At What Level Are Decisions Made That Set or Impact

question 2

Multiple Choice

At what level are decisions made that set or impact the long-term direction of the entire organization?

• A)Operational level
• B)Managerial or administrative level
• C)Strategic level
• D)Governmental level

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines the terms and conditions for the exchange of goods, services, or other forms of consideration.

Statute of Frauds

A legal principle requiring certain types of contracts to be in writing and duly signed by all parties involved, to be enforceable.

Promissory Estoppel

A legal principle that prevents a party from going back on a promise, even if it was not formally agreed to in a contract, if someone else has relied on that promise to their detriment.

Tort of Deceit

A legal cause of action that arises when one party intentionally lies or misrepresents a material fact with the intent to deceive another, causing harm.