Which of the Following Is a Way of Saying That

question 8

Multiple Choice

Which of the following is a way of saying that a corporation has a set of identifiable values that establish the expectations for what is normal within the firm?

• A)Organizational culture
• B)Organizational policy
• C)Organizational code
• D)Organizational structure

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Definitions:

Express Contracts

Contracts in which the terms are stated explicitly and can be oral or written.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, intended to standardize and simplify the law across states.

Personal Property

Describes movable assets or belongings that are not permanently attached to or part of real estate; includes items such as furniture, vehicles, and electronics.

Promissory Estoppel

A rule of law that bars an individual from retracting a commitment made to another if the second party has justifiably depended on this pledge to their harm.