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Time and Material Pricing Is Used Widely by Construction Companies

question 39

True/False

Time and material pricing is used widely by construction companies.


Definitions:

Final Ratification

The formal confirmation or validation of an agreement, treaty, or constitution.

Representative Republic

A form of government in which citizens elect representatives to make decisions on their behalf, combining elements of democracy with a republic structure.

Executive Branch

The division of a government responsible for implementing laws and policy, typically headed by the president or prime minister.

Bill of Rights

The first ten amendments to the United States Constitution, ratified in 1791, which guarantee essential rights and liberties to the American people, such as freedom of speech and religion.

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