Define "Course of Performance," and Discuss Its Relationship to Decisions

question 61

Essay

Define "course of performance," and discuss its relationship to decisions regarding whether goods conform to contract specifications.

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Definitions:

Internal Operations

The processes and activities within an organization that contribute to its effective functioning, including production, human resources, and administrative tasks.

External Intelligence

Information gathered from outside an organization to support decision-making processes.

Big Data

Extremely large datasets that may be analysed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Business Analytics

The practice of iterative, methodical exploration of an organization's data with emphasis on statistical analysis to drive decision-making.