A liquidated damages provision specifies that a certain amount is to be paid in the event of a future default or breach of contract.
Answer the following statement true (T) or false (F)
True
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If the cash budget of a company shows a cash shortage, the company would most likely
A) arrange to take out a short-term loan. B) cut salaries of employees. C) sign up for fewer orders so that it could control costs. D) lay off employees for that period.
A group of sustainability-oriented customers and the businesses that serve them are referred to as the
A. black market. B. gray market. C. natural market. D. green market. E. eco-market.
Suzanne Searles, TransPort's manager of marketing, is traveling on business in a foreign country. She is negotiating a large contract with the ministry of agriculture, and the minister's deputy is asking for a "facilitation fee" of $250 USD to relax certain contractual requirements. At this point, Suzanne should
A. pay the deputy because the value of the contract is significant. B. accuse the deputy of unethical behavior and immediately return home. C. counter with a smaller amount, for example, $225 USD. D. contact law enforcement authorities in the foreign country. E. comply with TransPort's ethics program, telephoning her firm's ethics officer or legal counsel as needed.
Jordon, a senior executive at a marketing firm, used to regularly meet international clients to discuss future projects. After one of his recent meetings went wrong, Jordan, in a fit of rage, threw a paper weight at his junior associate. The firm's management immediately terminated Jordan for this act. In the context of business ethics, Jordon was guilty of _____ in this scenario.
A. an ethical lapse B. ethical hacking C. an ethical dilemma D. ethical consumerism