An Option Contract Is Not Binding Without

question 7

Multiple Choice

An option contract is not binding without

• A) pre-agreed occurrence.
• B) money.
• C) consideration.
• D) a written agreement.

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Definitions:

Team Effectiveness

The extent to which a team achieves its objectives, meets the needs of its members, and sustains itself over time.

Team Diversity

Refers to the inclusion of various attributes, experiences, and backgrounds among members of a team, enhancing creativity and problem-solving capabilities.

Advantages

Benefits or favorable factors that contribute to success or achieving a goal.

Potential Disadvantages

Possible negative outcomes or drawbacks that may arise from a particular action, decision, or situation.