Which of the Following Is Not an Example of a Contingency

question 55

Multiple Choice

Which of the following is not an example of a contingency element of a long-term contract?

• A)Initial price.
• B)Price-adjustment mechanisms.
• C)Delivery dates and times.
• D)Supplier performance improvement.
• E)Evergreen, penalty, and escape clauses.

---

Definitions:

Mean

The average of a set of numerical values, calculated as the sum of the values divided by the number of values.

Mean

The arithmetic average of a set of numbers, calculated by adding them together and dividing by the number of quantities.

Point Estimate

A single value estimate of a population parameter that serves as the best guess or prediction of the parameter.

Confidence Limits

Confidence limits define the range within which a population parameter is estimated to lie with a certain level of confidence.