The Three Primary Types of Contracts That Can Be Drawn

question 46

True/False

The three primary types of contracts that can be drawn to control the outsourcing deal are (1) a time and arrangements contract, (2) a fixed-price contract, and (3) a value-added contract.

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Definitions:

Confederacy

A coalition of 11 southern states that seceded from the United States from 1860-1865, leading to the Civil War over issues including states' rights and slavery.

Abraham Lincoln

16th President of the United States, led the country during the Civil War and emancipated the slaves.

Jefferson Davis

The President of the Confederate States of America during the American Civil War.

War Leaders

Individuals who command, direct, or have a major influence over military operations during periods of conflict.