Leah and Mason Are Parties to a Contract for the Sale

question 69

Multiple Choice

Leah and Mason are parties to a contract for the sale of Mason's day care facility to Leah. Before the deal closes, they agree to substitute Nell for Leah as a party to the deal. This novation does not require

• A) ​the existence of a previous, valid obligation.
• B) ​the agreement by all of the parties to the new contract.
• C) ​performance of the original contract by all of the parties.
• D) ​a new, valid contract.

Explain the concept of belief perseverance and methods to reduce its effects.

Identify strategies for overcoming fixation and enhancing creativity in problem-solving.

Understand the role of intuitive thinking in decision-making processes.

Explain the effects of framing on perception and choice.

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Definitions:

Objective Job Conditions

The factual, measurable aspects of a job, such as its duties, requirements, and working conditions, rather than subjective perceptions.

Leader's Objectives

The goals or aims that a leader seeks to achieve in a leadership role.

Middle Managers

Individuals in an organization who manage the work of subordinate employees and report to a higher level of management.

Interpreting Policies

The act of understanding and explaining the meaning and implications of organizational rules and guidelines.