How Are Contracts Enforced

question 80

Multiple Choice

How are contracts enforced?  

• A) by the firms that make the contracts through buy-out clauses 
• B) by law firms that specialize in contract enforcement 
• C) by corporations specializing in contract writing and enforcement 
• D) by the government through the judicial system

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Definitions:

Team

A group of individuals working together towards a common goal, often characterized by collaboration, communication, and mutual support.

Taylorism

Also known as scientific management, it's an approach to industrial organization and efficiency developed by Frederick W. Taylor, emphasizing time studies, work standardization, and task specialization.

Scientific Management

Scientific Management is a theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, by systematic study.

Systematic Management

An approach to management focusing on procedures and techniques for increasing organizational efficiency and effectiveness.