Question 1
All contracts with U.S. government agencies must comply with the cost accounting standards issued by the SEC.
◦ true
◦ false
Question 2
If the government wants to contract a very large scale project with significant uncertainty about what the final cost will be; often a cost-plus contract is awarded to attract qualified contractors who may otherwise not be willing to accept the risks inherent in a guaranteed bid price.
◦ true
◦ false