Alpha Corp Recently Suffered Two Losses

question 29

True/False

Alpha Corp recently suffered two losses.First, as a result of the carelessness of its financial adviser, Jewel, it lost $100 000 when it invested in worthless shares.Second, in a separate incident, it lost $50 000 when its lawyer, Maia, failed to file a certain document at the land registry office on time.Both Jewel and Maia are liable to Alpha for the tort of negligence.The doctrine of joint and several liability always applies if two or more tortfeasors are liable to the plaintiff.Alpha is entitled to claim $150 000 from Jewel, and Jewel would then be entitled to claim $50 000 in contribution from Maia.

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Definitions:

Wastewater Treatment

The process of removing contaminants from wastewater, primarily from household sewage and industrial waste, to produce water that is safe to release into the environment.

McGregor's Theory

A concept in management theory, divided into Theory X and Theory Y, that describes two contrasting views of workforce motivation and behavior.

Expectancy Theory

A motivational theory suggesting that individual motivation is influenced by the expectation of desired outcomes and the attractiveness of those outcomes.

Herzberg's Motivation-Maintenance Theory

A refined explanation of Herzberg's theory specifying motivation factors that inherently motivate employees and hygiene factors needed to prevent dissatisfaction.