IIA Exam IIA-CIA-Part3 Topic 4 Question 59 Discussion

Actual exam question for IIA's IIA-CIA-Part3 exam

Question #: 59
Topic #: 4

A organization finalized a contract in which a vendor is expected to design, procure, and construct a power substation for $3,000,000. In this scenario, the organization agreed to which of the following types of contracts?

AA cost-reimbursable contract.

BA lump-sum contract.

CA time and material contract.

DA bilateral contract.

Show Suggested Answer

Suggested Answer: B

by Georgene at Mar 30, 2023, 10:40 PM

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