Webtel Services,Inc

question 34

Multiple Choice

Webtel Services,Inc.and Acme Co.sign a document which states that Webtel Services will create a web page for Acme and that Acme will pay for this work.This is an example of a:

• A)bilateral,voidable contract.
• B)quasi,unilateral contract.
• C)bilateral,express contract.
• D)unilateral,implied-in-law contract.

Assess the financial implications of cafeteria-style plans for employers.

Recognize the role of wellness programs and consumer-directed health plans in controlling healthcare costs.

Distinguish between the most common types of insurance benefits offered to employees.

Understand the legal requirements and limitations on paid vacation in the United States.

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Definitions:

Desired State

A future condition or situation that an individual or organization aims to achieve.

Perfect Rationality

A decision strategy that is completely informed, perfectly logical, and oriented toward economic gain.

Nobel Prize

A set of annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances.

Herbert Simon

An American economist and cognitive psychologist known for his research in the fields of decision-making and artificial intelligence; he is credited with the concept of bounded rationality.