On 15 July, Brian and Jesse Plan to Attend a Large

question 8

Multiple Choice

On 15 July, Brian and Jesse plan to attend a large outdoor rock festival in St James's Park. However, because of a heightened terrorist threat in that period on major London landmarks, including Buckingham Palace, the concert has been cancelled at the last minute. Which of the following contracts has been frustrated?

• A) Brian's contract with a cab driver to bring him to the concert.
• B) Brian's contract with the boat house to hire a rowing boat to use on the lake in the park while the concert is taking place.
• C) Brian's contract with a restaurant opposite the stage offering a special 'rock & roll buffet' for the festival.

Understand the importance of being the primary source of information in managing rumors and gossip.

Understand the different types of communication within an organization.

Recognize the characteristics and importance of formal and informal communication.

Identify techniques to improve upward communication.

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Definitions:

Net Present Value

The contrast in the present value of money received and the present value of money spent over a designated duration, applied in capital budgeting to appraise the profitability of a potential investment.

Cash Inflows

Refers to the money received by a business from its various activities, including sales, investments, financing, etc.

Initial Cost

The upfront expenditure required to purchase an asset or to start a project, including setup or installation fees.

Initial Outlay

The initial investment amount required to start a project or purchase an asset.