1. What are the four elements of a valid contract? A contract is an "agreement between parties‚ with terms and conditions that describe the agreement that constitutes a legal obligation" (All Business). A valid contract requires four elements and these are: a. Mutual agreement there must be a meeting of the minds between parties. There should be an offer and an acceptance. There should be an agreement to enter into the contract b. Consideration - meaning that "every party is conferring a
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Essay Assignment: Classification/Division‚ Comparison/Contrast‚ Analogy Essay #2 Name:M First draft Men and Women in the Business Society It is said that in nowadays we live in a modern and developing world where people have unlimited opportunities for development.Widely supported statement is the one which says that the individual success fully depends
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Name: Course: Instructor: Date: For a long time men have been assumed to be the key players in the business world. This is because of the stereotypic beliefs that men have better entrepreneurial and managerial skills than women. However‚ I would personally consider this assumption to be wrong. This is because in most parts of the world women have been empowered and informed about their rights. The days of being housewives and charging women with the core tasks of raising
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During this “Gilded Age” business men have been creating large business organizations known as trusts‚ this ingenuity of these entrepreneurs has been earning them the title “Captains of Industry” yet their ruthlessness in the building of their industries and wealth at the expense of their competitors has been earning some of these men the title of “Robber Barons”. I personally believe that these business men have negatively affected the people around them‚ making them titled as “Robber Barons”. I
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Levit‚ Alexandra. “Starting a Business: The Romance vs. the Reality” New York Times 28 Nov. 2011 http://www.nytimes.com/2011/11/27/jobs/starting-a-business-theromance-vs-the-reality.html?_r=1&ref=entrepreneurship The author presents aspects of reality of running a business as a cure for workplace problem and issues. Examples are provided as to advantages and disadvantages entrepreneurship as the cure for workplace problems and reality of running a business is different that a workplace job
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[CU747] Solve business problems [747.1] Understand business problems and their causes 1.1 Describe ways of recognising when a business problem exists In most organizations recognition of a business problem typically relies on measures and management reporting of measures against expectations. Usually each performance area measures quality‚ cost‚ and speed of service - plus possibly customer satisfaction. If one of these measures starts to vary from expectations then management should investigate
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SPECIAL PROBLEMS IN INTERNATIONAL BUSINESS What make international business strategy different from the domestic is the differences in the business environment. The important special problems in international business are as follows: 1. Political and legal differences: The political and legal environment of foreign markers is different from that of the domestic market. The complexity generally increases as the number of countries in which a company does business increases. It should also be noted
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’Communication Problems in the Family Business ’ Abstract For family businesses‚ effective communication is an even more integral factor for successful business operations due to the peculiarity that personal (family) emotions frequently interfere with business decisions. Family businesses often have to struggle with conflicts among members of the organization‚ low managerial abilities‚ interfered daily business activities‚ and customer relationships that suffer from the lack of structure and
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What are the three dimensions of business problems? Provide examples for each. * People * Organizations * Technology People- A business is only as good as the people who work there and run it. Likewise with information systems‚ they are useless without skilled people to build and maintain them‚ and without people who can understand how to use the information in a system to achieve business objectives. For example‚ a call center that provides help to customers using an advanced customer
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“Business ethics examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and business organizations as a whole” (“Business Ethics‚” 2010). In today’s society‚ many people pursue careers in businesses for different reasons such as convenience‚ salary‚ and many other reasons that do not include ethics. Unfortunately‚ people’s professional values are no longer mirroring
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