An Example of a Group That Satisfies the Definition of an Organization

question 95

Multiple Choice

An example of a group that satisfies the definition of an organization is

• A) commuters on the Long Island Expressway.
• B) strangers standing in line to buy tickets to a U2 concert.
• C) three people riding an elevator.
• D) two sisters who own and operate a commercial cleaning business.
• E) the crowd watching an Arizona Diamondbacks baseball game.

Understand prenuptial agreements and their legal implications.

Analyze the concept of integrated contracts and the use of merger clauses.

Understand the scope and applications of the statute of frauds in contract law.

Identify types of contracts that require writing under the statute of frauds.

---

Definitions:

Trend Analysis

A method used to predict future movements by examining historical data.

Markov Analysis

A statistical method used to predict future behaviors based on current and historical data, especially in decision-making and forecasting scenarios.

Staffing Tables

Graphic representations of all organizational jobs, along with the numbers of employees currently occupying those jobs and future (monthly or yearly) employment requirements.

Skill Inventories

A database or list of the skills, competencies, and qualifications of current employees, used by organizations to identify talent for projects or promotions.