An Organization in Which the Hierarchy Has Many Levels Relative

question 8

Multiple Choice

An organization in which the hierarchy has many levels relative to the size of the organization is called ________.

• A)flat
• B)decentralized
• C)tall
• D)organic

Explain the conditions under which modifications to contracts require additional consideration under common law versus the UCC.

Discuss specific transactions that are enforceable without consideration (e.g., promissory estoppel, moral obligations).

Discriminate between enforceable promises and non-binding promises such as illusory promises and past consideration.

Understand the legal concepts related to substituted contracts and their effects on original agreements.

---

Definitions:

Mechanical Comprehension

The ability to understand and apply mechanical concepts and principles to solve problems.

Constructs

Conceptual elements or variables designed to represent theories or phenomena of interest, often used in psychological and sociological research.

Criterion-Related Validity

The extent to which a selection tool predicts, or significantly correlates with, important elements of work behaviour

Performance Review

A formal assessment in which the performance of an employee is documented and evaluated, typically on a regular basis, such as annually.