Relative dollar values of compensation and punishment

Assignment Help Operation Management
Reference no: EM131148496

For burglary, the victim’s loss usually exceeds the injurer’s gain, but the opposite is true for breach of contract. Why? What are the implications for relative dollar values of compensation and punishment?

Reference no: EM131148496

Questions Cloud

Define and explain balance sheet and income statement : Define and explain balance sheet, income statement, and statement of cash flows and describe how the statement of cash flows relates to the income statement and balance sheet.
Produces glazed bowls and jugs using two furnaces : Old Japan Pottery Co. produces glazed bowls and jugs using two furnaces, one to fire the clay and another to set the glaze. A bowl takes 2 hours to fire in the first furnace, and 1.5 hours for the glaze to set in the second furnace. A jug takes 3 hou..
Excessive drinking causes temporary incompetence : Suppose that excessive drinking causes temporary incompetence, and suppose someone who has drunk too much alcohol seeks to enter into a contract with someone who is sober. Contrast the incentive effects of enforcing and not enforcing such contracts.
Examples of gaps left in contracts for strategic reasons : Doctors who form a partnership may say nothing in the partnership agreement concerning its future dissolution. The parties may deliberately avoid discussing dissolution for fear of breeding distrust. Provide some other examples of gaps left in contra..
Relative dollar values of compensation and punishment : For burglary, the victim’s loss usually exceeds the injurer’s gain, but the opposite is true for breach of contract. Why? What are the implications for relative dollar values of compensation and punishment?
Identify the specific components of an institution : Every country in the world is constructed around the same set of institutional frameworks that differ only in how governments manage them. Identify the specific components of an institution.
Existing navigational channels in numerous locations : Panama embarked on a project to double the capacity of the Panama Canal in 2006, with an expected completion date of 2014. At the time, the estimated cost was US $5.25 billion. The project consists of building two new sets of locks, each with three c..
Actual compensation to be imperfect : Suppose that a person who is burned in accident suffers intense pain for one week and then fully recovers. What does “perfect compensation” mean in principle to the burn? Why do you expect actual compensation to be imperfect?
Result of the changes in our nation workforce : What opportunities do you see as a result of the changes in our nation’s workforce?

Reviews

Write a Review

Operation Management Questions & Answers

  What potential cost saving advantages might firms

What potential cost saving advantages might firms experience using outsourcing?

  Annual fixed cost for space-equipment and supplies

Tim Urban, owner/manager of Urban’s Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy’s Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 × 50 equals the total rooms rented for ..

  Has any of the stigma of mental health care changed

Has any of the stigma of mental health care changed? Are those with challenges and diseases in a better place today?

  What many consider one of worst deals in sports history

A story reads: "Bobby Bonilla is 52 years old and hasn't played major league baseball since 2001. But the New York Mets will pay Bonilla $1.2 million today in the latest installment of what many consider one of the worst deals in sports history.

  Use a work breakdown structure or similar tool to describe

use a work breakdown structure or similar tool to explain the major activities to be completed as part of the project.

  Describe uncertainty in decision making

Use your own words rather than a text or dictionary definition. Include a business or managerial example to show your understanding of each term.

  The textbook describes ten different types of scaffolding

The textbook describes ten different types of scaffolding commonly used on construction worksites. Describe each, and discuss one of the key points from the textbook for each. Include why your selected key point is significant?

  Determine dollar amount of loss covered by insurance policy

Amber has a Homeowners 3 policy. If possible, determine the dollar amount of the loss that will be covered by Amber's insurance policy. Amber is on vacation, and a thief breaks into her hotel and steals a suitcase containing jewelry appraised at $1,2..

  What is the reduction in work-in-process value

A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took 15 hours to make a unit. If the process makes one unit each hour on average and each unit is worth $1,500 , what is th..

  What do you think the purpose of the incident format

What do you think the purpose of the incident format is? What are some advantages and disadvantages of adhering to a specific format? What are some effects of unclear or overly lengthy writing?

  Major process flow structure

1.Which of the following is considered a major process flow structure?

  Explain why does the poq model differ from the eoq model in

the eoq model is based on a mathematical derivation with which you would not be expected to be familiar that achieves a

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd