The Guarantee Given by the Company Winning the Bid That

question 100

Multiple Choice

The guarantee given by the company winning the bid that it will pay certain specified damages to the customer if the job is not completed is known as a

• A)guarantee bond.
• B)performance bond.
• C)junk bond.
• D)warranty.

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Definitions:

Code Of Ethics

A set of principles designed to help professionals conduct their business with honesty, integrity, and fairness.

Company's Culture

The shared values, beliefs, and behaviors that characterize the social and psychological environment of a business organization.

Management

The process of planning, organizing, directing, and controlling resources to achieve specific goals.

Focus Strategies

Business approaches that target a specific market niche or demographic with tailored products or services.