Reduce cost-reimbursement contracts

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Reference no: EM132292427

1. In the US, If a board member fails to disclose a conflict of interest and is later sued by shareholders for breach of a fiduciary duty because of that conflict of interest, what affirmative defense, if any, can he/she plead to try to avoid liability for that alleged breach?

2. In 300 words why does the President want to reduce Cost-reimbursement contracts and why is it preferred to use a firm fixed type contract? who accepts the greatest risk under each type of contract and why is competition favored over the sole source.

3. Completely and thoroughly explain how Time Standards could be used by a large electrical utility company to determine how many employees they will need to repair the damage done by a major storm. Also discuss how the electrical company would know whether or not they will need to use personnel from other utility companies or if they have enough manpower in their own company to repair the damage done by the storm in a reasonable time.

Reference no: EM132292427

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