Christine Entered into a Contract with Vernon

question 68

Multiple Choice

Christine entered into a contract with Vernon. She was required to pay $5000 and he was to provide advice regarding a business venture that she was pursuing. If Vernon had performed properly, Christine would have earned a profit of $20 000. As a result of Vernon's careless performance, however, Christine suffered a loss of $10 000 (in addition to the $5000 that she had paid to Vernon) . Christine wants to sue Vernon in both contract and tort. Which of the following statements is TRUE?

• A) Christine will receive damages of $5000 if her claim in tort is successful.
• B) s the terms were explained in the text, Vernon owed a primary obligation to Christine in both tort and contract.
• C) As the terms were explained in the text, Vernon owed a primary obligation in contract and a secondary obligation in tort, at the moment before her acted carelessly.
• D) Christine will receive damages of $20 000 if her claim in tort is successful.
• E) Christine must choose between tort and contract, and cannot sue for both at the same time.

Understand the differences and roles of various types of planning within an organization (strategic, tactical, operational, and contingency).

Identify the responsibilities of different management levels (top management, middle management, first-line management) in the planning process.

Recognize the importance of setting a vision and executing organizational objectives to lead successful initiatives.

Grasp the concept of strategic planning and its significance in identifying organizational needs and marketplace opportunities.

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Definitions:

Cost of Labor

The total amount spent by businesses on employee wages, benefits, and payroll taxes.

Supply Chain Operation

The execution and management of activities involved in sourcing, procurement, conversion, and logistics management to produce and deliver goods or services.

Logistics Facility Location

The strategic decision-making process regarding the placement of logistical facilities, such as warehouses and distribution centers, to optimize supply chain efficiency.

Supply Chain Network Redesign

The process of reassessing and altering the structure of a supply chain to improve efficiency, reduce costs, or meet new market demands.