Why are contracts essential to the business process?
A) They provide assurance that agreements will be honored and can be relied upon.
B) They slow down the process and give the parties a chance to change their minds.
C) They make it easier to get out from under a business transaction.
D) They guarantee that all of the parties will make a profit from the transaction.
A
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Discuss how feedback affects group performance.
What will be an ideal response?
Your company gives training to employees after 1 month on the job. Over the next several months, they appear to get better at their jobs, which you attribute to the training given. However, it is possible this effect is actually due to a validity threat called ______.
A. maturation B. instrumentation C. history D. statistical regression
Answer the following statements true (T) or false (F)
1. Tenancy by the entirety exists only between married couples. 2. Community property is all property acquired prior to a marriage or acquired during marriage by gift or inheritance. 3. A fee simple estate is fully transferable during the life of the owner. 4. In a tenancy for years, the person in possession has actual ownership of the property for the designated period of time. 5. A Lady Bird deed states that the deed holder retains the right to transfer the entire property without obtaining consent of the owner of the reversionary holder or remainder interest.
Which of the following wills accompanies a revocable living trust?
a. Pour-over will b. Nuncupative will c. Holographic will d. Simple will