Examlex
In return for participation and cooperation in instituting a major organizational change,employees of Vibgyor Textiles received two extra days of paid vacation.Which of the following methods of managing resistance to change does this scenario exemplify?
Rescission
The act of canceling or invalidating a contract, returning all parties to their state prior to the contract.
Award
A formal acknowledgment, often involving a monetary gift, given in recognition of an achievement or as a decision in arbitration and legal matters.
Fraudulent Misrepresentation
A false statement made knowingly, without belief in its truth, or recklessly, causing another to enter into a contract.
Rescission
The revocation, cancellation, or repeal of a contract, returning the parties to the positions they occupied before the contract was made.
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