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List and Briefly Describe the Seven Key Characteristics That Must

question 11

Essay

List and briefly describe the seven key characteristics that must be present for a contract to be enforceable.


Definitions:

Variation Management

A managerial process aimed at minimizing or controlling the variance in processes, products, or services to enhance quality and efficiency.

Ethics Audits

A systematic evaluation of an organization's ethics policies and procedures to ensure they are being followed and to identify areas needing improvement.

Standards

Established accepted criteria or specifications for products, services, processes, or behavior, used as a basis for comparison or judgment.

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