A ________ Is a Contract,usually on a Standardized Form,offered by a Party

question 30

Multiple Choice

A ________ is a contract,usually on a standardized form,offered by a party who is in a superior bargaining position on a "take-it-or-leave-it" basis.

• A)quasi-contract
• B)contract of adhesion
• C)executory contract
• D)bilateral contract

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Definitions:

Decentralize Decision Making

The distribution of decision-making authority among lower levels of an organization, instead of concentrating it at the top.

Division of Labor

The separation of tasks in an organization or production process so that employees specialize in specific areas of work.

Continuity of Purpose

The consistent adherence to a predetermined goal or mission over time.

Channel Power

The influence one has over the actions and decisions within a specific distribution channel or pathway.