Refer to the Scenario Below to Answer the Following

question 17

Multiple Choice

Refer to the scenario below to answer the following.
A Look Back (Scenario)
Cindy Schultz, tired from working with customers all day, decided to take a 1
-In her dream, Cindy met __________, a researcher who described an ideal type of organization and called it a bureaucracy.

• A) Henri Fayol
• B) Max Weber
• C) Chester Barnard
• D) Frank Gilbreth
• E) Mary Parker Follett

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Definitions:

Legally Sufficient Consideration

Consideration that is considered to be enough or adequate under the law for a contract to be binding.

Preexisting Duty

An obligation that one party already owes under the law or another agreement, which cannot serve as consideration for a new contract.

Cost of Doing Business

The total expenses incurred by a company in operating its business, including manufacturing, marketing, and administrative costs.

Adequacy of Consideration

The fairness of the value exchanged in a contract, ensuring that what is provided by each party is of comparable worth.