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A talent development professional and an external training vendor have agreed to a percentage of the overall cost as profit. What is this called?
Correct Answer: D
According toATD Project Management for Learning Professionals, aCost Plus Incentive Fee (CPIF) contract "pays the vendor for costs incurred plus an agreed-upon incentive or profit percentage tied to cost control or results". Firm fixed price means no adjustment based on actual costs. Reference:Project Management for Learning Professionals (ASTD Press).
