Randy and Donald Were Property Developers, and They Decided to Construct

question 41

Multiple Choice

Randy and Donald were property developers, and they decided to construct a condominium in a certain neighborhood. Jim, who owned a chain of restaurants, heard of this agreement and opened a new restaurant in the same neighborhood even before the condominium construction began. However, the plan for the condominium was not approved by the state authorities, and the project was cancelled. Jim suffered losses as a result, but he had no rights in the contract because he was a(n) :

• A) material beneficiary.
• B) substantial beneficiary.
• C) incidental beneficiary.
• D) third-party beneficiary.

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Definitions:

Forms of Commitment

Different types of psychological bonds that influence an individual's attachment and loyalty to an organization or cause.

Workplace Changes

Alterations, modifications, or transformations in the working environment, processes, or culture within an organization.

Organizational Commitment

The psychological attachment and loyalty an employee feels towards their organization, often predicting retention and engagement levels.

Interesting Work

Tasks or projects that are engaging, stimulating, and hold the attention of the employee or participant, often leading to increased job satisfaction.