South Africa is running the risk of long-term stage six power cuts from Eskom, which means that businesses would endure at least six hours without power on any day. Assume that you own a small business, differentiate as well as deliberate on the contingency and the emergency planning that would be required.

Juanita has contracted with Supplier X to run her marketing campaign for Lawrence Woman of the Year. She is paying $5,000 for marketing services and will provide a $1,000 bonus if she wins the election. This is an example of which type of contract?

a. Fixed Price

b. Cost Plus Incentive Fee

c. Time and Materials