As a Contract Becomes More Incomplete

question 29

Multiple Choice

As a contract becomes more incomplete:

• A) the complexity of the product reduces.
• B) monitoring the output and performance of the provider becomes easier.
• C) greater discretion is handed to the provider of the good or service.
• D) the level of uncertainty in the implementation of the contract falls.

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Definitions:

One Leader

A situation or system where a single person holds the leadership role.

Accountability

involves the obligation of an individual or organization to account for its activities, accept responsibility for them, and disclose the results in a transparent manner.

Assigned Tasks

Assigned tasks are specific duties or responsibilities allocated to individuals or teams as part of their job or project roles.

Delegation

The assignment of responsibility or authority from one person to another for specific tasks or activities.