Middle- and Lower-Management Levels Usually Engage in Operational Planning

question 102

True/False

Middle- and lower-management levels usually engage in operational planning.

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Definitions:

Consideration

In contract law, consideration refers to something of value exchanged between parties as part of an agreement.

Preexisting Duty

A duty that already exists under contract law, which cannot be used as consideration for a new promise or contract.

Contract

A legally enforceable agreement between two or more parties with mutual obligations.

Consideration

The value (which could be in the form of goods, services, or money) exchanged between parties in a contract, making the agreement legally binding.