One Reason You May Not Need a Written Contract Is

question 28

Multiple Choice

One reason you may not need a written contract is:

• A) you are dealing with a party you do not know well, so you need to remain flexible.
• B) you are buying land from a member of your family.
• C) the terms of the agreement are simple and the value of the transaction is small.
• D) you have negotiated enough that you both know what the other person intends.

Understand the components and elements of the balanced scorecard.

Identify leading and lagging indicators in performance measurement.

Recognize the importance of aligning strategic objectives with performance metrics.

Understand the role of nonfinancial and financial metrics in performance measurement.

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Definitions:

Confidentiality

In the context of research, it refers to the obligation to protect personal information from unauthorized access, disclosure, or misuse.

Fidelity

The degree to which a copy or representation of something is faithful to the original.

Beneficence

The ethical principle that involves acting in the best interests of others, promoting good and preventing harm.

Acts of Omission

Instances where something that should have been done was not done, often highlighted in legal and ethical discussions.