Which term defines a government contract for a service where something useful is received immediately upon expenditure of funds or by the end of the fiscal year, and the contract may cross fiscal years as long as it does not exceed 12 months?

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Prepare for the Certified Defense Financial Manager Exam 1. Study with flashcards and multiple choice questions. Each question includes hints and explanations to boost your knowledge. Ace your exam with confidence!

Multiple Choice

Which term defines a government contract for a service where something useful is received immediately upon expenditure of funds or by the end of the fiscal year, and the contract may cross fiscal years as long as it does not exceed 12 months?

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