A Manager's Job in a Networked Organisation Is Different in That

question 37

Multiple Choice

A manager's job in a networked organisation is different in that:

• A)different techniques are required to those used in face-to-face situations.
• B)it is important to bring people working off-site to one physical location on a regular basis.
• C)accountability for people who work off-site is exactly the same as those working in the same building.
• D)it is impossible to make collaborative decisions online,so managers must make these decisions on their own.

Differentiate between concealment, nondisclosure, and misrepresentation in contract law.

Recognize the legal implications of scienter in the context of misrepresentation.

Identify the conditions under which ratification affects the right to rescind a contract.

Analyze the legal consequences of misrepresentations and mistakes in contract formation.

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Definitions:

Quantity Theory

A theory in economics that argues the amount of money in circulation in an economy is directly proportional to the price level of goods and services.

Exchange Rate

The value of one country's currency in relation to another country's currency.

Say's Law

Say's Law, often summarized as "supply creates its own demand," is an economic theory that suggests that production is the source of demand.

Equation of Exchange

An economic formula that represents the relationship between the money supply, its velocity, the price level, and the volume of transactions in the economy.