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The price the government pays for standard weapons purchased

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The price the government pays for standard weapons purchased [#permalink]

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New post 03 Apr 2007, 19:42
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The price the government pays for standard weapons purchased from military contractors is determined by a pricing method called “historical costing.â€

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Location: Singapore
 [#permalink]

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New post 03 Apr 2007, 19:52
Ans:A.

Since historical pricing adds on to the previous year's contractual price, the governement will pay if there was an inefficient use of funds in the past - i.e. if inefficient use led to higher contractual price paid out previously, then historical pricing applied today will include that amount of improperly managed fund paid out.

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New post 03 Apr 2007, 21:06
A.

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New post 03 Apr 2007, 21:16
The answer is A.

ywilfred.... The explanation is apt.

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  [#permalink] 03 Apr 2007, 21:16
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The price the government pays for standard weapons purchased

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