Both Specialty and Subcontractors Are Independent Contractors Employed by the ____

question 20

Multiple Choice

Both specialty and subcontractors are independent contractors employed by the ____ to perform specific work at a specified cost.

• A) general contractor
• B) superintendent
• C) field supervisor
• D) architect

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Definitions:

Bond Sales

The process of issuing debt securities by entities such as corporations or governments to investors to raise capital.

Crowding-Out Effect

A situation where increased government spending leads to a reduction in private sector spending, which could negate the stimulus effect of the government's spending.

Government Borrowing

The act of governments raising funds through issuing debt securities or borrowing directly from financial institutions to finance government spending.

Private Sector

The private sector encompasses businesses and activities not owned or directly managed by the government, operating primarily through the private enterprise and market system.