A Business ____ Is an Overview That Describes a Company's

question 106

Multiple Choice

A business ____ is an overview that describes a company's overall functions, processes, organization, products, services, customers, suppliers, competitors, constraints, and future direction.

• A)matrix
• B)profile
• C)index
• D)glossary

---

Definitions:

Condition Precedent

A contractual clause that requires certain conditions to be met before the contract becomes legally binding.

Condition Subsequent

A specific condition in a contract that, when it occurs, ends the contract's obligations.

Exemption Clause

A contract term that limits the liability of one party under certain circumstances, often found in terms and conditions.

Fundamental Breach

A violation of a contract that is so severe it permits the aggrieved party to terminate the agreement and possibly seek damages.