An Offeree Can Respond with a Promise of Acceptance to an Offeror's

question 80

Multiple Choice

An offeree can respond with a promise of acceptance to an offeror's promise to form a ________ contract.

• A) bilateral
• B) unilateral
• C) quasi-contractual
• D) void

Understand the core job characteristics and how they affect employee motivation and job design.

Determine the effectiveness of job enrichment strategies and their impact on employee performance and satisfaction.

Analyze the role of compensation and rewards in job design and performance appraisals.

Assess the impact of job design approaches like simplification, enlargement, enrichment, and rotation on workers and organizational efficiency.

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Definitions:

Retirement Account

A financial account designed specifically for savings, investment, and accumulation of money for retirement.

Initial Deposit

The first sum of money placed into an account to open it or start an investment.

Nominal Interest Rate

The stated interest rate on a loan or investment, not accounting for compounding or inflation effects.

Compounded Monthly

A method of calculating interest where the accumulated interest is added to the principal sum each month, leading to an increase in the amount of subsequent interest accrued.