The ____ in International Contracts Protects Contracting Parties from Problems

question 282

Multiple Choice

The ____ in international contracts protects contracting parties from problems beyond their control.

• A) payment clause
• B) communication clause
• C) choice of language clause
• D) unforeseen happenings clause
• E) force majeure clause

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Definitions:

Variable Costs

Expenses that fluctuate directly with changes in production or service levels.

Service Department Costs

Expenses incurred by departments that do not directly produce goods but provide essential support services within a company.

Performance Evaluation

The systematic assessment of an employee's work performance using predetermined criteria to improve and manage performance.

Budgeted Fixed Costs

The projected amount of fixed costs for a certain period, used for planning and budgeting purposes.