MCS 3040 Lecture Notes - Lecture 1: Groot, Severance Package, Alternative Dispute Resolution

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Joe Radocchia

Document Summary

Answer: b: kamal is a computer technician who is about to enter into a one-year contract to provide it services to a real estate agency. From kamal"s perspective, what is the most important function of this contract: to establish penalties for non-compliance, to deal fairly with unexpected events, to resolve conflicts, to plan for the future and enforce expectations. Answer: c: a small group of entrepreneurs undertaking a business venture have agreed on the roles each will assume in the business, but they must now determine the form of business structure for the enterprise. Answer: a: i"mnottasosmart inc. overlooked the proper registration of its patent for a unique relay component used in its new software before release for public sale. A year later it discovered a competitor had used the component in its just-released patented software. Answer: a: globe investment inc. has discovered that one of its employees has been overcharging clients for the company"s services.