One of the Many Duties of the Private Sector Office

question 2

Multiple Choice

One of the many duties of the Private Sector Office of the DHS is to create and manage private sector ______ made up of industry representatives.

• A)advisory councils
• B)small businesses
• C)nonprofits
• D)limited liability corporations

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Definitions:

Property Use

The manner or purpose for which a property is used, subject to zoning laws and other regulations.

Escrow Account

A financial arrangement where a third party holds funds on behalf of transacting parties until specified conditions are met.

Neutral Third Party

An unbiased, independent individual or group engaged to help resolve disputes, negotiate agreements, or oversee transactions.

Deposit

A sum of money placed in an account or with a third party as a security for the performance of an obligation or the purchase of something.