Examlex
Kirk entered into a contract with Yemmi to haul gravel in his large tandem truck from Yemmi's gravel pit to a building site some five kilometres distant, at $60 per load. Before Kirk was to begin performance, his truck was destroyed in a serious traffic accident. Kirk need not perform the contract, as the contract was frustrated by the destruction of the truck.
Job Design Strategies
Job design strategies involve creating roles and responsibilities within an organization that enhance worker satisfaction and productivity.
Work Efficiency
The ability to accomplish tasks with the minimum expenditure of time and effort.
Ownership Culture
A work environment where employees are encouraged to think and act like owners, typically involving practices that share profits, stock options, or decision-making power.
Organizational Objectives
The specific goals that an organization aims to achieve, which guide its operations and strategic planning.
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