Which of These Best Describes Parkinson's Law

question 36

Multiple Choice

Which of these best describes Parkinson's Law?

• A)The more a bureaucracy tries to be efficient,the more forms there are to fill out.
• B)Never underestimate the power of the secretary.
• C)Employees tend to rise to their level of incompetence.
• D)Work expands to fill the available time.

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Definitions:

Assignment

The transfer of rights, property, or responsibilities from one party to another, either permanently or temporarily.

Contractual Liability

The responsibility and obligations that a party is subject to under the terms of a contract.

Without Recourse

A phrase indicating that the holder of a financial instrument cannot demand payment from the originator if the instrument fails to pay.

Indorser

A person or entity that signs the back of a negotiable instrument, thereby transferring ownership or guaranteeing payment to another party.