A Bond Which Guarantees the Performance of the Terms of a Contract

question 42

Multiple Choice

A bond which guarantees the performance of the terms of a contract is a(n) ____ bond.

• A) judicial
• B) official
• C) performance
• D) fidelity

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Definitions:

HR Activities

Functions and tasks undertaken by the human resources department, including recruitment, training, performance management, and compensation.

Outsourcing

The practice of hiring external organizations or individuals to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Risks

The potential for losing something of value or the possibility of an adverse outcome resulting from a given action, activity, or decision.

Outsourcing

The practice of hiring third parties to perform services or produce goods that were previously handled in-house, typically to cut costs and improve efficiency.