Even for fixed-price contracts, cost visibility to the National Stock Number (NSN) level is essential to allow the Service to balance future revenue and sales. True or False?
Understand the Problem
The question asks whether cost visibility to the National Stock Number (NSN) level is essential for balancing future revenue and sales, specifically in the context of fixed-price contracts. This is a true or false question requiring understanding of contract management principles.
Answer
True
The statement is true.
Answer for screen readers
The statement is true.
More Information
Cost visibility at the NSN level is crucial even in fixed-price contracts to ensure proper balancing of future revenues and sales by accurately setting prices.
Tips
Common mistakes include assuming that fixed-price contracts don't require detailed cost tracking because the total cost is predetermined.
Sources
- CliffsNotes - Question about cost visibility - cliffsnotes.com
Thank you for voting!
