Which of the Following Is the BEST Way to Ensure

question 18

Multiple Choice

Which of the following is the BEST way to ensure that cohesion and cooperation are not undermined, and the parties involved will be satisfied when the project is complete?

• A) Long-term outsourcing relationships
• B) Good negotiation practices
• C) Well-established conflict management processes in place
• D) Frequent review and status updates
• E) Fair and incentive-laden contracts

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Definitions:

Requirements Contract

An agreement in which one party agrees to purchase all of his or her requirements of a particular product from another party. See also output contract.

Output Contract

An agreement in which a seller agrees to sell “all the goods we manufacture” or “all the crops we produce” to a particular buyer. See also requirements contract.

Valid Contract

A contract that is legally binding and fully enforceable by the court.

Future Goods

Goods that are not yet in existence or under the control of people; they include fish in the sea, minerals in the ground, goods not yet manufactured, and commodities futures.