1. A key characteristic of an organization is that it has? __________.
A. a mission statement and a vision statement
B. an advisory board
C. stockholders
D. customers
E. a purpose
2. A necessary characteristic of an organization is? ____________.
A. that it has goals the people work to achieve
B. it must produce something consumers or other businesses want to purchase
C. all members of the organization meet the federal requirements of eligibility to work in the United States
D. it must begin to show a profit after no more than five years
E. that there must be at least four individuals in the organization
3. If a professor charges extra fees to take a regularlary schedualed class, it would not be taken as a consideration because such an act:
A. is prohibited by promissory estoppels
B. Would violate the preexisting duty rule
C. Is a new consideration that is provided to support a modification
D. Is a tort