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A manager who has the trust and commitment of coworkers and subordinates has referent power.
Consequential Damages
Consequential damages refer to losses or harm that do not directly stem from a party’s actions but are a secondary result of those actions.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to fulfill a contract or meet certain conditions.
Punitive Damages
Financial compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses, intended to punish the defendant for egregious wrongdoing.
Punitive Damages
Monetary compensation awarded to an aggrieved party that exceeds simple compensation and is intended to punish the wrongdoer.
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