What is the function of the contract, Operation Management

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What is the function of the contract

Response to the following:

1. What is the function of the contract?

2. What are the terms of the contract?

3. Why is it important to specify the terms of the contract?

4. Who monitors and evaluates the contracts?

5. What is the process for monitoring and evaluating the contracts?

Each question needs a total of 4 sentences each.

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Operation Management: What is the function of the contract

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