The Only Doctor in a Small Town Had a Problem

question 103

Multiple Choice

The only doctor in a small town had a problem. He wanted to see all of the people who needed his care but he did not have enough time in the day to do so. He was especially worried that if he did not see certain patients, they would not be able to afford the doctor in the next town over. His problem is a(n) ________ one.

• A) optimal
• B) rational
• C) ethical
• D) financial

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Definitions:

Time is of the Essence

A contractual clause indicating that the timing of certain actions or tasks is critical and failure to perform them on time constitutes a breach of contract.

Reasonable Period

An amount of time which is fairly or sensibly expected under the circumstances for a specific action or response.

Condition

A specific requirement or stipulation in an agreement or contract that must be met for the full agreement to be binding and effective.

Time for Performance

Time for Performance denotes the specific period within which a party to a contract is required to fulfill its obligations as stipulated in the agreement.