According to your textbook, a code of ethics should be developed through:
a. Adherence to legal obligations
b. Democratic participation by organizational members
c. Advice from corporate lawyers
d. Robust debate at board level
b. Democratic participation by organizational members
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Acme Global hired 20 new auditors last year. The average performance appraisal of the new auditors was 4.4 on a 5-point scale. The average for other auditors in the organization was 4.0. The new recruits’ performance is ____ percent above average.
A. 5 B. 10 C. 15 D. 20 E. 30
Johann, a well-known musician, agrees to give ten guitar lessons to Elton for $2,000 . Nothing in the contract itself prohibits a delegation. If Johann delegates his obligation to Eugene, a second-year musical student and enthusiastic guitar player, then the delegation will probably be:
a. permitted because contracts may be freely delegated. b. permitted because the contract is just for music lessons. c. prohibited because the contract is for service from a specific person. d. prohibited by the UCC because this is a sale of services.
Gruber opened a bank account in trust for his daughter. A month later, he changed his mind and decided to revoke the trust. Can he do this?
An authoritative document that provides an orderly summary and presentation of the common law of contract is:
a. the Restatement (2d) of Contracts b. the Contracts Commercial Code c. Cohen on Contracts d. the Statute of Frauds e. the Federal Register