What Is the Primary Objective of a Plan

question 68

Multiple Choice

What is the primary objective of a plan?

• A)It outlines how goals are going to be met.
• B)It explains the company's slogan.
• C)It provides information about company financials for stakeholders.
• D)It guides ethical decision making.
• E)It sets research and development priorities.

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Definitions:

Obligee

A contractual party who agrees to receive something from the other party.

Third-Party Rights

Third-party rights refer to the rights that the law grants to individuals or entities who are not directly involved in a contract but may be affected by it.

Donee Beneficiary

A third party who benefits from a contract made between two other parties.

Incidental Beneficiary

A third party who benefits from a contract between two other parties, despite not being a party to that contract and having no rights to enforce the terms of the contract.