WorksheetsContracts
Total questions: 36
Worksheet time: 20mins
A written or oral agreement between 2 parties.
Memo
Invoice
Contract
Requisition
An order form or receipt is an example of this type of contract.
Written
Oral
Implied
Express
When one or both parties fail to perform their duties in the contract.
Implied
Breach
Implied
Requisition
A written contract in which the subject is clearly stated and all details are included. Most enforceable type of contract by law.
Oral
Implies
Express
Analytical
True of False - Most lawsuits go to trial.
True
False
True or False: Slander is defamation in the form of verbal statements.
True
False
What is a risk?
Risk is the losing something of value.
Risk is gaining something of value.
Risk is the potential to lose or gain something of value.
A physical risk is?
The remaining amount of risk associated with something after action and precautions are taken.
The possibility an action or task can cause an individual physical harm.
The potential of an action causing you emotional distress. Examples of this is anxiety.
Emotional risk is?
The remaining amount of risk associated with something after action and precautions are taken.
The possibility an action or task can cause an individual physical harm.
The potential of an action causing you emotional distress. Examples of this is anxiety.
Falling off your snowboard and hurting your knee is an example of a what?
Emotional risk
Physical risk
Residual risk
You feel anxious to get back on to your snowboard after recently falling off. This is an example of what?
Physical risk
Residual risk
Emotional risk
What is risk management?
Looking both ways before crossing a 2 lane highway.
Auto Insurance
The forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.
The ability to plan for the future.
What are some risk management devices ?
Saving money in an savings account.
Auto, health, and life insurance.
Applying for a passport.
Co-signing for a loan.
If you are employed, what are some risk management products a job may offer?
Workers compensation
Health Insurance
Disability Insurance
Unemployment insurance
All of the above
When do you perform Risk Identification?
At the beginning of a project.
During project planning.
During the whole lifetime of a project.
During project execution.
You acquired an expensive piece of equipment for your project. It is known to be sensitive and fragile in work. Several tasks that require this equipment are on a critical path. What’s the BEST action you can do to improve the project’s chances for success?
Buy insurance to cover the costs of repairs.
Hire a technical support team to quickly fix the equipment if needed.
Find a good expert to operate the equipment.
There’s nothing you can do.
A tort is
an injury or a civil wrong
a provision of compensation
a protection of a particular interest
a crime against the state
Top level of the federal court system
appeals courts
Supreme Court
district courts
exclusive jurisdiction
