If Appropriate Assurance Is Not Given in Response to a Demand

question 23

Multiple Choice

If appropriate assurance is not given in response to a demand for assurance of performance, the demanding party may:

• A) treat the contract as repudiated.
• B) sue for libel.
• C) file for an insurance payment.
• D) not replace the repudiated contract.

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Definitions:

Time Employed

The duration or period an individual has been working in a particular job or organization.

Normative Commitment

A feeling of obligation to continue employment with an organization due to shared values and beliefs.

Affective Commitment

An employee’s emotional attachment to, identification with, and involvement in the organization.

Continuance Commitment

The level of commitment an employee feels towards their organization based on the costs they perceive in leaving it.