Which of the Following Is True of Open-Price-Term Contracts

question 53

Multiple Choice

Which of the following is true of open-price-term contracts?

• A) The contract is void due to the failure to specify a required term of the contract.
• B) The price becomes the reasonable price at the time the contract was entered into.
• C) The price becomes the reasonable price at the time the goods are delivered.
• D) The price is determined by the court's applying a reasonable price at whatever time the court deems appropriate to reach a fair result.

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Definitions:

Ergonomics-Based Model

A framework that focuses on designing workspaces and products to best fit human physical and psychological needs, enhancing productivity and safety.

Importance Of Other People

emphasizes the significance and influence that other individuals have on one's behavior, decisions, and psychological well-being.

Mechanistic Approach

A framework in organizational design that emphasizes structured and controlled processes, with a clear hierarchy and rigid division of labor.

Job Satisfaction

The level of contentment employees feel about their work, which can affect their performance, productivity, and willingness to stay in their jobs.