Business Contractual Relationships Assessment - Case Study 1 Question1 Referring to the Sales of Goods Act 1979‚ explain the main characteristic of a contract of sale. The contract of sale take place in every day life when we buy something in the shops either food or clothes or just newspaper. There aren’t buying without law. It is important that we always know our rights if we buy something. Referring to the Sale of Goods Act there are two types of contract. One of them is sale and the other
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1.1 Key principles of relationship theories - Stage theories in general describe how we go through distinct stages as we develop. Thus‚ rather than gradually changing‚ we typically make sudden shifts to different plateaus of perception and behaviour. Relationships go through a series of stages as they mature. Levinger’s model has ABCDE stages. A = Acquaintance/attraction. We meet other people and feel an initial attraction‚ often based on physical beauty and similarity. B = Build-up. We become
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retailer has to pay $9 per hour to hire 13 workers. If the retailer only needs to hire twelve workers‚ a wage rate of $7 per hour is sufficient. What is the marginal cost of the 13th worker? a. $117. b. $9. c. $33. d. $84. 3. A computer manufacturer can produce 5 computers for $5‚000 and 10 computers for $7‚500. Based on this information‚ what is the marginal cost per computer of the 6th through 10th computers? a. $500 b. $750 c. $1‚000 d. $2‚500 4. To maximize profits‚ you should produce
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Abstract The main two reasons for the companies to implement variable pay plan are: motivating employees and reducing cost. In this paper we try to point out the challenges the organizations might face when they apply variable pay system by reviewing related literature. We find that it is difficult for the company to have a reliable measure for the variable pay system. In addition‚ the focus of the variable pay plan should be on motivating employees or cutting cost and how to strike a balance between
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Basically‚ the role of business is to produce goods and services which consumers need. The business firm produces goods and services from the factors of production provided by society. Consumers in turn‚ buy these goods and services. Business firms thus contribute to the country’s economic growth. One measure of economic growth is the Gross National Product (GNP)‚ defined as the total market value of goods and services produced by a country in any given period. Consequently‚ to produce goods
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1004GIR Government Business Relation What role should government play in a globalised word? Student name: LI KE (Luke) Student number:s2771014 Tutor: Ross Ploetz Tutorial: Words: approximately 1371 Contents Introduction to Globalization
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agreement whereby a person is engaged as an independent contractor‚ such as a self-employed person or vendor engaged for a fee to carry out an assignment or a project for the company. Under such a work arrangement‚ there is no employer-employee relationship‚ and the employee is not covered by the Employment Act. Difference between employee and self-employed If we apply multi factor test to lorry driver we can see there are several point to be consider him as self-employed 1) he had not been in
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group… 5. Which of the following is the reason why neural networks have been applied in business classification problems? Able to learn the data‚ able to learn the models ’ nonparametric nature‚ its ability to generalize‚ All of the above 6. The main processing elements of a neural network are individual neurons 7. A software suite is created when several software products are integrated into system 8. One dose not have to rethink completely what to do every time a similar problem is encountered ‚ when
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There are many ways in which a business opportunity and idea is spotted and created. Sometimes the creations of these are ideas are sometimes down to luck‚ at other times due to creativity and knowledge. Many ideas for a successful business come from people who have experience working in a particular market or industry. This creates many advantages for the success of this idea: it provides a better and more detailed understanding of what customers want‚ it also helps as the entrepreneur
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Define Business Law. Ans: Business Law can be defined as that branch of legal system that regulates business activities and guarantees an orderly conduct of business affairs and settlement of legitimate disputes in a just manner. LAW OF SALE OF GOODS I. Introduction: 1. Define the Sale of Goods Act ? The Sale of Goods Act is an Act to define and amend the law relating to the sale of goods. It also governs the contracts relating to sale of goods. This Act applies to the whole of
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