In Which Type of Contract Are the Terms Explicitly Spelled

question 45

Multiple Choice

In which type of contract are the terms explicitly spelled out either orally or in writing?

• A) a notarized contract
• B) an express contract
• C) a tangible contract
• D) a specified contract

Identify the role of formalized ethical guidelines and codes of ethics in organizations.

Analyze rationalizations that lead to unethical behavior and ways to counter them.

Comprehend the importance of consistency, impartiality, and fact-based decisions in justice-oriented ethics.

Explore the intersection of profit, morality, and ethical business practices.

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Definitions:

Antitrust Suit

Legal actions taken by governments against companies to prevent monopolistic practices and promote competition in the marketplace.

Horizontal Mergers

Horizontal mergers are business consolidations that occur between companies operating in the same industry, often resulting in a stronger competitive entity.

Conglomerates

Large corporations that consist of diverse companies or divisions operating in various industries or sectors, usually as a result of mergers or acquisitions.

Antitrust Enforcement

Government actions aimed at promoting competition among businesses by preventing monopolies, cartels, and other practices that restrict free trade.