Nora Enters into a Contract with Oceanic Transport,Inc

question 31

Multiple Choice

Nora enters into a contract with Oceanic Transport,Inc.,to insure and ship a painting from France to the United States for a certain price.But Oceanic makes a mistake in adding the costs,which results in a contract price that is $1,000 less than the true cost.Most likely,a court would

• A)allow the parties to rescind the contract.
• B)award damages to Nora for the mistake.
• C)award damages to Oceanic for the mistake.
• D)enforce the contract as is.

Grasp the antecedents that interact to result in perceived causes of behavior.

Recognize how the attribution process impacts the workplace, including performance evaluations and relationships.

Understand the difference between internal and external attributions and when each is likely to be made.

Appreciate the role of cultural differences in perceptual processes, especially in attribution errors.

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Definitions:

Marginal Benefit

The additional contentment or utility that comes from the consumption or production of an extra unit of a good or service.

Marginal Cost

The expense associated with manufacturing an extra unit of a product.

Tutoring

A form of education where an individual provides personalized instruction to a student or a small group of students.

Marginal Benefits

The incremental satisfaction received from the consumption of one additional unit of a good or service.