If Organizations Are to Become Increasingly Self-Managed Rather Than Controlled

question 15

Multiple Choice

If organizations are to become increasingly self-managed rather than controlled through top-down commands,they need to develop:

• A)Advanced artificial intelligence systems
• B)A strong organizational culture
• C)A sense of identity,free-flowing information,and well-established internal relationships
• D)Organizational members who are well trained and possess a sense of empowerment

Recognize the significance and application of conditions precedent in contracts.

Analyze the concept and application of the doctrine of frustration in contracts.

Identify the parties' obligations in contracts related to real estate transactions.

Distinguish between contracts discharged by operation of law and those discharged by performance.

---

Definitions:

Good Faith

The genuine intention to act without taking an unfair advantage over another party in a transaction.

Honest In Fact

A standard requiring parties in certain transactions to act with genuine intent without deceit or fraud.

Commercial Standards

Agreed-upon practices or criteria within a business sector regarding the quality and conduct of commercial activities.

Implied Warranty

A warranty that is not explicitly stated but is assumed in a sale, ensuring the product is fit for the intended purpose.