Contingency Means That One Thing Depends on Other Things, and for Organizations

question 84

True/False

Contingency means that one thing depends on other things, and for organizations to be effective, there must be a "goodness of fit" between their structure and the conditions of their external environment.

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Definitions:

Age of Majority

The legally defined age at which an individual is considered an adult, with all the rights and responsibilities that entail.

Traditional Rule

A principle or doctrine that has been established through historical usage and has become widely accepted and practiced.

Voidable Contract

A legal agreement that remains valid until one party, who is entitled to do so under the law, chooses to void or nullify the contract.

Sole Inheritor

The only person designated to receive all the assets left behind by a deceased person.