__________ Is the Reduction of the Amount of Funds Available

question 17

Multiple Choice

__________ is the reduction of the amount of funds available for an activity.

• A)Budget decrement
• B)Black budget
• C)Budget freeze
• D)Budget set

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Definitions:

Gratuitous Agent

An agent who acts on behalf of another without receiving any compensation.

Consideration

A fundamental element of a contract, referring to something of value exchanged between parties, such as services, goods, or money.

Contractual Capacity

The legal ability to enter into a binding agreement.

Agency Relationship

represents a legal arrangement where one party, the agent, acts on behalf of another party, the principal, in dealing with third parties.