An Organization Cannot Function with Only the Management or Just

question 74

Essay

An organization cannot function with only the management or just the production team.Briefly describe the types of teams using the criteria of purpose and activity, life span, and member involvement.

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Definitions:

Statutory Assignment

refers to the legal transfer of rights from one party to another, based on statutory laws rather than contractual agreement.

Equitable Assignment

The transfer of future rights to benefits in a contract to another party, recognized by equity courts.

Novation

The process of replacing an existing obligation with a new one, effectively transferring the rights and duties to another party.

Breach of Contract

The act of not executing any part of a contract, either written or oral, lacking a legitimate legal rationale.