Allen Hired Beth to Do a Marketing Survey

question 10

Multiple Choice

Allen hired Beth to do a marketing survey. The contract provided that she would start the work on January 15 and finish it by March 15, the date for completion being a condition on the contract. She would be paid $2000. After one month of work, when the work was half completed, Beth assigned the $2000 contract price to Charlie, from whom she had bought computer hardware. Charlie gave written notice of the assignment to Allen on the same day. The second month's work went badly. Information entered into the computer was lost and Beth could not finish on time. She was five days late, and each day cost Allen $100. His total foreseeable loss was $500 because of her breach. On these facts, which of the following is true?

• A) Charlie could receive only $1000 from Allen because half of the $2000 project was finished when he gave notice of the assignment to Allen.
• B) Charlie could receive $2000 from Allen because that is the amount owed to Charlie and the amount assigned by Beth.
• C) Charlie could receive $1500, because when the contract was completed, that was all that was legally owed to Beth.
• D) Charlie could receive only $1000 from Allen because only half the work was done when the assignment was made.
• E) Charlie gets $0 from Allen because one can assign contractual obligations but not contractual rights.

Analyze the impact of cultural differences on motivational theories.

Assess the importance of achievement motivation in managerial success and leadership.

Understand the application of motivation theories in real-world scenarios through case studies like John Schnatter of Papa John's Pizza.

Critique misconceptions within motivation theories such as the actual motivators and hygiene factors in Herzberg’s theory.

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Definitions:

Stock Dividend

A form of dividend payment made in additional shares of the issuing corporation, rather than in cash.

Reverse Stock Split

A corporate action that consolidates the number of existing shares of stock into fewer, proportionally more valuable shares.

Shares

Units of ownership interest in a corporation or financial asset, providing a proportionate claim on its assets and profits.

Stock Split

An action by a corporation where it splits its current shares into numerous shares, aiming to increase the shares' liquidity.