Stephanie Enters into a Contract to Work as a Lifeguard

question 65

Multiple Choice

Stephanie enters into a contract to work as a lifeguard at Tim's Water Park for the summer in exchange for a weekly paycheck and free admission to the park's attractions. If the parties fulfill their respective duties by performing the acts they have promised,this contract will be

• A)avoided.
• B)breached.
• C)discharged.
• D)rescinded.

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Definitions:

Opportunity Recognition

The process of identifying and assessing new possibilities for creating value or business.

Idea Generation

The creative process of coming up with new concepts, solutions, or approaches, often the first step in the development or innovation process.

Resource Allocation

The process of distributing resources among various projects or business units in order to maximize efficiency and achieve strategic goals.

Creativity

The application of creativity and unique concepts in the production of something new; the quality of being inventive.