Which of the Following Is an Example of a Corporate

question 28

Multiple Choice

Which of the following is an example of a corporate ritual?

• A) Joe and Ed swap stories about the company's history and past heroes who have made significant contributions to the company.
• B) Company executives use company-specific jargon or slogans intended to inspire other employees to perform better.
• C) Every customer who buys a new car at Eby Ford and Lincoln rings a gong and is rewarded with applause from the entire sales staff.
• D) In the reception lobby is an assortment of material artifacts such as trade magazines, industry awards, photos of the employees-of-the-month, and samples of products.

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Definitions:

Good Faith

An honest intention to act without taking unfair advantage over another party, reflected in business deals and contracts.

Consequential Damages

Compensation for losses that directly and foreseeably result from the breach of a contract or other wrongful act.

Lost Profits

Damages claimed in a lawsuit representing the profits one would have made but for another party's wrongful act.

Speculative

Involving a high risk of loss but also offering the potential for substantial gains, often based on future expectations rather than current realities.