The Firm Set Aside a Little Extra Money Just in Case

question 81

Multiple Choice

The firm set aside a little extra money just in case an unforeseen element of cost pushed the project beyond what they had budgeted.This extra money is called:

• A)a rainy day fund.
• B)a contingency reserve.
• C)an escalation clause.
• D)a sinking fund.

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Definitions:

Control

The power or authority to manage, direct, or govern individuals, organizations, or systems.

Indefinite Hiring

An employment arrangement without a predetermined end date, typically at will and subject to termination by either party with notice.

Unjust Dismissal

The unwarranted termination of an employee in violation of legal or contractual obligations.

Statute of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the party to be charged.