Vance and Jared Were Both Recently Hired to Be Program

question 82

Multiple Choice

Vance and Jared were both recently hired to be program directors at an urban university. Vance attended a large, historic university while Jared attended a branch campus of a regional university. Jared is paid 15 percent more than Vance. The best explanation for this is ________.

• A) Jared is a better negotiator
• B) Vance did not do well in school
• C) Jared's position is worth more to the university
• D) Vance's position is not important to the university
• E) the institution is not competitive within the industry

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Definitions:

Agreement

A mutual understanding or arrangement between two or more parties, often formalized by a contract, regarding their rights and responsibilities.

Tender

An offer by a contracting party to perform, along with being ready, willing, and able to perform, a duty outlined in the contract.

Conditional Contracts

Legal agreements that require certain conditions to be met before they are fully enforceable.

Quasi-Contract

A court-imposed contractual obligation to prevent unjust enrichment.