When Developing a Contract, What Are the Two Types of Resources

question 12

Multiple Choice

When developing a contract, what are the two types of resources that must be defined.

• A) money and time
• B) essential and desirable requirements
• C) power and authority
• D) services and outcomes

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Definitions:

Common Shares

Equity investments that represent ownership interests in a corporation, entitling holders to dividends and voting rights.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses from total revenue.

Dividends

Payments made by a corporation to its shareholder members, often derived from the company's profits.

Preferred Shares

A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, often receiving dividends before common shareholders.