Lisa Enters into a Contract with Acme Groceries,Inc

question 43

Multiple Choice

Lisa enters into a contract with Acme Groceries,Inc. ,in which she promises to purchase groceries "as she determines appropriate in the future" from Acme,and Acme promises to sell such groceries to Lisa.This is an example of:

• A)Adequate consideration;a promise for a promise.
• B)An illusory promise by Lisa.
• C)An output contract.
• D)An option contract.
• E)A requirements contract.

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Definitions:

HRIS

Human Resources Information System is a software or online solution used for data entry, data tracking, and data information needs of the HR, payroll, management, and accounting functions within a business.

Automation

The use of technology to perform tasks without human intervention, often applied to manufacturing, processes, and systems to increase efficiency and reduce human error.

Service Delivery

The process of providing services to customers or clients, focusing on the quality, efficiency, and effectiveness of the service.

Attrition

Loss of employees due to their voluntary departures from the firm through resignation, retirement, or death.