Proposals Are Grouped into Two General Categories: Internal Proposals That

question 81

True/False

Proposals are grouped into two general categories: internal proposals that request decisions from managers from within the organization; external proposals request decisions from parties outside the organization.

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Definitions:

Corporate Constitutional Rights

The legal rights and protections granted to corporations, treating them as entities that can exercise certain rights similar to individuals.

Corporate Citizenship

The commitment of a company to behave ethically and contribute to economic development while improving the quality of life of employees, communities, and society at large.

Corporation by Estoppel

A legal doctrine preventing one from denying the corporate status of an entity to escape liability after having treated it as a corporation.

Novation Clause

A legal provision that allows an original contract to be replaced with a new contract, wherein a new party takes on the obligations of one of the original parties.