Which of the Following Is a Dimension of Contract Management

question 54

Multiple Choice

Which of the following is a dimension of contract management? 

• A) Tendering. 
• B) Financial flow 
• C) Contracting 
• D) Evaluating.

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Definitions:

Licensing Statute

Legislation that sets the standards and requirements for obtaining a professional license in a specific field.

Enforceable

Capable of being imposed or applied, especially in legal contexts.

Procedurally Unconscionable Contract

A contract that is deemed unfair or unjust due to the process in which it was made, often involving lack of negotiation or imbalance in bargaining power.

Adhesion Contract

A contract created by a party to an agreement that is presented to the other party on a take-it-or-leave-it basis. Such contracts are legal but are sometimes rescinded on the grounds of unconscionability and the absence of one party’s free will to enter a contract.