Fred Convinces Greg and Harry to Help Him Sell His

question 53

Multiple Choice

Fred convinces Greg and Harry to help him sell his homemade mango juice.Which of the following indicates that Fred has set up a pyramid scheme?

• A)Fred promises to pay them $10 each for every $100 worth of juice that they sell.
• B)Fred charges Greg and Harry $100 to join the selling scheme, and promises them $10 each for every person they convince to join the scheme as well.
• C)Fred charges Greg and Harry $100 to join the selling scheme, and promises to pay them $10 each for every $100 worth of juice that they sell.
• D)Fred promises to pay them $10 each for every new customer they find.

Explain horizontal specialization and its forms.

Understand environmental complexity and how it impacts organizations.

Understand the key legal concepts involved in resolving disputes over debt payments, including the difference between liquidated and unliquidated debts, and accord and satisfaction.

Identify the characteristics and enforceability of unilateral and bilateral contracts, including the requirement of consideration.

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Definitions:

Legally Required Benefit

Employee benefits that employers are mandated to provide by law, such as social security, workers' compensation, and unemployment insurance.

Family Medical Leave

A policy allowing employees to take an extended leave of absence from work, for family or medical reasons, with the assurance of job security.

Workers Compensation

An insurance type that offers medical benefits and compensation for lost wages to workers injured while performing their job duties.

Public Protection Program

A program designed to ensure the safety and security of the public through various protective measures and initiatives.