Regarding the distinction between profit and fee

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Reference no: EM132190607

1. Which is true regarding the distinction between “profit” and “fee”?

Fees are contractor controlled.

Profits cannot be negative amounts.

Fees cannot be negative amounts

2. There are statutory limitations on Fee amounts for Cost Type Contracts set by the FAR.

True

False

3. Pamela Connor worked full time as a technical writer at Omega Technologies. She had worked for the company for three years. Pamela applied for maternity leave starting on January 10th and was granted leave until March 10th. Her baby was born on January 14th. However, Pamela did not report to work again until June. She did not inform any of her superiors that she wished to take an extended leave. Omega Technologies fired her in June. Which of the following is true according to the federal Family and Medical Leave Act?

Omega Technologies is liable to pay her salary from January until June as compensation.

Pamela can require that the company reinstate her in her job.

Pamela cannot force the company to compensate her for terminating her employment.

The company is liable for not giving her prior notice before terminating her employment.

Reference no: EM132190607

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