Change Effort Known as Theory O Emphasizes

question 28

Multiple Choice

Change effort known as Theory O emphasizes

• A) economic incentives
• B) organizational restructuring
• C) employee efficiency
• D) a culture of trust and commitment

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Definitions:

Creditor Beneficiary

A third party that benefits from a contract in which one party promises to pay a debt owed to the third party by the other contract party.

Promisee

The party in a contract who is promised something by another party (the promisor) and stands to benefit from the fulfillment of that promise.

Novation

The act of replacing one obligation with another, which involves a new party or a new agreement and extinguishes the original contract.

Substitute Contract

A legal agreement that replaces a previously made contract, either rectifying it or substituting parties or terms in the contract.