Using Liquidated Damage Clauses in Delivery Contracts Is an Example

question 44

Multiple Choice

Using liquidated damage clauses in delivery contracts is an example of mitigating strategy for ______.

• A)security risks
• B)failure to deliver the needed services on time
• C)failure to realize the expected cost savings
• D)market risks

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Definitions:

Encoding

The method of transforming data into a format that enables its storage in our memory.

Retrieval

The act of retrieving and making conscious information that is kept in memory.

Serial Position Effect

The tendency to remember items at the beginning and end of a list better than those in the middle.

Retention

The ability to keep or hold information in memory over time.