Examlex
Which of the following is a characteristic of an open-systems organization?
Charitable Pledges
Promises to donate a specific amount of money or resources to a charity or non-profit organization.
Consideration
The value, in the form of money, goods, services, or a promise thereof, that is exchanged between parties as part of a contract.
Inadequacy of Consideration
A situation where the value exchanged in a contract is significantly disproportionate, raising questions about the fairness of the agreement.
Wholesale Price
The cost of goods sold in bulk to retailers or distributors, generally lower than retail price.
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