*** Incorrect Answer Highlighted****

LO. 27.1 Which of the following statements regarding defective pricing is FALSE? a significant amount because the data were not current, complete, or accurate. Defective pricing exists when any price, including profit or fee, for any contract action covered by a certificate of current cost or pricing data is increased or decreased O When det g Can only exist wre h ntid wilully Sib ts that resulted from the defertive pricing of supplies or services accepted by the government O When defective pricing occurs, the government is entitled to a price reduction to eliminate any significant overpricing related to the defective data