What does a Memorandum of Understanding (MOU) typically outline?

A Memorandum of Understanding (MOU) typically serves as a formal agreement between parties, addressing specific terms and conditions that they agree upon. The correct choice is related to the details surrounding wages and benefits for the contract duration, which is a common aspect covered in an MOU. This includes the financial aspects of employment and ensures all parties understand the agreements in place regarding compensation and additional benefits.

The other options represent areas that might be covered in different types of documents or negotiations. While responsibilities of the fire department and the promotional process are important topics, they are often detailed in job descriptions or collective bargaining agreements rather than an MOU. Similarly, budget specifics for the fire department are generally articulated in financial planning documents or legislative proposals, rather than addressed within the framework of an MOU. Thus, the correct option emphasizes the MOU's role in delineating terms related to wages and benefits, highlighting its importance in employment agreements.