The Term "Performance Based" in a Contract Means the ______

question 17

Multiple Choice

The term "performance based" in a contract means the ______.

• A) payment is made through the use of vouchers
• B) grant recipient is not required to show measurable outcomes
• C) payment and renewal of the grant are contingent on meeting outcome goals
• D) grant recipient must demonstrate performance outcomes before receiving a grant

Grasp the fiduciary duties and responsibilities of agents toward their principals.

Identify the principal's duties towards the agent, including indemnification and reimbursement.

Differentiate between employees and independent contractors in the context of agency law.

Understand the jurisdiction and governing laws of agency relationships in the United States.

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Definitions:

Target Investment Area

A specific geographical or sectoral area identified by investors for potential investments due to its promising growth or returns.

Traditional Entrepreneurship

The pursuit of opportunity to create value through the establishment and management of a business, often focusing on profit, growth, and innovation in a conventional manner.

Social Entrepreneurship

A form of entrepreneurship where the primary focus is on addressing social issues and making a positive impact on society, rather than maximizing profit.

Grameen Bank

A microfinance organization and community development bank founded in Bangladesh that makes small loans to the impoverished without requiring collateral.