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Exam Code: JumpCloud-Core

Exam Name: JumpCloud Core Certification Exam

Certification Provider: JumpCloud

Related Certification: JumpCloud Core Certification Exam

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Which of the following statements are FALSE regarding costreimbursable contracts?
A. cost-reimbursable contracts resemble fix unit agreements when the unit rates are preset by the buyer and seller
B. cost-reimbursable contracts often includes incentives for meeting or exceeding project objectives
C. cost-reimbursable contracts generally carry the highest risks to the buyer, as the total costs are uncertain
D. cost-reimbursable contracts are contracts that involves payments to the seller for actual costs, plus a fee representing the sellers profit
Answer: A

Which of the following is not considered to be a "security" as defined by the Securities Exchange Act of
1 934?
A. a straddle that expires in 3 months
B. a bankers' acceptance, issued with a maturity of 4 months
C. an interest in an oil drilling lease
D. a collateral trust certificate with an initial maturity of 5 years
Answer: B
A bankers' acceptance is specifically excluded from the definition of a security under the
Securities Exchange Act of 1934 as long as its maturity at issue does not exceed 9 months. All the other
choices are specifically named under the Act's definition of a security.

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