Which of the Following Statements Is True

question 41

Multiple Choice

Which of the following statements is true?

• A) Forces for change usually come from within the organization; forces against change usually come from outside the organization.
• B) Forces for change usually come from outside the organization; forces against change usually come from inside the organization.
• C) Forces for and against change come from inside and outside the organization.
• D) No statement is true.

Distinguish between express, implied-in-fact, and implied-in-law contractual conditions.

Describe how contracts can be discharged by mutual agreement and operation of law.

Explain the doctrine of frustration of purpose and its applicability in contract law.

Differentiate between types of breaches and their consequences in contract performance.

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Definitions:

Good Management

The effective and efficient administration of a company's resources, leading to the achievement of organizational goals.

Participative Budgeting

A budgeting process where employees at all levels are involved in the development of the budget, enhancing commitment and understanding of financial goals.

Potential Benefits

The likely advantages or gains that may be realized from a particular action or investment.

Potential Shortcomings

Possible weaknesses or failures that could limit success or effectiveness in achieving desired outcomes or objectives.