Answer:
Substantial performance
Explanation:
A substantial performance is described as a degree of performance of a contract which is not full and complete in performance, but which the performance is termed almost equivalent to what is expected. In substantial performance, the essential obligations of the contract have been performed but not all that is required under the contract.
Answer:
The correct answer is letter "E": identity the issues raised by the situation.
Explanation:
In front of a situation where the consequences are still unknown, an organization must track the places where the cause of the possible problem -in this case, the cloned cow meat- to find out if there are claims raised in those places. If so, the company must contact the individuals involved in the complaints and verify if the problem could have been created because of their fault. If that happened the casualties must be reduced to the minimum to avoid the company getting a bad image in the market that potentially could lead to lawsuits and losses.
Answer:
The business cease to exists unless sold or taken over by Joe's heirs.
Explanation:
Sole proprietorship is a term that describes the business enterprise which is owned or run by just one person known as the sole trader. In other words, sole proprietorship is a one man's business.
One of the major drawbacks of this kind of business is the fact that when a sole proprietor is sick or incapacitated, his/her business would suffer or cease to exist unless he/she sells it or allows family members (heirs) to take over its management or ownership.
Photojournalist or a smoke jumper?
Answer:
The correct answer is: market prices that are determined by consumers and producers acting in their own self-interest.
Explanation:
In a market system, the price of a good is determined by the intersection of demand for goods by consumers and the supply of goods by the producers. The price is determined at the point where the market forces of demand and supply are equal.
The producer is trying to maximize its profit while the consumer is trying to maximize its utility. Both are working for their self-interest and in this way are able to allocate scarce resources through the working of the market system.
