The following PMP® exam sample question is taken from The Free PMP Exam Simulator at http://free.pm-exam-simulator.com – The answer is at the very bottom:
In which type of contract is the seller reimbursed for performing the contract work and
receives a fixed fee payment calculated as a percentage of the estimated project cost?
A) Cost–plus-fee contract
B) Lump-sum contract
C) Cost-plus-fixed-fee contract
D) Cost-plus-incentive-fee contract
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The Correct Answer is C.