A specialized form of management contract between a customer and an organization to provide a complete operational system together with the skills needed for unassisted maintenance and operation is the ________.
A)turnkey operation
B)transaction cost theory
C)sogoshosha
D)cross-marketing activity
E)management contract

Question

Quizplus · Accepted Answer

A turnkey operation is a specialized form of management contract where a customer hires an organization to provide a complete operational system along with the necessary skills for unassisted maintenance and operation. The organization takes responsibility for designing, building, and testing the system and then delivers it to the customer ready to use. The customer then takes over the operation and maintenance of the system.

A Specialized Form of Management Contract Between a Customer and an Organization