Examlex
Which of the following is NOT a characteristic of the Vroom-Yetton-Jago model?
Reasonable Value
The fair or market value of goods or services, assessed based on what a reasonable buyer would be willing to pay under similar circumstances.
Lacked Capacity
Refers to a situation where an individual does not have the legal ability to enter into a binding contract, often due to age, mental condition, or intoxication.
Mental Impairment
A condition that significantly affects one's cognitive functions, potentially impacting daily living and activities.
Ratify
To formally approve or confirm, often referring to the approval of agreements, treaties, or constitutional amendments.
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