What is consideration and what are the two basic elements of consideration?


Consideration is the inducement, price, or promise that causes a person to enter into a contract and forms the basis for the parties' exchange. Contracts must be a two-way street. If one side gets all the benefit and the other side gets nothing, then an agreement lacks consideration and is not an enforceable contract. Consideration is proof that the parties intended to be bound to their promises. There are two basic elements of consideration: value and bargained-for exchange.

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Kim is a leader who promotes honesty and acts based on her moral values and beliefs. Kim is demonstrating ______.

A. humble leadership B. servant leadership C. ethical leadership D. transformational leadership

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You can improve the reader’s response to bad news when you ______.

A. offer a reason for the outcome B. provide an alternative or a compromise whenever possible C. bluntly start off with the bad news D. both offer a reason for the outcome and provide an alternative or a compromise whenever possible

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-mail has the same formal tone and format as letters and reports

Indicate whether this statement is true or false.

Business

Which of the following values of alpha would cause exponential smoothing to respond the SLOWEST to forecast errors?

A) 0.10 B) 0.2246 C) 0.50 D) 0.90 E) cannot be determined

Business