Why should a contract state that it reflects the entire agreement of the parties and can only be amended in writing signed by both parties?
What will be an ideal response?
Doing so prevents employee claims that the employer made oral promises or agreements that expanded his or her rights.
You might also like to view...
On April 1, Garcia Publishing Company received $1,548 from Otisco, Inc. for 36-month subscriptions to several different magazines. The company credited Unearned Fees for the amount received and the subscriptions started immediately. Assuming adjustments are only made at year-end, What is the adjusting entry that should be recorded by Garcia Publishing Company on December 31 of the first year?
A. debit Unearned Fees, $129; credit Fees Earned, $129. B. debit Unearned Fees, $1,548; credit Fees Earned, $1,548. C. debit Unearned Fees, $1,161; credit Fees Earned, $1,161. D. debit Unearned Fees, $516; credit Fees Earned, $516. E. debit Unearned Fees, $387; credit Fees Earned, $387.
Which of the following is not a possible element of a broad mission?
a. innovation b. a product c. excellence d. socially based core purpose
Avey Corporation had $275,000 in invested assets, sales of $330,000, income from operations amounting to $49,500 and a desired minimum rate of return of 7.5%. The rate of return on investment for Avey Corporation is:
A) 8% B) 10% C) 18% D) 7.5%
Successful firms are very careful in selecting the work to be outsourced. If expectations and requirements are fuzzy or open to debate, working together can become very difficult. The following are ways to clarify requirements and procedures EXCEPT
A. Make sure communication is well structured and interactions are managed to avoid confusion. B. Establish who has access to certain information through robust safeguards. C. Contract only work with clearly defined deliverables with measurable outcomes. D. Make sure that different firms' project management systems are integrated. E. Document your requirements.