Economic Coercion That Compels a Person to Enter into a Contract

question 40

True/False

Economic coercion that compels a person to enter into a contract renders that contract void.

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Definitions:

Autocratic Model

A management style characterized by individual control over all decisions and little input from group members.

Organizational Goals

Objectives set by a business or organization which guide its actions and decision-making processes.

Theory Z

A management philosophy which integrates Japanese and American business practices, emphasizing employee participation, job security, and company loyalty.

Quality Circles

Small groups of employees who regularly meet to discuss and propose solutions to workplace issues, aimed at improving performance and working conditions.