Which of the Following Should Be Avoided in a Contract

question 47

Multiple Choice

Which of the following should be avoided in a contract if cost certainty is important?

• A) Cost-of-living clauses
• B) Gainsharing clauses
• C) Profit sharing plans
• D) Piece-rate pay plans

Understand the concept of intrinsic and extrinsic goals and their influence on wellbeing.

Relate psychological concepts like mindfulness and peak experiences to personal growth and development.

Understand how positive psychology contributes to enhancing life satisfaction and happiness.

Distinguish between internal (intrinsic) and external (extrinsic) sources of motivation.

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Definitions:

Supplemental Nutrition Assistance Program

The Supplemental Nutrition Assistance Program (SNAP) is a federal assistance program in the United States that provides food-purchasing assistance for low- and no-income people.

Cash-Vouchers

These are instruments provided to individuals or entities which can be exchanged for goods or services instead of using actual cash.

Income Equality

The equal distribution of income among all members of society, aiming to reduce economic disparities.

Economic Efficiency

A situation in which every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.