Critical Thinking Questions (Multiple Choice) You're a Low-Level Manager at Your

question 14

Multiple Choice

Critical Thinking questions (Multiple Choice) You're a low-level manager at your company. Today, your to-do list includes the following: - order office supplies - call photo copy repair person - create schedule What will you be doing today?

• A) Operational planning
• B) Tactical planning
• C) Strategic planning
• D) Analysis

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Definitions:

Subjective Impossibility

A situation where a party to a contract feels personally unable to perform their obligations, but the performance may still be possible by someone else.

Commercial Impracticability

A legal doctrine allowing parties to suspend or terminate their contractual obligations when unexpected events fundamentally alter the nature of the contract and performance becomes unfeasibly burdensome.

Substantial Performance

A concept in contract law where a party has completed enough of the contract to warrant payment, though some minor elements may still need to be finished.

Construction Industry

A sector of the economy focused on the planning, designing, and building of infrastructure and buildings.