Creating the Right Type of ________ with the Right Terms

question 59

Multiple Choice

Creating the right type of ________ with the right terms and conditions will help an organization and a project team to transfer some of the project's risks and also to give the buyer a better means of managing the buyer/seller relationship.

• A) SOW
• B) SLA
• C) contract
• D) scope

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Definitions:

VC

Venture Capital; financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential.

Company

An organization or entity engaged in commercial, industrial, or professional activities.

Investor

An individual or organization that allocates capital to investments with the expectation of achieving a financial return.

Entrepreneur

An individual who initiates, organizes, and runs a business or businesses, taking on greater than normal financial risks in order to do so.