Tom Makes Pottery in His Spare Time

question 18

Multiple Choice

Tom makes pottery in his spare time. Jackie asks if he'd sell her a covered bowl. Later that day, he telephones her and says she can have it for $50. She agrees, so he tells her he'll wrap it up for her and it will be ready in half an hour. Six days later, Jackie had not yet come for the bowl when a dog knocks the box off the shelf and breaks the bowl. Who is liable?

• A) Tom, because Jackie had not yet received the bowl.
• B) Tom, because the bowl was in his possession when the dog broke it.
• C) Jackie, because she had identified the bowl.
• D) Jackie, because Tom had tendered the bowl to her nearly a week earlier.

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Definitions:

Planning

The process of defining goals, establishing strategies for achieving those goals, and developing plans to integrate and coordinate activities.

Creative Functions

Roles or actions that generate innovative ideas or outcomes through imaginative or original thinking.

Risk Averse

A tendency to avoid risks or to minimize potential losses.

Experienced Managers

Professionals who have gained knowledge and skills in leading and making decisions through years of overseeing organizational operations.