Which of the following best describes a personal service contract?

A personal service contract specifically pertains to an agreement in which an individual performs services for another individual or an organization. This type of contract is characterized by the fact that it typically involves a relationship where the service provider is not just providing goods or supplies, but rather is engaged in performing tasks or offering expertise personally.

In this context, an employment relationship is established as the service is tailored to the specific skills and capabilities of the individual, creating obligations and expectations akin to those found in traditional employment arrangements. The essence of a personal service contract revolves around the specialization and personal involvement of the service provider, which is central to the definition of an employment relationship.

The other options don't fully capture the nuances of a personal service contract. An agreement with a vendor for supplies refers to procurement relationships focused on tangible goods, while a contract for project management usually relates to coordinating efforts rather than personal service. A fixed price contract, on the other hand, is primarily about the cost structure rather than focusing on the personal nature of services provided. In contrast, personal service contracts inherently involve a unique, individualized approach, reflecting the significant relationship between service providers and recipients.