If Appropriate Assurance Is Not Given in Response to a Demand

question 23

Multiple Choice

If appropriate assurance is not given in response to a demand for assurance of performance, the demanding party may:

• A) treat the contract as repudiated.
• B) sue for libel.
• C) file for an insurance payment.
• D) not replace the repudiated contract.

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Definitions:

Contingency Approach

A management theory that suggests the most appropriate organizational structure or management style is contingent upon the internal and external situation.

Evolution of Management

Refers to the historical development and transformation of management theories and practices over time.

Open System Analysis

An approach to analyze organizations by considering the continuous interaction with their environment, enabling adaptation and sustainability.