Which Type of Contract,bilateral or Unilateral,is More Common in Business

question 5

Essay

Which type of contract,bilateral or unilateral,is more common in business? Why? Under what circumstance would someone prefer one or the other? What are the advantages of each type for the offeror? For the offeree?

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Definitions:

Organizational Success

The achievement of the goals and objectives set by a business or institution, typically measured by financial performance, market share, or fulfillment of mission.

Toxic Leaders

Leaders who have a detrimental impact on their followers or organization due to destructive, abusive, or unethical behavior.

Leader-Centric Orientation

A leadership approach that focuses on the leader as the central figure of the decision-making process and the primary source of influence.

Toxic Leaders

Individuals in leadership positions who exhibit destructive behaviors, negatively affecting their followers' well-being and the organization's climate.