A 'Contract' Is

question 57

Multiple Choice

A 'contract' is:

• A)Any agreement between two or more persons.
• B)A legally enforceable agreement between two or more persons.
• C)An agreement where the parties intend their agreement to be legally enforceable.
• D)An agreement where the parties provide consideration.

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Definitions:

Flexible Conditions

Situations or environments that can easily adapt or adjust to changing circumstances or requirements without significant disruption.

Environmental Demand

Represents the pressures and requirements placed on an organization or individual by environmental factors, including natural, social, and regulatory aspects.

Organic Design

An organizational structure that is flexible and adaptable, often characterized by less formal rules and decentralized decision-making.

Horizontal Structure

An organizational design focusing on teamwork and collaboration rather than hierarchy, often with few or no levels of middle management.