What is a contract? List six types of contracts
What will be an ideal response?
A contract is a formal agreement between two parties, a contractor and a client, wherein the contractor agrees to perform a service and the client is obligated to pay for the service. Types of contracts include fixed-price, fixed-price incentive fee, cost-plus fixed fee, cost-plus percentage fee, cost-plus incentive fee, and guaranteed maximum-shared savings.
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________ is the error due to the particular sample selected being an imperfect representation of the population of interest
A) Nonsampling error B) Random sampling error C) Problem definition error D) Hypothesis error E) Precision error
New markets, new resources, and improved efficiency are the three main motives for firms to enter foreign markets through FDI
Indicate whether the statement is true or false