What Is an Organization

question 18

Multiple Choice

What is an organization?

• A)a complex entity with a flexible structure
• B)a deliberate arrangement of people to accomplish a specific purpose
• C)a deliberate structure created through growth and profits
• D)an accidental entity born of innovative ideas of an entrepreneur

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Definitions:

Licensing Statute

Legislation that sets the standards and requirements for obtaining a professional license in a specific field.

Enforceable

Capable of being imposed or applied, especially in legal contexts.

Procedurally Unconscionable Contract

A contract that is deemed unfair or unjust due to the process in which it was made, often involving lack of negotiation or imbalance in bargaining power.

Adhesion Contract

A contract created by a party to an agreement that is presented to the other party on a take-it-or-leave-it basis. Such contracts are legal but are sometimes rescinded on the grounds of unconscionability and the absence of one party’s free will to enter a contract.