The management of a steel manufacturing company decides to set up a new plant in a rural area. However, this would create waste management issues for the company. On the other hand, the company would incur higher costs if it sets up the plant in another area. The management thus finds itself in a situation where both the actions will have a negative consequence. This scenario exemplifies a(n) _____.
A. ethical lapse
B. ethical dilemma
C. strange loop
D. false dilemma
Answer: B
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Which of the following statements is true about a material breach?
A) If a breach of contract is material, the injured party is entitled only to the cost of replacement. B) Even a minor deviation from the terms of the contract is considered a material breach of contract. C) Courts generally allow a party to cure a material breach even if the contract's time period has lapsed. D) The injured party can terminate the contract if the breach of contract is material.
Which of the following uses "work in progress" to indicate the future of a project?
A) earned value analysis B) budget at compliance C) planned value D) cost variance
Which of the following types of legal liability coverage is most likely to have a "long tail" problem, and thus be insured under a claims-made contract?
A) Water craft liability B) Auto liability C) Contractual liability D) Products liability
One complaint about the World Bank is
A) that it often lends to nations that have no trouble finding private funds. B) that it constantly implements ex post conditionality in its lending. C) that it primarily lends to African nations when there are many other regions in need of loans. D) that it practice of ex ante conditionality detracts from its credibility.