An Organization's Core Ideology Is Made Up of ______

question 49

Multiple Choice

An organization's core ideology is made up of ______.

• A) the business plan and marketing strategy
• B) core values and long-range objectives
• C) core values and purpose/mission
• D) code of ethics and code of conduct

Analyze the enforceability of contracts involving minors, including the concepts of necessaries and emancipation.

Comprehend the effect of mental impairment on contract validity.

Recognize the legal consequences of illegal agreements and how illegality affects contract enforceability.

Understand the role and requirement of licenses in professional and business practices.

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Definitions:

Unit Costs

The cost incurred by a company to produce, store, and sell one unit of a particular product or service.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a specified time period.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period.

Labor Force

The total number of people employed or seeking employment in an economy at a given time.