Using liquidated damage clauses in delivery contracts is an example of mitigating strategy for ______.
a. security risks
b. failure to deliver the needed services on time
c. failure to realize the expected cost savings
d. market risks
b. failure to deliver the needed services on time
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One of the risks associated with internal control from IT is potential loss of data.
Answer the following statement true (T) or false (F)
Mega Skateboard Supplier had net sales of $2.1 million, its cost of goods sold was $1.1 million, and its net income was $0.7 million. Its gross margin ratio equals:
A. 48%. B. 191%. C. 33%. D. 52%. E. 64%.
The specific meaning of goodwill in accounting is:
A. Rights granted an entity to deliver a product or service under specified conditions. B. The cost of developing, maintaining, or enhancing the value of a trademark. C. Long term assets held as investment. D. The support of the board of directors for the operating decisions of management. E. The amount by which a company's value exceeds the value of its individual assets and liabilities.
Distortion by omission occurs when
A) you base your conclusions on a small database. B) the statistics you quote reflect hypotheses, not conclusions. C) you do not explain how you factored the problem. D) you use quotations out of context. E) you do not document all sources.