Traditional Contract Rules Only Apply to Written Contracts and Not

question 29

True/False

Traditional contract rules only apply to written contracts and not to internet transactions.

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Definitions:

Group Bonus

A monetary reward given to a team or group of employees for achieving certain performance thresholds or objectives.

Commission

A form of payment to an employee based on the amount of sales that the employee generates, typically a percentage of the sales total.

Profit-Sharing Plans

A compensation program in which employees receive a share of the company's profits in addition to their regular salary, usually based on the company's earnings over a specific period.

Organization's Performance

A measure of how effectively and efficiently an organization meets its goals and objectives.