Which One of the Following Is the Best Definition of a Contract

question 2

Multiple Choice

Which one of the following is the best definition of a contract food supplier?

• A) A business that operates an outside catering service and is called in for special events.
• B) A service provided by the employer in-house where hospitality is required.
• C) A service provider to a business that needs to provide hospitality but does not want to do it themselves.
• D) A provider who sub-contracts the catering to other people before then reselling it to another provider.

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Definitions:

Short-Term

Relating to or occurring on a brief or immediate timescale, typically within one year.

Short-Term Collateralized

Financial arrangements that involve the use of assets as collateral for a short-duration loan.

Repurchase Agreement

A short-term borrowing agreement where one party sells securities and agrees to repurchase them at a higher price at a later date.

Municipal Bond

A bond issued by local or state governments to finance public projects, often offering tax-exempt interest payments.