Which of the Following Is TRUE

question 48

Multiple Choice

Which of the following is TRUE?

• A)Where a portion of a contract is void,the whole contract is affected and a court will set aside the whole contract as being void.
• B)A contract that contemplates the commission of a tort is not legal unless the tort is committed and someone is injured.
• C)Where a portion of a contract is void,the remainder of the contract is not affected provided a court can sever the void parts without doing injustice to the parties.
• D)The common law supersedes statute law when determining the legality of contracts.
• E)A statute can only make a contract illegal; it cannot make a contract void.

Distinguish between single-use plans and standing plans.

Know the purpose and function of policies, procedures, and budgets in organizational planning.

Understand the concept of focus both for individuals and organizations.

Articulate the importance of planning time horizons for different managerial levels.

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Definitions:

Psychological Drives

Internal motivations that propel individuals to act in certain ways, often related to basic physiological needs or desires.

Physiological Drives

Basic, instinctual bodily needs that motivate behavior, such as hunger and thirst.

Deprived Longer

Experiencing a prolonged lack or denial of something considered to be a necessity.

Kinsey Reports

A series of books about human sexual behavior by Alfred Kinsey, which were among the first to systematically gather data on this topic, challenging many societal norms.