Use the failure probability and consequence scores shown in the table to determine the consequence of failure for the project
Maturity 0.6 Cost 0.2
Complexity 0.8 Schedule 0.3
Dependency 0.6 Reliability 0.2
Performance 0.5
A) Greater than 0.7
B) Less than or equal to 0.7 but greater than 0.5
C) Less than or equal to 0.5 but greater than 0.3
D) Less than 0.2
A
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Jack is an accountant who works for the firm of Readum & Weep. Jack was approached by Ima Phool, who represents one of Readum's competitors, Numbers R Us. Jack was offered a substantial raise to leave his company and work for Numbers. When Jack's boss
heard this he called him in and said, "If you agree to stay with us for at least five years, I promise that next year you will receive a promotion with a 50% raise, and a 5-year contract." Jack turned down the offer and stayed with Readum. Nine months later Jack was dismissed due to corporate downsizing. Can Jack legally enforce his boss's promise? What theory or theories would Jack use? Discuss fully.
Revocation of an offer is effective when the offeree receives it
Indicate whether the statement is true or false