GENERAL KNOWLEDGE

GK

PUBLIC ADMINISTRATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Contracts Definition?
A
The separation of political decision-making from administrative policy implementation.
B
Transfer of money from the federal government to state and local governments in pursuit of national objectives
C
Governmental programs through which an individual is automatically guaranteed services because the individual meets requirements set in law
D
Legal agreement in which a seller agrees to provide a good or service to a buyer for a mutually agreeable price
Explanation: 

Detailed explanation-1: -A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more mutually agreeing parties. A contract typically involves the transfer of goods, services, money, or a promise to transfer any of those at a future date.

Detailed explanation-2: -Fixed-Price Contract. Cost-Reimbursement Contract. Cost-Plus Contract. Time and Materials Contract. Unit Price Contract. Bilateral Contract. Unilateral Contract. Implied Contract. More items •26-Jan-2022

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