As the Manager of a Slate Mining Company, You Need

question 28

Multiple Choice

As the manager of a slate mining company, you need to hire the best auditor available for the job. You and your executive team are very pressed for time and scheduling interviews with each candidate with each executive would be very time consuming. Personally, you know little about the technical aspects of the auditing function, although your financial executive does. You will be bringing in a diverse group of applicants. Your executive team is composed of two white males, an Asian male and a white female. Which selection process should you use?

• A) Use a panel interview.
• B) Go with your instincts and pick the person that seems to suit your personality.
• C) Do not use the interview process at all.
• D) Hire headhunters to find the assistant.
• E) There is no way to avoid this problem. Interviewing is intrinsically time consuming.

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Definitions:

Express Repudiation

The clear and unequivocal refusal to perform one's obligations under a contract.

Anticipatory Breach

Occurs when one party to a contract indicates, either through their actions or words, that they will not fulfill their contractual obligations, allowing the other party to seek remedies before the breach actually occurs.

Performance Date

The specified day by which a contractual agreement, task, or duty must be completed.

Liquidated Damages Clause

A contract provision that specifies a predetermined amount of money one party will pay to the other if they breach certain clauses of the contract.