A Virtual Organization Typically Has Only a Small Number of Employees

question 96

True/False

A virtual organization typically has only a small number of employees.

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Definitions:

Contract

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

Risk of Loss

Risk of loss refers to the legal and financial responsibility for the damage, destruction, or loss of property, often determined by the terms of a contract.

Merchant

An individual or company engaged in the wholesale or retail sale of goods, services, or commodities for profit.

Carrier

In telecommunications, an entity that provides services for transmitting data and communications; in transportation, a company responsible for transporting goods or passengers.