Recall the Application About Price Fixing in the Marine Hose

question 391

Multiple Choice

Recall the Application about price fixing in the marine hose industry to answer the following question(s) .
-Recall the Application. The authors provide evidence that

• A)fines are more effective than prison terms at discouraging executives from engaging in illegal behavior.
• B)prison terms are more effective than fines at discouraging executives from engaging in illegal behavior.
• C)executives who are arrested prefer to serve time in prison than pay fines.
• D)when arrested, executives are given the choice between paying a fine and going to prison.

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Definitions:

Additional Work

Tasks or services that are added to the original scope of a contract or agreement, often requiring a modification to terms and additional payment.

Preexisting Duty

An obligation that one party is already legally required to perform, which cannot serve as consideration for a new contract.

Highlights

Key points or significant details that stand out within a larger context.

Preexisting Duty

An obligation that a party is already legally bound to perform, which cannot serve as consideration for a new contract.