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The Poverty of Stimulus Argument Refers to the Fact That

question 2

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The poverty of stimulus argument refers to the fact that:

Understand the consequences of managerial decisions on company-wide performance and inter-divisional relationships.
Evaluate the conditions under which a cost center might be a more appropriate organizational design choice than a profit center.
Grasp the complexities involved in the performance evaluation of profit center managers and the impact of discretion in decision-making.
Understand the relationship between division profits and company-wide profits.

Definitions:

Void Contract

An agreement that lacks legal validity or is unenforceable by law from the moment it is created, due to reasons such as illegality or incapacity of one party.

Voidable Contract

A valid contract that can be legally voided at the option of one of the parties without penalty.

Quasi-contract

A legal concept that is treated as a contract so that one party is not unjustly enriched at the expense of another, even though no actual contract exists.

Implied in Law Contract

A contract created by a court, not through an agreement between parties, but to avoid unjust enrichment or injustice.

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