If a Contract Is Unclear, It Will Be Interpreted Against

question 8

True/False

If a contract is unclear, it will be interpreted against the party who drafted it.

Analyze the motives behind the use of influence, including selfish versus organizational goals.

Recognize the most widely used influence tactics in organizational hierarchies.

Understand the eight generic influence tactics and their applications.

Differentiate between power and authority within organizations.

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Definitions:

Sales Quantity

The total number of units of a product or service sold within a specific period.

Variable Cost

A corporate expense that changes in proportion with the level of output or sales.

Fixed Costs

Charges that stay the same no matter how much is manufactured or sold, including rental fees, employee pay, and protection premiums.

Depreciation

The accounting method of allocating the cost of a tangible or physical asset over its useful life, reflecting the decrease in value of the asset over time.