An Organization Is a

question 3

Multiple Choice

An organization is a

• A)stable,formal social structure that takes resources from the environment and processes them to produce outputs.
• B)formal,legal entity with internal rules and procedures that must abide by laws.
• C)a collection of people and other social elements.
• D)B and C
• E)A,B,and C

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Definitions:

Misrepresentation

The act of providing false or misleading statements that induce someone to enter into a contract.

Fraudulent

Involving deceit, trickery, or breach of confidence, intended to gain an unfair or unlawful advantage.

Tort Of Deceit

A legal wrong involving the intentional misrepresentation of fact, with the aim of making someone rely on it to their detriment.

Non Est Factum

“It is not my act”—grounds for a court to declare a contract void because a party is unaware of the nature of the contract.