Lewis, an employee of Silos, Inc, makes a substantial mathematical error in totaling the estimated costs for a project for which AgriCo-op is seeking bids. Consequently, Silos's bid is significantly low. Refer to Fact Pattern 14-2. Any contract with AgriCo-op that includes the mistake may be rescinded
A) if the error was made inadvertently and without gross negligence
B) if the error was made intentionally or negligently.
C) if the error was made intelligently but distractedly.
D) under no circumstances.
A
You might also like to view...
Pie charts, which are circles divided into sections, are useful for illustrating relative size or static comparisons
Indicate whether the statement is true or false
Which one of the following below is not a factor that influences a business's control environment?
A) management's philosophy and operating style B) organizational structure C) proofs and security measurers D) personnel policies
Explain the role of the financial section of the business plan, including where the information comes from, who the primary audience is, and what internal planning function this section serves.
What will be an ideal response?
Which of Henri Fayol's 14 principles of management refers to keeping communications within the chain of command?
A. unity of command B. scalar chain C. discipline D. authority E. equity