Imagine That You Have Been Tasked with Developing a List

question 41

Multiple Choice

Imagine that you have been tasked with developing a list of your company's core values. What would likely NOT be a core value that you would put on your list?

• A)a commitment to having fun and creating a fun work environment
• B)a commitment to operating excellence and superior results
• C)mandating full compliance with all laws and regulations
• D)exhibiting such qualities as integrity, fairness, trustworthiness, pride of workmanship, respect for co-workers, and ethical behavior
• E)exhibiting teamwork and cooperative attitudes

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Definitions:

Binding Contract

An agreement between parties that is legally enforceable in a court of law.

Promissory Estoppel

Promissory estoppel is a legal doctrine that can enforce a promise in the absence of a formal contract when a party has relied on that promise to their detriment.

Consideration

Something of value that is exchanged between parties in a contract, making the agreement legally binding.

Preexisting Contract

A legal agreement that was created and became effective before the current discussion or issue.