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Lana71 [14]
3 years ago
10

Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled t

he time he will spend on the streets and the resources this job will require.​ Unfortunately, Mister Plow cannot come back to the city for more​ money, because the service contract is A. a final contract. B. a​ fixed-price contract. C. a​ cost-plus contract. D. a​ last-bid contract.
Business
1 answer:
Marina86 [1]3 years ago
3 0

Answer:

B. a fixed-price contract.

Explanation:

"A fixed price contract places minimum administrative burden on the contracting parties, but subjects the contractor to the maximum risk arising from full responsibility for all cost escalations. Also called firm price contract."

Mr. Plow couldn't come back to Springfield because he took full responsability for all cost escalations.

Reference: WebFinance Inc. “What Is Fixed Price Contract? Definition and Meaning.” BusinessDictionary.com, 2019

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lora16 [44]
Eco is most likely liable for FRAUD.
In contract law, misrepresentation refers to a false statement or fact made by one of the contract party to the other party which has the effect of inducing the other party into the contract. Misrepresentation is considered to be a fraudulent act.<span />
3 0
4 years ago
Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in Nort
laiz [17]

Answer:

5% approx

Explanation:

Given that

Number of people in the world = 6.25 billion

And the number of people live in North America = 310 million

So, the percentage of the world population lives in North America would be

= (Number of people live in North America ÷ Number of people in the world) × 100

= (310 million ÷ 6.25 billion) × 100

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6 0
3 years ago
Public choice theory suggests that politicians will be most likely to favor redistribution of income from the rich to the poor.
Murrr4er [49]

Answer:

The correct answer is unorganized taxpayers to well-organized interest groups.

Explanation:

Public choice theory seeks to study the problems of political science applied to economics. A positive public election means that the decisions of politicians face the needs of civil society. In the case of the example, it is easy to determine towards whom the work of people in political positions should be oriented, and it is by definition to unorganized communities with some type of unsatisfied basic need.

4 0
3 years ago
Read 2 more answers
The residuals are observations of the error variable . Consequently, the minimized sum of squared deviations is called the sum o
kenny6666 [7]

The statement in the question is True.

<u>Explanation:</u>

In statistics, the residual sum of squares (RSS), otherwise called the sum of squared residuals (SSR) or the total of squared estimate of errors (SSE), is the aggregate of the squares of residuals (deviations anticipated from real observational estimations of information). It is a proportion of the error between the information and an estimation model.

A little RSS demonstrates a tight attack of the model to the information. It is utilized as an optimality standard in parameter determination and model choice.

6 0
3 years ago
Cost of merchandise sold to customers $ 223,000
barxatty [35]

213

bc i said so and i think

Explanation:

7 0
3 years ago
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