Examlex
Each employee's and each group's ongoing efforts to gather information and apply the information to their decisions in a learning organization is referred to as
Preexisting Duty
An obligation that one party already owes under the law or another agreement, which cannot serve as consideration for a new contract.
Cost of Doing Business
The total expenses incurred by a company in operating its business, including manufacturing, marketing, and administrative costs.
Adequacy of Consideration
The fairness of the value exchanged in a contract, ensuring that what is provided by each party is of comparable worth.
Financial Benefit
Any form of economic gain received, including income, dividends, or an increase in asset value.
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