The Pursuit of Profit Above All Else Is Likely to Inspire

question 76

True/False

The pursuit of profit above all else is likely to inspire all employees from the janitor to the CEO to work in co-operation and achieve the highest level of financial performance and shareholder value

---

Definitions:

Contract

A legally binding agreement between two or more parties that outlines obligations and rights.

Implied Warranty of Fitness

A legal guarantee that goods sold will meet the specific purpose for which the buyer is purchasing them, even if not explicitly stated.

Implied Warranty of Merchantability

A legal presumption that a product sold will meet the buyer's reasonable expectations of quality and functionality.

Implied Warranty of Title

A legal assumption that a seller has the right to sell a property and that the buyer will not face legal disputes over the title.