Why Is Innovation a Key Component of a Manager's Job

question 37

Multiple Choice

Why is innovation a key component of a manager's job in today's business environment?

• A)Innovation keeps employees on their toes.
• B)Innovation gives companies a "fresh" image without changing much real substance.
• C)New approaches are always superior to old approaches.
• D)Innovation efforts are needed in all types of organizations.

Recognize the enforceability of contracts in various forms, including electronic agreements under contract law.

Identify the requirements for a contract to be valid under the statute of frauds.

Distinguish between oral and written contracts and understand the implications of each under the law.

Understand the role and application of the parol evidence rule in contract disputes.