What Type of Third-Party Beneficiary Is Bobby

question 60

Multiple Choice

What type of third-party beneficiary is Bobby?

• A) Intended and donee
• B) Creditor and incidental
• C) Intended and creditor
• D) Donee and incidental
• E) Creditor and donee

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Definitions:

Formalization

The extent to which rules, procedures, and standards are written and explicitly articulated within an organization to guide behaviors and operations.

Centralization

Refers to the degree to which decision-making is concentrated at a single point in an organization, often at the top leadership levels.

Bureaucratic

Characterized by rigid adherence to rules, procedures, and hierarchical structures, often at the expense of efficiency and flexibility.

Hierarchy

An arrangement or institution where individuals or entities are positioned in a hierarchical order based on their status or power.