Examlex
Which of the following best describes how using structured strategic management processes such as the Balanced Scorecard can have an impact on companies?
Third-Party Beneficiary
A person who is not a party to a contract but who has the right to enforce it because the parties to the contract made the contract with the intent to benefit him.
Implied
Something not explicitly stated but understood to be included or involved through indirect indications or logical inference.
Statute of Frauds
A legal concept that requires certain types of contracts to be in writing and signed by the party to be charged, in order to be enforceable.
17th-Century
Referring to the period between the years 1601 and 1700, often noted for its significant historical, cultural, and scientific developments.
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