In May, Rolf agrees to work for Soda Sales Company at $800 per week for a year beginning June 1. The following January, Tropic Beverages, Inc., offers Rolf the same work at $900 per week. Rolf tells Soda about the offer. Soda offers to enter into a new contract with Rolf at $875 per week. If Rolf agrees, is the new Soda contract enforceable? Why or why not?
What will be an ideal response?
Rolf's new contract with Soda is enforceable. Because the original contract had not been fully performed, it was executory. Soda's offer and Rolf's acceptance to agree to a new contract could operate as a rescission of the original contract. If Rolf had broken the original contract to accept the offer from Tropical Beverages, or if he broke the new contract to accept that offer, he might be held liable to Soda for damages for the breach.
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A) Asset increases and the equity remains unchanged. B) Assets increase and the equity decreases. C) Both assets and equity increase. D) Assets increase, liabilities decrease, and the equity remain unchanged.
All of the following differentiate emotional labor from other forms of impression management EXCEPT ______.
A. done for pay B. interact with those inside the organization C. carefully scripted by the organization D. interact with those outside the organization
Kellogg's was forced to remove its claims that Rice Krispies increased children's attentiveness from its cereal boxes
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Identifying corporate responsibility initiatives that will align with a corporation’s business strategy and create shared value is a significant challenge for companies across all industries. 2. Corporations often ramp up their corporate responsibility efforts because of heightened awareness among top management of how changes in the environment affect the organization. 3. While some articles look at bottom-up generation of ideas, where employee values influence the CR strategy, there a few examples of successful CR strategy implementation without CEO support and a strong supporting organizational infrastructure. 4. The interdependence of a company and society can be analyzed with the same tools used to analyze competitive position and develop strategy. 5. While the ideal approach to external partnerships is a proactive one, such partnerships can be useful to corporations even if entered only after a crisis.