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An Executive Tries to Explain Why Her Vice-President of Finance

question 135

Multiple Choice

An executive tries to explain why her vice-president of finance has performed poorly on the current project. The executive noticed that the vice-president had performed well on similar projects in the past. The executive is using ______________ information in forming her situational attribution for the vice-president's poor performance on the current project.


Definitions:

Lost Profits

Financial gains that could have been earned but were not due to a breach of contract or other wrongful act.

Consequential Damages

Compensation for losses not directly caused by a breach of contract but resulting as a foreseeable consequence of the breach.

Breach of Warranty

The failure to fulfill the terms of a promise or guarantee made about the quality or functionality of a product or service.

40,000 Mile Warranty

A guarantee provided, typically by a vehicle manufacturer, covering repairs and certain maintenance for up to 40,000 miles of vehicle use.

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