A Contract

question 74

Multiple Choice

A contract

• A) specifies the term of exchange, facilitating exchange between strangers.
• B) increases the profitability of inventions, encouraging firms to develop new products.
• C) provides the public with reliable information about the performance of a firm.
• D) increases the risk faced by entrepreneurs.

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Definitions:

Additional Training

Extra educational or practical training provided to employees or individuals to enhance their skills or knowledge.

Job Description

Includes information such as job title, location, reporting to and of employees, job summary, nature and objectives of a job, and tasks and duties to be performed.

Reporting To

The act of submitting information or giving accounts to a higher authority or supervisor in an organizational structure.

Job Analysis

Is a process to identify and determine in detail the particular job duties and requirements and the relative importance of these duties for a given job.