Services Can Be Classified According to Whether They Are Delivered

question 325

Multiple Choice

Services can be classified according to whether they are delivered by people or equipment,whether they are for profit or nonprofit organizations,and whether they are __________.

• A)government agencies
• B)a national organization or a global organization
• C)privately owned or publicly owned
• D)performed by independent contractors
• E)owned by individuals or corporations

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Definitions:

Substantial Performance

Substantial performance refers to a situation where a party has fulfilled enough of their contractual obligations to warrant payment, even if minor elements are still uncompleted.

Strict Performance

A legal concept that requires parties to completely fulfill the obligations of a contract without deviation.

Unconditional Duty

An obligation that must be fulfilled without any conditions or stipulations.

World Famous

describes a person, place, or thing that is widely recognized and honored across the globe.