Pam Contracts to Buy a Quotient-Brand Computer Set-Up from Regal

question 81

Multiple Choice

Pam contracts to buy a Quotient-brand computer set-up from Regal Systems for $5,000, but Regal fails to deliver. Pam buys the computer else?where for $6,500. Pam's measure of damages is

• A) $1,500 only.
• B) $1,500 plus incidental damages.
• C) incidental damages only.
• D) $0.

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Definitions:

Stock Options

Financial instruments granted to employees, giving them the right to buy the company's stock at a fixed price in the future.

Sales Commissions

Financial rewards given to sales personnel based on the volume or value of sales they have achieved, serving as an incentive.

Piece-Rate Pay

A compensation system where employees are paid based on the quantity of units they produce or complete.

Decision-Making Responsibility

The obligation to make choices that affect an organization's performance and to bear the consequences of those choices.