A Clause in a Contract in Which the Parties Specify

question 23

Multiple Choice

A clause in a contract in which the parties specify certain events that will excuse nonperformance is known as a(n) ________.

• A)approval clause
• B)express condition
• C)force majeure clause
• D)implied-in-fact condition

Identify the importance and characteristics of total quality management in enhancing organizational performance.

Understand the significance of strategic management practices such as the theory of constraints (TOC) and its role in managing organizational success.

Understand the concepts and strategies of market segmentation.

Identify different market segmentation types including geographic, demographic, psychographic, and behavioral segmentation.

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Definitions:

Assimilation

In cognitive psychology, it is the process of integrating new information into existing cognitive schemas, perceptions, and understanding.

Accommodation

As a monocular cue of depth perception; the brain’s use of information about the changing thickness of the lens of the eye in response to looking at objects that are close or far away.

Physical Skills

Abilities related to the control and coordination of bodily movements, often developed through practice or exercise.

Standing Alone

The state or condition of being isolated, independent, or not influenced or supported by others.