Scenario C

question 74

Multiple Choice

Scenario C. Consider this scenario: Jay, the CEO of Cardinal Trucking, sends a memo to his Vice Presidents regarding new procedures for succession planning in their company. The Vice Presidents each meet informally, in pairs, to discuss the new procedures. When the procedures are announced to the other employees, they form feedback teams. These teams each draft memos providing feedback to the Vice Presidents and CEO regarding the advantages, disadvantages and potential problems with the new procedures.
-The meetings held by the Vice Presidents to discuss the contents of the memo from the CEO are examples of

• A)downward communication.
• B)upward communication.
• C)horizontal communication.
• D)management by objectives.
• E)vertical communication.

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Definitions:

Consumer Goods

Items that are bought for personal or household use rather than for manufacturing or reselling purposes.

Liquidated Damages

A predetermined amount of money that must be paid as compensation for failure to fulfill a contractual obligation.

Unconscionable

Refers to something that is extremely unfair or unjust, often to the extent that it shocks the conscience.

Consequential Damages

Indirect or secondary losses suffered as a consequence of a breach of contract, not directly related to the breach but a result of the specific circumstances of the plaintiff.