The Difference Between a BOT Contract and a BOOT Contract

question 37

Multiple Choice

The difference between a BOT contract and a BOOT contract is that under the BOOT contract:

• A)The customer must observe all phases of the project process before the product is handed over.
• B)The project organization is obligated to complete the project on time.
• C)The project organization must take initial ownership of the product.
• D)The customer must organize the project's resources for the project organization.

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Definitions:

Preexisting Condition

Any medical condition or health problem that was present before an individual's health insurance policy's effective date, often affecting coverage or benefits.

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment.

Wage Replacement

A form of benefit that compensates for income lost due to temporary disability, unemployment, or other reasons preventing a person from working.

Health Maintenance Organization (HMO)

A type of managed care operation that is typically set up as a for-profit corporation with salaried employees; group insurance that entitles members to services provided by participating hospitals, clinics, and providers.