1.0 Chapter Introduction. When used in this chapter, the terms contract type. and type of contract refer to the contract compensation. arrangement. The contract compensation arrangement is the. method of determining the dollars due to the contractor. under the contract.
A budget (derived from old French word bougette, purse) is a quantified financial plan for a forthcoming accounting period.he budget of a government is a summary or plan of the intended revenues and expenditures of that government. There are three types of government budget: the operating or current budget, the capital or investment budget, and the cash or cash flow budget.
A strategy is a plan of action designed to achieve a specific goal or series of goals within an organizational framework. Define strategy within the context of a business and their organizational goals. Strategic management is the process of building capabilities that allow a firm to create value for customers, shareholders, and society while operating in competitive markets.