Consideration Required in an Enforceable Contract Can Take Various Forms

question 34

True/False

Consideration required in an enforceable contract can take various forms such as exchange of promises, forbearance, and pledges or subscriptions.

Identify the outcomes of poor onboarding programs and evaluate training program effectiveness.

Grasp the role of career planning and career counselling in employee development.

Understand the importance and methods of training needs assessment.

Comprehend the concept and processes involved in employee orientation and socialization.

---

Definitions:

Exclusion

The act of preventing certain groups or individuals from participating or being included within an activity, process, or benefit.

Inclusion

The practice or policy of providing equal access to opportunities and resources for people who might otherwise be excluded or marginalized.

Monopsonist

A market condition where there is only one buyer for a particular product or service, giving the buyer significant control over prices.

Labor Market

The supply and demand for workers, in which employers seek to hire labor and workers find employment. The labor market dynamics influence wages and employment levels.