It Is a Good Idea to Add a Penalty Clause

question 35

True/False

It is a good idea to add a penalty clause to an outsourcing agreement to ensure that work is completed on time.

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Definitions:

Open-Mindedness

The state of being receptive to other ways of looking at things.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Fixedness

A cognitive bias that limits a person to using an object only in the way it is traditionally used.

Heuristics

Mental shortcuts or rules of thumb that simplify decision making and problem solving, although not always perfectly accurate.