Consideration Is Defined as ________

question 110

Multiple Choice

Consideration is defined as ________.

• A)being cordial in the negotiation of contracts
• B)refraining from unethical behavior in the negotiation of contracts
• C)being both cordial and refraining from unethical behavior in the negotiation of contracts
• D)a bargained-for exchange
• E)a contract negotiated in person rather than by telephone or e-mail

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Definitions:

KSAOs

An acronym that stands for Knowledge, Skills, Abilities, and Other characteristics; a framework used in human resources to evaluate and select candidates based on their qualification for a job.

Organization's Employees

The workforce or staff members who work under the umbrella of an organization, contributing to its objectives and goals.

Minor Function

A less critical or smaller part of a business operation or process, often supporting larger, more essential functions.

Outsourcing

The business practice of hiring external firms or individuals to perform tasks, handle operations, or provide services that are either difficult to manage or outside the company's core competencies.