_____ Refers to a Contract That Specifies the Performance Standards

question 98

Multiple Choice

_____ refers to a contract that specifies the performance standards that an outsourcer must meet to ensure quality and performance when outsourcing services.

• A)Operational level agreement
• B)Service-level agreement
• C)Smithsonian Agreement
• D)Termination agreement
• E)Repurchase agreement

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Definitions:

Salvage Value

The calculated resale worth of an asset at the close of its efficient lifespan.

Depreciation

The allocation process of a tangible asset's cost over the period it is useful.

Double-Declining-Balance

A method of accelerated depreciation which doubles the normal depreciation rate, reducing the value of an asset more quickly in its early years.

Salvage Value

The predicted residual value of an asset upon reaching the end of its practical lifespan.