Answer: Cost reimbursement contracts.
Explanation:
In this type of contract the customers most times demands that at regular time Interval and through out the duration of the project a contractor compares the real expenses with the proposed budget and estimated cost upon completion with the initial estimated price.
It is also known as cost plus contract. The contractor who handled the project are refunded every cost they incur while executing the project, this comes with additional fees.
A relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.
<h3>What is shift in demand?</h3>
A shift in demand connote when at any given price, the quantity demanded of a product or services is said to be different than it was before then and as such, shift in demand can happen due to income increase.
Therefore, a relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.
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Answer:
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
a. Caroline spends $10 to get her car washed.
b. Antonio spends $150 to purchase a necklace from Classy's jewelry Store.
<h2>
c. Antonio earns $275 per week working for Spotless Car Wash.</h2>
Answer:
the length of service required of an employee before he or she is eligible for a pension.
Explanation:
In business, vesting represents the process by which an employee starts to collect the money his employer (and himself) contributed to a pension plan or similar benefit plan.
The vesting date is the date when the employee starts to receive the benefits from a pension plan or similar benefit plan.
