Project risks can be classified as

In Works v. Works, what was the result where one party was mistaken about something significant in the contract?

A) The Court will exercise its discretion to set aside the contract only if satisfied that it would be unfair or unjust to enforce it. B) The Court will automatically set aside the contract on the basis of the doctrine of mistake. C) The Court will only set aside the contract if the mistake renders the contract illegal. D) The Court will never set aside a contract where a mistake has been made. E) The Court will exercise its discretion to set aside the contract only if satisfied the mistake was the result of willful blindness.

What do you see as pros and cons of outsourcing in the business simulation?

a. Outsourcing involves contracting certain activities to outside specialists who have added resources and expertise. b. Outsourcing increases a company's risk exposure to changing technology and reduces a company's flexibility. c. The rule of outsourcing is that if outside specialists can perform a task better, companies should think of merging or acquiring the outside specialist. d. A risk of firms who outsource to outside specialists is a slower time to market allowing competitors to grab a larger market share