What are the standards set by the courts that the plaintiff-buyer must meet in order to recoup lost profits when a seller has breached a contract?
What will be an ideal response?
The courts have set out three standards that the plaintiff-buyer must meet in order to recoup lost profits: a) The plaintiff-buyer must show that it was reasonably foreseen by the defendant-seller that if it did not deliver the promised goods, the buyer would have no alternative source and, thus, would lose profits; b) The plaintiff-buyer must show the amount of the damages with reasonable certainty; the buyer cannot just speculate about what this amount is; and c) the plaintiff-buyer must show that it did everything possible to mitigate the damage—that is, it looked for other possible sources of the goods.
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Two or more freely interacting individuals who share norms, share goals, and have a common identity form a
A. cluster. B. self-managing work team. C. group. D. quality circle. E. collaborative unit.
Social capital has many potential benefits. However, some argue that social capital
A. always hurts firm performance. B. usually restricts the productivity of employees. C. is always beneficial to a firm. D. may or may not be beneficial to a firm.
Senior management at TrueBlue feels that the current performance appraisal method is too vague and rather subjective. They might want to consider incorporating either a behavioral checklist or critical incident method in order to increase specificity.
Answer the following statement true (T) or false (F)
A(n) ________ would exist if an employee has no actual conflict of interest but other people might view the situation and wrongly believe that there is an actual conflict of interest.
A. Apparent conflict of interest B. Potential conflict of interest C. Perceived conflict of interest D. Subjective conflict of interest