During an Episode of Mad Men,the Ad Firm Was Bought

question 124

Multiple Choice

During an episode of Mad Men,the ad firm was bought by a British agency.Then a Brit was brought in to oversee operations.This is an example of

• A) expanding the resource base.
• B) enhancing coordination of interdependence.
• C) setting superordinate goals.
• D) matching personalities and work habits of employees.
• E) hiring outsiders to shape up things.

---

Definitions:

Novation

The act of replacing an old contract with a new one, substituting a new party into an existing agreement.

Mortgage

A legal agreement by which a bank or creditor lends money at interest in exchange for taking title of the debtor's property, with a clause for voiding the agreement upon repayment.

Discharged

In legal terms, released or freed from an obligation, duty, or liability.

Incidental Beneficiary

A third party who may benefit from a contract between two other parties, albeit unintentionally and without the legal right to enforce the contract terms.