An Organisational Function and Set of Processes for Creating,communicating and Delivering

question 2

Multiple Choice

An organisational function and set of processes for creating,communicating and delivering value to customers,and for managing customer relationships in ways that benefit the organisation is known as ________.

• A)advertising
• B)promotion
• C)marketing
• D)management
• E)production

Distinguish between different forms of contracts and the necessity of writing for enforceability.

Recognize the role of public policy in the validity of contracts.

Understand the evolution and historical context of the Statute of Frauds.

Understand the differences between Medicare and Medicaid, including target beneficiaries and benefits provided.

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Definitions:

Estoppel

A legal principle that prevents a party from asserting a claim or right that contradicts what they have previously stated or agreed to by their actions.

Express Authority

Pertains to the power explicitly granted by one party to another, typically in writing, to perform specific acts or functions.

Implied Authority

Powers not expressly stated but assumed to be granted in order for an individual to carry out duties effectively.

Apparent Authority

A situation where a third party reasonably believes an individual has the authority to act on behalf of another (such as an employer), even if that person does not have actual authority.