Which of the Following Contracts Would Be Considered a Long-Term

question 48

Multiple Choice

Which of the following contracts would be considered a long-term contract?

• A)A contract signed on September 1 with the U.S.Army to manufacture 20 planes estimated to be completed in 15 months (a single plane takes about one month to complete); the contractor currently has 12 planes in inventory.
• B)A contract to manufacture a telescope custom-made for space flight.The telescope will be the first of its kind.Estimated time of manufacturing is eight months.
• C)A three-year contract signed by JB Systems to provide the design work for the space shuttle.
• D)More than one of the above.

---

Definitions:

GPS Technology

A satellite-based navigation system that allows users to determine their exact location (latitude, longitude, and altitude) on Earth.

Roving Nodes Technology

Typically refers to mobile nodes in a network that move around and connect dynamically with other nodes, often used in wireless communication and sensor networks.

RSS Feed Technology

A web feed format used to publish frequently updated information, such as blog entries, news headlines, or podcasts, allowing users to subscribe and receive updates.

Lovemarks

Brands that achieve a high level of emotional connection with consumers, transcending traditional brand loyalty through love and respect.