4
QuizMultiple Choice

Contracts

Question 4 • FL-2102373-Personal Finance and Money Management Honors

Which describes the duration in a contract?

Answer
A
the start and end dates
B
the interval between payments
C
the period covered by the contract's warranty
D
the timeline for delivering services or products

Explanation

A contract’s duration is how long the contract is in effect, usually shown by its start and end dates. The delivery timeline describes when services or products are delivered, which may be different from the contract’s overall term.

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