Which of the Following Statements Defines a Bilateral Contract

question 9

Multiple Choice

Which of the following statements defines a bilateral contract?

• A) the exchange of one promise for another promise
• B) the exchange of a promise for an act
• C) the exchange of two or more promises for two or more acts
• D) a contract that will be performed twice

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Definitions:

Organizational Politics

The use of power and social networking within an organization to achieve changes that benefit the individual or group.

Commitment

The state or quality of being dedicated to a cause, activity, or organization, often reflected in willingness to invest time and resources.

Intention to Quit

An employee's deliberate contemplation or decision to leave their current job due to various reasons such as dissatisfaction, better opportunities, or personal reasons.

Personal Power

Power derived from the person rather than from the organization.