Which of the Following Have All Their Terms Clearly Set

question 30

Multiple Choice

Which of the following have all their terms clearly set forth in either written or spoken words?

• A) Implied contracts.
• B) Express contracts.
• C) Liquidated contracts.
• D) Bilateral contracts.
• E) Unilateral contracts.

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Definitions:

Productive Systems

Systems or mechanisms designed to generate outputs at an efficient rate by effectively using inputs.

Transform Resources

Involves altering or developing organizational resources to enhance efficiency or achieve a specific goal.

Operating Efficiencies

The capability of a firm to maximize outputs from given inputs, thereby minimizing its costs.

Competitive Advantage

The attributes or capabilities that allow an organization to outperform its competitors, typically leading to greater market share or profitability.