Which of the following statements is true of mitigation of damages?

A) The breaching party must make efforts to mitigate damages resulting from the breach of contract.
B) If an employer breaches an employment contract, he or she owes a duty to mitigate damages by trying to find substitute employment for the employee.
C) The extent of mitigation of damages required is common to all kinds of contracts.
D) If an employer breaches a contract, the employee is only required to accept comparable employment.


D

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What will be an ideal response?

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GAAP requires companies to ________ method to record bad debts expense.

A) use the direct write-off B) use the allowance C) select either the direct write-off or allowance D) use the fair value

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Liabilities requiring the future delivery of goods or services appear on the balance sheet at the ______________________________ of those goods and services

Fill in the blank(s) with correct word

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Under which ethical system would it be ethical to compel a few citizens to undergo painful or fatal medical tests in order to develop cures for the rest of the world?

a. Utilitarianism. b. Ethical fundamentalism. c. Distributive justice. d. Libertarianism.

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