Following negotiations, Office Park, Inc, enters into an informal contract with Quality Janitorial Company for custodial services for Office Park's buildings. This means that the parties' contract

a. requires no special form.
b. is freely open to either party's interpretation.
c. is subject to change by either party, within reason.
d. is not yet completely formed.


a

Business

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If the principal and agent agree in advance how long their relationship will last, their agreement is called

a. an agency at will. b. an agency of purpose. c. an express agreement. d. a term agreement.

Business

Limited liability companies are created by federal law.

Answer the following statement true (T) or false (F)

Business

Telecom companies maintain the large networks over which ____ communications travel.

A. telephone B. Internet C. both a. and b. D. neither a. nor b.

Business

At Max Construction Company, over 50 permanent work groups consisting of diverse members work together to build an entire construction plant. These groups have the authority to hire new employees, decide how to run their own projects, and establish budgets. These groups are examples of

A. task groups. B. informal groups. C. homogeneous teams. D. self-managing work teams.

Business