"I Promise to Pay You $100 If You Will Promise

question 47

True/False

"I promise to pay you $100 if you will promise to fix my car next month." This is an offer for a unilateral contract.

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Definitions:

Flat Organizational Structure

A type of organizational configuration that has few or no levels of middle management between staff and executives, promoting faster decision-making and communication.

Customer Departmentalization

The arrangement of jobs around the needs of various types of customers.

Sales Account

A record or agreement defining the relationship and transactions between a buyer and a seller, often including terms of sale, credit limits, and purchase history.