A Contractual Clause That Requires One Party to Assume the Financial

question 101

Multiple Choice

A contractual clause that requires one party to assume the financial consequences of another party's legal liabilities is called:

• A)a worker's compensation clause.
• B)an extra clause.
• C)an indemnification clause.
• D)a tort.

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Definitions:

Network-Designed Organization

An organizational structure that focuses on decentralization, where operations are connected by informal networks and the flow of information.

Virtual Organization

A company that operates online, often relying on a network of remote workers or partners, without a physical presence or traditional office space.

Organization's Design

The deliberate process of configuring structures, processes, reward systems, and people practices to create an effective organization capable of achieving the business strategy.

Information Flow

The movement or transmission of data, knowledge, or communication within a system or between entities.