Which of the Following Is Not an Example of a Contingency

question 55

Multiple Choice

Which of the following is not an example of a contingency element of a long-term contract?

• A)Initial price.
• B)Price-adjustment mechanisms.
• C)Delivery dates and times.
• D)Supplier performance improvement.
• E)Evergreen, penalty, and escape clauses.

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Definitions:

Urgency

A measure of how pressing or immediate a task, problem, or situation is, often requiring swift action or attention.

Implicit

Suggested or understood without being directly expressed or stated, often inferred from actions or context.

Budget Cuts

The reduction in the amount of funding allocated, often necessitating prioritization and financial planning adjustments.

Ask For Clarification

The act of requesting additional information or explanation to ensure understanding.