In Most Organizations,managers Are Often Rewarded Based on How Well

question 143

True/False

In most organizations,managers are often rewarded based on how well they meet the budget.

---

Definitions:

Commercial Parties

Entities involved in the exchange of goods or services within a commercial or business setting, typically companies or professionals.

Merchant

Under the Uniform Commercial Code, one who regularly deals in goods of the kind sold in the contract at issue, or holds himself out as having special knowledge or skill relevant to such goods, or who makes the sale through an agent who regularly deals in such goods or claims such knowledge or skill.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aiming to standardize regulations across states to facilitate easier commerce.

Contracts

Legal agreements between two or more parties that create mutual obligations enforceable by law.