The Set of Two-Way Understandings That Characterize the Relationships Between

question 53

Multiple Choice

The set of two-way understandings that characterize the relationships between major social institutions is called the

• A)implied contract.
• B)unilateral binding accord.
• C)social contract.
• D)procedural justice agreement.

---

Definitions:

Producing

The act of creating, manufacturing, or otherwise bringing into existence goods and services.

Purchase Requisition

An official request or document that a company uses to inform the purchasing department of items it needs to order.

Legal Contract

A legally binding agreement between two or more parties that is enforceable by law.

Operations Management System

A framework or methodology designed to plan, control, and improve the processes that produce goods or services.