Where a Contract Allows the Supplier to Stipulate Price Increases

question 92

Multiple Choice

Where a contract allows the supplier to stipulate price increases in line with a specified index, this is called which of the following?

• A)Escalator clause
• B)Price inflation
• C)Wage inflation
• D)Price parity

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Definitions:

Authority

The power or right to give orders, make decisions, and enforce obedience.

Power Politics

The strategies used by individuals or groups within political organizations or structures to acquire, maintain, or exercise power and influence.

Outstanding Leader

A person distinguished by their exceptional leadership qualities, inspiring vision, strong communication skills, and the ability to guide others toward success.

Winston Churchill

A British politician, army officer, and writer, who served as Prime Minister of the United Kingdom during World War II and again in the early 1950s.