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aev [14]
3 years ago
3

Chris, a Consultant, entered into a services agreement with Olivia, the owner of a marketing research company, in which Chris ag

reed to provide his services to Olivia’s company for 30 hours each week during the month of March. On March 1st, the start date of the contract, Chris does not show up at Olivia’s offices, instead he sends an email in which he tells Olivia that he has decided not to do the project and instead will spend the month in Hawaii. Olivia engages a recruiter to find a replacement consultant to cover the project. Olivia has to pay the recruiter a fee of $4,000 to find another consultant. If Olivia sues Chris for breach of contract, she can claim the $4,000 payment to the recruiter as
Business
1 answer:
-BARSIC- [3]3 years ago
6 0

Answer:

Nominal damages

Explanation:

Nominal damages shall be paid when the claimant is lawfully in the right but has not sustained major losses. Since the plaintiff has no proven claim for compensation, the amount awarded in these cases is normally very little. These can either cover the legal fees of the plaintiff, or they can be only as low as one dollar.

Some of the key reasons a person may seek a claim for nominal damages include:

1. Prove they were right .

2. To allow the plaintiff to claim punitive damages for the defendant .

3. Starting to struggle with a significant question, such as violating constitutional rights.

So, according to the situation, the right answer is nominal damages.

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* Distinguish between Accounts Receivable and<br> Account Payable.
geniusboy [140]

Explanation:

Accounts receivable is money owed to a company by its debtors.

Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.

6 0
3 years ago
Read 2 more answers
Hugh, Frank, and Luis are the only three buyers of gold in a small mining town. Their inverse demand functions for gold are as f
saveliy_v [14]

Answer:

Explanation:

Hugh p= 480 - 48Qh

Frank p= 80 - 8Qf

Louis p= 20 - 2Ql

1. price of an ounce of gold = $20

Hugh will demand: 20 = 480 - 48Qh; Qh = 460/48 = 9.58 ounce

Frank will demand: 20 = 80 - 8Qf; Qf = 60/8 =7.5 ounce

Louis will demand: 20 = 20 - 2Ql; Ql = 0 ounce

Total demand = 9.58+7.5+0=17.08 ounce

2. quantity demanded of gold in this market is 16.50

Hugh Demand function: p=480-48Q , Q=10-p/48

Frank Demand function: p=80-8Q , Q= 10-P/8

Lius Demand function: p=20-2Q , Q= 10-p/2

Hugh will demand 0 quantity at , p=480-48*0 = $480

Frank will demand 0 quantity at , P=80-8*0 = $80

Lius will demand 0 quantity at , p=20-2*0 = $20

So when Price is between 80 to 480 only Hugh will participate in market. The demand function will be Q= 10-P/48

When Price is between 20 to 80 only Hugh and Frank will participate in market. The demand function will be Q=10-p/48 + 10-P/8   = 20-7p/48

When Price is between 0 to 20  all three will participate in market. Hence demand function will be Q=20 - 7p/48 + 10 - p/2  = 30 - 31p/48

When Demand is 16.5 ounce and if Price is between 80 to 480, then 16.5=10-P/48

P/48=-6.5

This is not possible

When Demand is 16.5 ounce and if Price is between 20 to 80, then

16.5=20-7p/48

7p/48 = 20-16.5

p = 48*3.5/7 = $24

Market price of an ounce of gold must be $24

6 0
4 years ago
A company’s code of conduct is likely to include rules on
ludmilkaskok [199]
Answer:

C. personal use of company confidentiality agreement
4 0
3 years ago
Read 2 more answers
True or false: Business analytics is defined as the analysis of data to better solve business problems.
Verizon [17]

It is true that business analytics is defined as the analysis of data to better solve business problems.

<h3>What is business analytics?</h3>

Business Analytics is the process whereby businesses use statistical methods and technologies for analyzing data to aid decision making.

The goal of business analytics are:

  • To determine which datasets are useful and how they can be leveraged to solve problems.
  • To increase efficiency, productivity and revenue.

Therefore, business analytics is defined as the analysis of data to better solve business problems.

Learn more about business analytics here: brainly.com/question/8302926

3 0
2 years ago
What does it mean for a decision maker to maximize value? Select one: a. to make the decision to be as clear and logical as poss
Irina-Kira [14]

Answer: Option D

       

Explanation: In simple words, value maximization in decision making refers to the concept in which the decision makers tries to make a decision through which both the parties involved gets maximum benefit.

Thus, he takes into consideration the concerns of both the parties without any bias and tries to make the best outcome out of it.

Hence from the above we can conclude that the correct option D.

7 0
3 years ago
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