Supply Chain Management Professional (SCMP) · Question
Which contract pricing model shifts most of the risk from the buyer to the seller?
In a fixed-price contract, the seller agrees to a set price regardless of actual costs, making the seller responsible for cost overruns.
Start free practice for Supply Chain Management Professional (SCMP)
200 questions · no signup required · 40 free questions per day
Question: Which contract pricing model shifts most of the risk from the buyer to the seller?
Answer options: ✅ Fixed-price contract
- Cost-plus-fixed-fee contract
- Time and materials contract
- Cost-plus-incentive-fee contract
Correct answer: Fixed-price contract
Explanation: In a fixed-price contract, the seller agrees to a set price regardless of actual costs, making the seller responsible for cost overruns.
Start free practice for Supply Chain Management Professional (SCMP)
200 questions · no signup required · 40 free questions per day
More about Supply Chain Management Professional (SCMP)
More for Supply Chain Management Professional (SCMP) candidates
Ready to practice?
Free, no signup required. Build a wrong-question list as you go.
Start Free Supply Chain Management Professional (SCMP) Practice →Related courses
Other Canadian certifications candidates often prepare for alongside this one.