A Third Party Who Is Not Part of an Original

question 16

Multiple Choice

A third party who is not part of an original contract but who is transferred a duty to perform set forth in the original contract is called a(n) ________.

• A)delegatee
• B)delegator
• C)assignor
• D)assignee
• E)transferor

Recognize the effects of the global economy on business operations and individual workers.

Understand the processes of empowerment and decentralization in decision-making.

Comprehend the relevance of campaign financing and legal issues in corporate governance.

Analyze the importance and impact of business cycles on managerial decisions and business performance.

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Definitions:

Board Meetings

Formal gatherings of the board of directors of an organization or company to discuss and decide on corporate matters.

Litigation

The process of taking legal action in court to enforce or defend rights.

Indemnified

Protected or secured against any loss or damage, often through compensation or insurance.

Ordinary Matters

Refers to standard, routine, or usual issues or tasks, often contrasted with extraordinary or exceptional matters.