Describe the Theory of Constraints in a Sentence

question 161

Essay

Describe the theory of constraints in a sentence.

---

Definitions:

Adhesion Contract

A standardized contract drafted by one party (usually a business) with stronger bargaining power and presented on a "take it or leave it" basis to the other party.

Take-It-Or-Leave-It

A term describing an offer that cannot be negotiated and must either be accepted as is or rejected.

Usurious Loan

A loan given with illegally high-interest rates.

Legal Effect

The legal consequence or outcome that arises from the execution of a law, contract, agreement, or judicial decision.