Topic Two Contract Law: Formation of Contracts [A] Introduction Contract law concerns with regulation of the legal relationship of the parties to contracts. A contract is an agreement having legally binding effects on its parties. In other words, generally speaking, the party who broke the contract has to compensate the innocent party for his loss. How to form a contract? All the 4 following elements are needed for forming contracts: - a. Offer b. Acceptance c. Intention
Words: 6034 - Pages: 25
LEADERSHIP Exam questions: 1. “Leaders are born, not made” – Discuss this statement in a cross cultural context 2009/2010 2. What is the meaning of leadership? Are western theories of leadership relevant to non-Western cultural settings? Illustrate with examples.2009/2010 3. Are Western theories of leadership relevant in Non-Western cultural settings? Illustrate with examples. 2008/2009 4. Leadership is critical for the success or failure of international operations, and
Words: 5406 - Pages: 22
inventory control system might have lead Curt Andrews to feel resentful and not trusted (pg. 6). * Curt’s perception of trust could explain his resistance to the inventory control system. Specifically, Peterson claims that Curt Andrews resists the inventory control system that was implemented to help Curt plan and coordinate (pg. 6). Curt’s resistance calls attention to a common reason for resisting change; namely, lack of trust (pg. 575). Curt resisted the inventory control systems because he did
Words: 1393 - Pages: 6
Chapter Six, Problem # 1 The benefits of keeping the business as a sole proprietorship are that the revenue will only be taxed twice, that the proprietor will be in whole control of the business, and that there are less laws and guidelines shake sole proprietorships. The disadvantages of keeping the business as a sole proprietorship are that the owner will have full legal responsibility for any responsibilities the business incurs, that the owner cannot go to the open to raise assets via trade equity
Words: 1612 - Pages: 7
report……………………………………………………………… 2. Job Analysis 2.1 Use of Job Analysis…………………………………………………...……… 2.2 Job Description and Job Specification…………………………………….. 2.3 Collect Job Analysis Information 3. Recruitment 3.1 Attract Qualified Job Candidates 3.2 Traditional vs. Contemporary Recruitment methods 4. Strategic Selection 4.1 Selection Methods 4.2 Selection Decision 5. Conclusion List of
Words: 3048 - Pages: 13
earned, and offer incentives. This does not always work for every employer and it is important to recognize the levels of Maslow’s theory to emphasize the level to which an employee is at. Even if an employee is at the highest level of needs, it might not mean that he/she is motivated. Motivation will occur when an employee feels satisfied within a job setting, is consistently challenged, and has a variety of tasks to accomplish. Self-actualization refers to the need to constantly be the best
Words: 1757 - Pages: 8
FINANCIAL PERFORMANCE MEASURES AND THEIR EFFECTS By Evanti Firstadea (105020307121003) Rosyida Mardyana (105020307121011) University of Brawijaya Economics and Business Faculty Accounting Major FINANCIAL PERFORMANCE MEASURES AND THEIR EFFECTS INTRODUCTION The primary objective of for-profit organizations is to maximize shareholder (or owner) value, or firm value for short. Thus, the results-control ideal would be to reward each individual employee for doing what s/he does to increase
Words: 7223 - Pages: 29
1.1 Human Resource Management (HRM) Human Resource Management is the design of formal systems in an Organization to ensure effective and efficient use of human talent to accomplish Organizational goals. (Source: - Robert L. Mathis/& John H. Jackson, Human Resource Management. 10th edition.) Human resource management is the set of activities directed at attracting, developing and maintaining the effective workforce necessary to achieve a firm’s objectives. Because the HR function is central to a
Words: 9270 - Pages: 38
thus determining the overall amount the physician receives for the year. While this type of compensation model discourages overutilization and allocates risk among all physicians, it negatively affects productivity and does not reward efforts to improve quality. Such a system can only work on the basis that all physicians have the same skill and productivity levels and are equally motivated to contribute to the practice. In Bangor Physician’s situation, each physician believes they are working more
Words: 4592 - Pages: 19
ISO/IEC 27001 & 27002 implementation guidance and metrics Prepared by the international community of ISO27k implementers at ISO27001security.com Version 1.3 4th October 2012 Introduction This is a collaborative document created by ISO/IEC 27001 and 27002 implementers belonging to the ISO27k implementers' forum. We wanted to document and share some pragmatic tips for implementing the information security management standards, plus potential metrics for measuring and reporting the
Words: 4537 - Pages: 19
