_____ Are Those That Result If the Terms of the Contract

question 2

Multiple Choice

_____ are those that result if the terms of the contract are not fulfilled and must be defined prior to the breach under the terms of the contract.

• A)Consequential damages
• B)General damages
• C)Incidental damages
• D)Reliance damages
• E)Liquidated damages

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Definitions:

Research and Development (R&D)

is a business or government activity that focuses on the pursuit of innovation through scientific research and product development.

Multinationals

Companies that operate in multiple countries, adapting their strategies to different legal and cultural environments.

Net New Jobs

The total number of jobs created by a business or sector minus the number of jobs lost, indicating overall employment growth.

Small Business Administration

A U.S. government agency that provides support to entrepreneurs and small businesses through loans, grant programs, and counseling.