Which of the Following Agreements Is Supported by Consideration

question 9

Multiple Choice

Which of the following agreements is supported by consideration?

• A) Peter owes William £9,000. Peter cannot pay off the debt and his father, Chester, offers William £5,000 in full and final settlement.
• B) Steven has hired the son of his principal investor, Mark, to sit on the board of his company. Mark frequently goes out drinking or gambling and is lazy at work. To ensure that he makes a good impression on a business trip to Asia, Steven promises to pay Mark an additional £1000 if he promises to behave himself.
• C) Hannah is planning to go to the seaside this weekend. She tries to convince Robert to come along, but he is pessimistic about the weather. Hannah promises to buy Robert dinner if it rains this weekend.
• D) None of the options given is correct.

Distinguish between intrinsic and extrinsic motivators and their effects on employees.

Recognize the significance of Maslow's hierarchy of needs in understanding employee motivation.

Comprehend the distinctions and similarities between Alderfer's ERG theory and Maslow's theory.

Understand McClelland's theory of needs and how it applies to managerial effectiveness.

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Definitions:

Environmental Influences

Factors or conditions in the surrounding environment that affect an individual's behavior, development, and life outcomes.

Computer Network Crash

An unexpected failure or malfunction that disrupts the functioning of a network of computers, leading to loss of connectivity or data.

Social Judgment

The process of evaluating the behavior or characteristics of others within a societal or cultural context.

Problem-Solving Skills

The ability to identify, analyze, and come up with effective strategies to solve problems.