The Contractor Might Try to Negotiate Payment Terms That Require

question 72

Multiple Choice

The contractor might try to negotiate payment terms that require the customer to do one or more of the following except

• A) provide frequent payments, such as weekly or monthly payments rather than quarterly payments.
• B) make equal monthly payments based on the expected duration of the project.
• C) make a single payment at the end of the project.
• D) provide a down payment at the start of the project.

---

Definitions:

Liability

A financial obligation or debt that a company owes, which will need to be paid to creditors, suppliers, or other parties.

Consolidated Balance Sheet

A financial statement that presents the assets, liabilities, and shareholders' equity of a parent company and its subsidiaries as one entity.

Net Assets

The total assets of a company or organization minus its total liabilities, reflecting the entity's own equity value.

Acquisition

The process by which one company takes over controlling interest or assets of another company.