The Status of a Third Party Is Determined by

question 13

Multiple Choice

The status of a third party is determined by

• A)the type of contract.
• B)whether the third party gave consideration.
• C)the reasonable expectations of the third party.
• D)the intent of the contracting parties.

---

Definitions:

Ethics Competency

The capacity to understand and apply ethical principles and standards to one’s professional behavior and decision-making.

Operational Efficiency

The ability of an organization to deliver products or services to its customers in the most cost-effective manner while maintaining quality.

Missing Units

Units, items, or elements that are lost or absent, which may affect outcomes or analyses.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.