A Positive Side of Long-Term Contracts Is

question 145

Multiple Choice

A positive side of long-term contracts is

• A)low transaction costs.
• B)a loss of flexibility.
• C)the continual need to re-negotiate the contract.
• D)none of the statements associated with this question are correct.

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Definitions:

Extra Vacation Days

Additional days off from work granted to employees beyond the standard vacation policy, often used as a benefit or reward.

Financial Compensation

Monetary payment provided to employees for their work or services.

Sales Revenue

The income generated from the sale of goods or services before any costs or expenses are subtracted; a critical indicator of a company's financial performance.

Commission

A form of payment to an employee or agent for conducting a transaction or sale, which is usually a percentage of the sale price.