Fact Pattern 27-1

question 66

Multiple Choice

Fact Pattern 27-1
Hal, Ira, and Jill are partners in Kappa Accessories, a computer peripherals firm.
-Refer to Fact Pattern 27-1.Hal signs a contract with Lycra Chips,a retail component supplier,allegedly on Kappa's behalf.The contract is binding on

• A) Hal, Ira, Jill, and Kappa.
• B) Hal only.
• C) Kappa only.
• D) no one.

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Definitions:

Organizational Culture

The shared values, beliefs, and norms that influence the way individuals within an organization interact with each other and with stakeholders.

Political Behavior

Actions taken within an organization to acquire, develop, and use power and other resources to obtain one's preferred outcomes in a situation where there is uncertainty or disagreement.

Political Performance

Refers to the strategies and behaviors employees or leaders use to gain power, influence decisions, and achieve objectives within an organization.

Goals And Standards

Refer to the objectives and benchmarks set by an organization or individual to gauge performance or progress.