The BEST Way for a Company to Manage the Risk

question 52

Multiple Choice

The BEST way for a company to manage the risk associated with standard form agreements is to

• A)frequently redesign the standard form agreement to ensure that customers must read through the form each time they sign it.
• B)teach employees the meaning of onerous and ambiguous contract terms.
• C)require customers to clearly indicate their specific agreement to be bound by any onerous or unusual terms.
• D)conceal ambiguous language at the end of the agreement to avoid customer confusion.
• E)draft the form in a manner which is ambiguous to your customers but could be literally interpreted in your favour by a clever lawyer.

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Definitions:

Academic Locus of Control

A psychological construct that determines whether individuals attribute their educational success or failure to internal factors like effort, or external factors like luck.

Online College

Educational institutions that offer courses and degree programs through the internet, providing flexibility to study from anywhere.

Persist

To continue steadfastly or firmly in some state, purpose, course of action, or the pursuit of an objective, despite difficulties, obstacles, or discouragement.

Locus of Control

A psychological concept that refers to how strongly people believe they have control over the situations and experiences that affect their lives.