Spark Inc (SI), a Multinational Corporation, Had Reported Large Losses in in the Previous

question 41

Multiple Choice

Spark Inc. (SI) , a multinational corporation, had reported large losses in the previous financial year. To overcome these losses, the company planned to take the instrumental approach to corporate management. Which of the following best illustrates this approach?

• A)It provides employees with healthy meals and has a gymnasium at the workplace.
• B)It provides employees with cab services or gives them fuel allowance.
• C)It uses its resources to enhance the productivity of employees and thus increases profits.
• D)It uses biodegradable plastic containers in its office cafeteria.

Comprehend the implications of modifying or rescinding a contract on third-party beneficiary rights.

Distinguish between intended beneficiaries and incidental beneficiaries within contracts.

Understand the concept of rights transfer and its conditions in contractual agreements.

Recognize the legal responsibilities of contracting parties in ensuring the fulfillment of contracted duties.

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Definitions:

Non-interest-bearing Notes

Debt instruments that do not accrue interest over time, thus repaid at their face value.

Incremental Borrowing Rate

The interest rate a lessee would have to pay to borrow over a similar term the funds necessary to purchase or lease an asset.

Non-interest-bearing Note

A promissory note in which no interest is earned or paid over the life of the note, with the borrower repaying only the face value of the note.