The ________ of an Organization Is the Framework That Management

question 152

Multiple Choice

The ________ of an organization is the framework that management has devised to divide tasks, deploy resources, and coordinate departments.

• A) lever
• B) system
• C) strategy
• D) structure

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Definitions:

Past Consideration

In contract law, the concept that an act or benefit provided before and independently of a promise does not constitute valid consideration for the promise.

Accord and Satisfaction

A legal contract wherein a dispute is settled by the parties involved agreeing to provide and accept something different than originally owed.

Doctrine of Promissory Estoppel

A legal principle preventing a party from withdrawing a promise made when the other party has reasonably relied on that promise to their detriment.

Preexisting Duty Rule

A legal principle stating that an existing obligation in a contract cannot serve as consideration for a new contract or for modifying the existing contract.