The Globalization Era

question 5

Multiple Choice

The Globalization era

• A)Began in the early 1980s with the personal computer
• B)Began in the 1960s when large organizations first purchased a centralized mainframe or minicomputer.
• C)Began in the 1990s when many organizations sought to regain control of the IT deparment and hired a Chief Data Processing Officer
• D)Is credited to the U.S.Navy when it used a project management approach to manage the Polaris missile project.
• E)Began after Y2K with the combination of technology and political barriers flattening the world so that people and organizations can work with almost anyone in any place at any time.

---

Definitions:

Bilateral

Pertaining to or involving two sides, parties, or countries, often used in the context of agreements or contracts that require obligations from both parties.

Unilateral

A mistake that is the result of an error by one party about a material fact, that is, a fact that is important in the context of the particular contract.

Offeror

An entity or person who puts forth a proposal or bid for a contract, indicating a willingness to enter into an agreement under specified terms.

Consideration

Something of value (such as money, services, or goods) that is exchanged between parties in a contract, making the agreement legally binding.