An Owner

question 8

Multiple Choice

An Owner

• A) sometimes requires the Contractor to protect the Owner against all liens
• B) will file a lien if a Subcontractor fails to perform
• C) will file a lien if the Contractor fails to pay a Subcontractor
• D) will expect a lien to be filed whenever a change in the schedule becomes necessary

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Definitions:

Consumer Products

Goods bought and used by consumers for personal or household purposes, including non-durable goods like food or durable goods like appliances.

Organizations

Entities comprised of multiple people working together towards a common goal, structured in a specific way to achieve objectives.

Business Customers

Entities, including companies or professionals, that purchase goods or services for use in the operation of a business or for resale.

Organizational Buying Objective

The goals or aims that guide purchasing decisions within a company, often focused on optimizing cost, quality, and supply chain efficiency.