How does a contract differ from a mere social agreement?


A contract creates a legally binding economic obligation for the parties that a court will enforce. A social agreement creates a moral rather than a legal obligation.

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In a television advertisement, Chris is about ready to lose a girlfriend because he did not purchase the right piece of jewelry. A voice-over offers a solution, the jewelry is purchased at the advertised store and the girlfriend is now happy

This illustrates which form of executional framework? A) slice-of-life B) testimonial C) fantasy D) informative

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Which of the following is true about invigilation?

a. The strict controls imposed are temporary in nature. b. During the period of invigilation, evidence is presented to suspects with the hopes of getting a confession. c. When invigilation is conducted, it is best to cover all aspects of the business. d. Invigilation should be accomplished in 5-7 days.

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First-line managers spend most of their time working with and motivating their employees, answering questions, and solving daily problems.

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

Business

Which of the following companies used benchmarking to achieve an order-shipping accuracy of 99.9 percent?

A) Ford Motor Co. B) L.L. Bean C) GE Aviation D) Nike E) 1-800-Flowers

Business