Explain with an Example How Promissory Estoppel Affects Consideration

question 47

Essay

Explain with an example how promissory estoppel affects consideration.

Analyze the effect of intragroup transactions on the calculation of NCI's share of subsidiary profits and retained earnings.

Identify and distinguish between different methods of NCI calculation.

Apply concepts of fair value adjustments in the calculation of goodwill and NCI.

Understand the principles of classical and operant conditioning.

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Definitions:

Self-Managed Teams

Groups of employees who are given the autonomy to plan, execute, and manage their work without direct supervision, often responsible for a full range of decisions.

Natural Teams

Groups formed based on inherent or spontaneous relationships and common interests rather than arranged or assigned by an organization.

Personality Type

A classification that reflects the characteristic patterns of thoughts, feelings, and behaviors that make a person unique.

Herzberg's Motivator-Hygiene Model

Herzberg's Motivator-Hygiene Model is a theory that distinguishes between motivators, which can increase job satisfaction, and hygiene factors, which, if absent, can lead to dissatisfaction but not necessarily enhance satisfaction if present.