The Amount of Liquidated Damages Included in a Contract That

question 40

Multiple Choice

The amount of liquidated damages included in a contract that would be upheld by a court:

• A) may be regarded as a penalty.
• B) must be reasonable in light of the inconveniences or lack of feasibility of obtaining an adequate remedy.
• C) may be so high as to be punitive to the breaching party.
• D) All of these.
• E) None of these.

Understand the process and importance of conducting a social audit within organizations.

Appreciate the ethical obligations of consumers in the exchange process and the disposition of products.

Understand the concept of sustainable development and its importance in modern business.

Identify the various forms of social responsibility, including cause marketing and social audits.

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Definitions:

Determinant

A factor or element that brings about an outcome or influences a result.

Personality

A relatively stable set of characteristics that influence an individual’s behavior.

Conscientious

Describes a person who is thorough, careful, or vigilant in their duties or responsibilities.

Occupations

Refers to the various categories of jobs or career paths that individuals engage in to earn a living and contribute to society.