________ Is a Term That Refers to the Tool Used

question 23

Multiple Choice

________ is a term that refers to the tool used to quantify and allocate resources to specific activities.

• A) Budget
• B) Contingency plan
• C) Benchmarking
• D) Accounting

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Definitions:

Hybrid Contracts

Agreements that involve elements of both goods and services, where the provision of services and the sale of goods are combined into one contract.

Predominates

To be the strongest or main element; to have greater importance or weight than other factors.

Validity

The state of being logically sound, legally binding, or effectively enforceable, often used in the context of contracts, arguments, or empirical research.

Contract Value

The total financial worth involved in a contract, comprising all revenues, costs, and other financial benefits agreed upon between the parties.