Which of the Following Is a Feature of a Dynamic

question 60

Multiple Choice

Which of the following is a feature of a dynamic process?

• A) It is a formally defined process.
• B) It is difficult to change or modify.
• C) It requires information systems that are prescriptive.
• D) It depends more on effectiveness than efficiency.

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Definitions:

Lease

A contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset for a specified period of time.

Agency

In legal terms, an agency refers to a relationship in which one party, known as the agent, is authorized to act on behalf of another party, known as the principal, in business transactions with third parties.

Privity Rule

A doctrine stating that only parties to a contract can sue or be sued on the contract's terms, restricting the rights of external parties.

Novation

A legal process by which an existing contract is replaced by a new contract, with the consent of all parties involved, often involving a change of parties or terms.