To Illustrate the Positions,units,or Functions of an Organization and the Way

question 37

Short Answer

To illustrate the positions,units,or functions of an organization and the way they interrelate,use a(n)organization chart.

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise made to another if the latter has reasonably relied on that promise to their detriment.

Reasonable Reliance

A principle where a party acts based on the representation or promise of another, believing it to be true.

Bilateral Contract

An agreement involving two parties where each promises to perform an act in exchange for the other's act.

Unilateral Contract

A contract where one party makes a promise in exchange for an act by another party, which upon performance, binds the first party to its promise.