A/An _____ generally runs for a 12-month period and may or may not come up for renewal at the end of the year.
A)national contract
B)annual contract
C)open-ended agreement
D)blanket order
E)None of these answers.

Question

Quizplus · Accepted Answer

An "annual contract" generally runs for a 12-month period and may or may not come up for renewal at the end of the year. National contracts are agreements between two or more companies across the nation, while an open-ended agreement does not have a specific end date. A blanket order is an agreement to purchase a certain amount of goods or services over a specific period of time. Therefore, the best choice for the given statement is option B.

A/An _____ Generally Runs for a 12-Month Period and May