__________ Occurs When a Client Enters into a Long-Term Contract

question 83

Multiple Choice

__________ occurs when a client enters into a long-term contract with a vendor,the vendor changes financial terms at some point or overcharges for unanticipated enhancements and contract extensions.

• A)Flexibility
• B)Shirking
• C)Poaching
• D)Opportunistic repricing

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Definitions:

Department of Housing and Urban Development

A U.S. government department responsible for national policies and programs that address America's housing needs, improve and develop the nation's communities, and enforce fair housing laws.

Mortgage Loans

Loans secured by real property through the use of a mortgage note, typically used to purchase real estate.

Moderate Incomes

Earnings that are neither too high nor too low, often associated with the middle class in a given society.

Interest Rates

The cost of borrowing money or the return for investing, expressed as a percentage of the principal, influencing consumer and business spending.