Gap-Closing Initiatives That Depend on Some Form of Organization Change

question 42

True/False

Gap-closing initiatives that depend on some form of organization change are riskier than those entailing additional costs.

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Definitions:

Innocent Misrepresentation

A false statement made about a material fact by a person who believed the statement was true.

Material Fact

An important fact that, if known, could influence a decision in a contract, transaction, or legal case. It is a fact that matters to the matter at hand.

Rescind

To revoke, cancel, or annul a contract or agreement, typically due to the discovery of errors or fraud.

Innocent Misrepresentation

A false statement made by one party to another without knowledge of its falsity, not intended to deceive, but which leads the other party to enter into a contract or agreement.