it really B? That sounds too simple!
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Jose
2 months ago
I thought it was A) Firm Fixed Price Contracts.
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Noemi
2 months ago
It's definitely B) Cost Plus Fixed Fee Contracts.
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Nan
3 months ago
I feel like I’ve seen this question before, and I’m leaning towards B as well. The fixed fee part really stands out to me.
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Justa
3 months ago
I’m a bit lost on this one. I thought all cost-plus contracts had similar structures, but I can't recall the difference between B and D.
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Janet
3 months ago
I remember practicing a similar question, and I think it was about reimbursement structures. B seems to fit since it mentions allowable costs and a fixed fee.
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Matthew
3 months ago
I think the answer might be B) Cost Plus Fixed Fee Contracts, but I'm not entirely sure about the specifics of how the fees are calculated.
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