to be effective. A contract requires that the parties intend to enter into a legally binding agreement. That is‚ the parties entering into the contract must intend to create legal relations and must understand that the agreement can be enforced by law. The intention to create legal relations is presumed‚ so the contract doesn’t have to expressly state that you understand and intend legal consequences to follow. If
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Business Studies syllabus BUSINESS STUDIES G.C.E. (LOCAL) ADVANCED LEVEL Mind-ventures Educational Services 1 Business Studies syllabus Business Studies Syllabus 1. Foundation of Business Contents 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 The Background of Business The scope of Business Factors of Production Business Environment Business Expectations Stakeholders of Business Business Functions Business Output Specialization New Trends in Business Industries
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Contents Section 1: Business in Contemporary Society 4 Section 2: Business Information and ICT 44 Section 3: Decision Making in Business 84 Section 4: Internal Organisation 128 Section 1: Business in Contemporary Society The role of business in society Everyone in our society has ‘wants’. Some wants are for things like food‚ clothing and shelter while others are for entertainment‚ leisure‚ travel and so on. Taking everybody in society together‚ there are millions of wants
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BUSINESS PLAN FOR NEW INVENTION SELENA ISTRE AIU ONLINE Abstract This is a business plan for a new invention. It will discuss three different types of businesses and will cover the advantages and the disadvantages of each type of business. In the end‚ it will show which business type was chosen and why. The invention will take a lot of money to start up but should produce a great deal of money. While there are little financial skills and no management skills‚ the company believes that
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more expert you are. When comparing kite flying to business or management‚ there are a lot of similarities in both of them. A close analysis of all the aspects of both these activities reveals a very close connection between them. There is a lot to learn from kite flying – a common activity we ignore taking advice and advantage of in business or management. The similarities are as follows : Kite flying is not an easy task. Just like business‚ it involves various skill and talent to take the sky
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Contract Law – Formative Assessment Alex would be suing Betty for a breach of contract. He would only succeed if he’s able to prove that a contract was in place. A contract can be defined as “a written or spoken agreement that is intended to be enforceable by law.” In order for it to be formed‚ agreement must take place and it can be broken down into two elements. Firstly‚ an offer. This can be described as an expression of willingness to contract on clear terms‚ with the intention that it will
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proves that divine law is more powerful that human law. The concepts of divine law can portray as the law of God. Divine law involves beliefs that are presented by God. The idea of divine law as being the "oral laws of the Gods". This type of law is most likely in effect when the idea of morals is apparent‚ such as when a moral decision must be made. This type of decision would probably be considered right or wrong. Things that are morally "right" are in accordance with the law of God‚ while things
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Relevance and implication of business objectives models in terms of Nepalese enterprise. Ans: In much of economic theory‚ it is assumed that a business aims to maximise profits.In reality‚ most businesses which are run for “commercial gain” do have profit maximisation as an important objective – since the shareholders have taken a risk investing in the business and require a return (profit) to compensate them for their risk. Profit maximization is the process by which a firm determines the price
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Nepotism in Business In the business world‚ nepotism is the practice of showing favoritism toward one’s family members or friends in economic or employment terms. For example‚ granting favors or jobs to friends and relatives. Nepotism is a form of discrimination in which family members or friends are hired for in spite of their experience‚ knowledge or skills. It occurs more frequently in family-owned businesses‚ nonprofit organizations and small companies. The presence of nepotism is especially
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Bus-101 Kevin Lentz 06/2013 Chapter 1 Rooftop Restaurant and Lounge will enter into a market with perfect competition. With perfect competition Rooftop Restaurant and Lounge will have an infinite number of consumers with the willingness and ability to buy our products at a certain price. It would also have an infinite amount of producers with the willingness and ability to supply the products at a certain price. Rooftop Restaurant and Lounge is a new fine dining restaurant and lounge
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