Describe the Difference Between Formal and Informal Virtual Meetings

question 71

Essay

Describe the difference between formal and informal virtual meetings. Discuss the advantages and disadvantages of each.

---

Definitions:

Down Payment

An initial, upfront partial payment made for the purchase of expensive goods or services, often in the context of real estate or automobiles.

Option

A separate promise to keep an offer open for a period of time.

Verbal Offer

An offer made orally, rather than in written form, in the context of negotiations or agreements.

Binding Contract

An agreement between two or more parties that is legally enforceable and subject to legal remedies or damages in case of breach.