When an Older, More Experienced Manager Sponsors and Teaches a Younger

question 46

Multiple Choice

When an older, more experienced manager sponsors and teaches a younger, less experienced manager, this is known as

• A) mentoring.
• B) off-the-job training.
• C) on-the-job training.
• D) group therapy.
• E) networking.

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Definitions:

Consideration

Something of value (such as money, goods, or services) that is exchanged between parties in a contract, making the agreement legally binding.

Output Contract

An agreement in which a seller agrees to sell all the production to a particular buyer, who agrees to purchase it.

Requirements Contract

A contract in which one party agrees to supply as much of a good or service as the other party needs during a specified period.

Bilateral Contract

A type of contract involving two parties where each party has made a promise to the other.