The Basic Purpose of Control Is

question 159

Multiple Choice

The basic purpose of control is

• A) to cope with organizational complexity.
• B) to adapt to environmental changes.
• C) to minimize costs.
• D) to limit the accumulation of error.
• E) All of these choices

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Definitions:

Invitation to Treat

An indication by a person that they are prepared to negotiate the terms of an offer, but it is not in itself an offer that can be accepted to form a contract.

Option Agreement

A contract granting a party the right, but not the obligation, to buy, sell, or engage in a specific transaction at agreed terms within a specified time.

Property

Property refers to legally protected claims to resources, such as land, personal possessions, intellectual property, or other assets that are owned or controlled by a person or entity.

Unilateral Contract

A contract formed when one party performs what has been requested by the other party; there is a promise followed by an act, but not an exchange of promises.