A Service Contract Between a Vendor and a Client That

question 29

Multiple Choice

A service contract between a vendor and a client that specifies what services will be provided,the responsibilities of each party,and any guarantees of service,is known as:

• A)service level agreement
• B)recovery point objective
• C)recovery time objective
• D)service point agreement

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Definitions:

Principal

The original sum of money borrowed in a loan or invested, excluding any interest or dividends.

Federal Estate

The estate of a deceased person that is subject to Federal estate taxes, which are taxes imposed on the transfer of the decedent's assets.

Abatement

The reduction, decrease, or relief from severity, intensity, or intensity of something, often used in the context of tax, rent, or environmental hazards.