Reactive Changes

question 75

Multiple Choice

Reactive changes:

• A) are made in anticipation of future events.
• B) are generally more effective than planned changes.
• C) have more potential for poorly conceived and executed change.
• D) involve fewer risks than planned changes.
• E) are preferred to planned changes by most successful organizations.

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Definitions:

Breach Of Contract

The failure to perform as explicitly stated or implied within the terms of a contractual agreement.

Option Contract

A contract granting one party the right, but not the obligation, to buy or sell a good or asset at a predetermined price within a specific time frame.

Postbox Rule

The Postbox Rule, also known as the mailbox rule, is a legal principle that determines the moment at which an offer is considered accepted, typically the moment the acceptance is sent.

Binding Contract

A legal agreement between two or more parties that is enforceable by law.