Several Changes in Business Have Increased the Need for Better

question 4

Multiple Choice

Several changes in business have increased the need for better contract management.Which of the following is not one of those changes?

• A) Collaboration is being reduced
• B) Quality is expected
• C) Processes must be balanced
• D) Waste must be reduced or eliminated
• E) Communication must be in real-time

---

Definitions:

Actuarial Calculations

Mathematically based evaluations of insurance and finance risks, primarily used in the insurance industry and pension fund management.

Assumed Investment Rate

The projected rate of return assumed for a hypothetical investment over a specific period.

Annuity Cost

The initial investment or premium required to purchase an annuity, which in return provides periodic payments for a specified period or for life.

Pretax Return

The financial return on an investment before any taxes are deducted.