The Acme Global Corporation Recently Won a Bid to Provide

question 93

Multiple Choice

The Acme Global Corporation recently won a bid to provide a large number of widgets for a government contract.To complete the order,the organization will need to order more raw materials.This will require that the organization recognize the influence of _______ in the external environment on the organization.

• A)suppliers
• B)shareholders
• C)technology
• D)competition

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Definitions:

Promissory Estoppel

A legal principle that prevents a person from going back on a promise, even if it was made without formal consideration, if another person reasonably relied on that promise to their detriment.

Accord And Satisfaction

A legal agreement between parties to settle a dispute where one party agrees to accept less than owed to resolve the claim.

Unique Framing

The practice of presenting or structuring information, concepts, or physical items in a distinctive or novel manner that sets them apart.

Original Contract

A primary agreement between parties before any amendments, modifications, or revisions.