Which of the Following Is an Example of an Alternative

question 26

Multiple Choice

Which of the following is an example of an alternative method of dealing with a breach of contract,rather than starting a lawsuit?

• A) Treat the subject matter of the contract as a standard or ordinary commodity.
• B) Maintain the project's profitability by insisting on full compensation for any loss.
• C) Seek sufficient compensation for any resulting loss but extend the time for payment.
• D) Show respect for the other party while seeking a standard of reasonableness in return.

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Definitions:

Piece Rate Pay

A compensation system where employees are paid based on the amount of work completed, not on the amount of time worked.

Hourly Pay

A method of compensation where employees are paid for each hour of work performed, commonly used for part-time or temporary positions.

Safe Working Practices

Guidelines and procedures designed to reduce the risk of accident or injury in the workplace.

Administering Punishment

The process or act of imposing a penalty for an offense or wrongdoing.