Contingency Theory Postulates That a Firm's Strategy Must to Flexible

question 49

True/False

Contingency theory postulates that a firm's strategy must to flexible in order to meet any possible contingency.

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Definitions:

Acceptance

In contract law, the act of agreeing to the terms of an offer, thereby creating a binding contract.

Offeree's Duty

The legal obligations or responsibilities of a person or entity to whom an offer is made, especially in contract formation.

Imposed

Set or laid as a burden, duty, tax, or penalty; usually applied or enforced authoritatively.

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.