The excess revenue over the cost to perform the contract

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1. What was the single most useful theory or concept you learned in this course? Please describe the theory and explain how you have been able to apply the theory at work, or how you plan to apply the theory in the future (Organizational Behavior)

2. Which statement is not true about profit? Profit is the excess revenue over the cost to perform the contract. The negotiated profit rate should account for performance. Profit is a reward to the contractor for performing efficiently. The Government should seek to negotiate the smallest profit possible since contractors are unrealistically high about their profit.

Reference no: EM132190331

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