The Four "A's" of a Successful Contract Include: ________

question 45

Multiple Choice

The four "A's" of a successful contract include: ________.

• A) Avoid misunderstanding and assure work
• B) Assure payment and avoid liability
• C) Assess risk and analyze profit
• D) Assume parties will abide by the contract
• E) Both A and B

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Definitions:

Professional Association

An organization seeking to further a particular profession, the interests of individuals engaged in that profession, and the public interest.

Primary Labor Market

A sector of the labor market that offers high-quality, secure jobs with good pay, benefits, and opportunities for advancement.

Regulated Market

In a regulated market, various social forces limit the capacity of supply and demand to determine prices.

Economic Sociologists

Scholars studying the social processes and outcomes associated with economic activity, including market behaviors, economic organizations, and financial systems.