Explain the Characteristics of Monolithic Organizations

question 59

Essay

Explain the characteristics of monolithic organizations.

---

Definitions:

Voidable

A situation or agreement that may be legally declared invalid or cancelable by one of the parties involved.

Unilateral Agreement

A unilateral agreement is a contract in which only one party makes a promise or undertakes a performance obligation, while the other party is not legally bound to reciprocate.

Bilateral Agreement

A legally binding contract between two parties or countries involving mutual commitments or trade-offs.

Express Agreement

A contract where the terms and conditions are stated clearly and explicitly, often in written form.