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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Assignment: Ethical and Socially Responsive Business Instructor: Prof. JOHN KELL Introduction to Business BUS 100 Suleyman Sal Denden March 16‚ 2014 Describe key areas of the selected company’s code of conduct that are of significant importance to the business‚ and explain why. The first question we should ask ourselves “what is ethics?” I think ethics are a collection of principles and practices that a business
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available and should be afforded to work with and use safe equipment and tools. They also should be taught to know the hazards involved with their taskings. Employers have a responsibility to ensure these elements of safety occur in the workplace. The problem is that it usually comes at a high price‚ cutting profits. So some employers choose to ignore the safety issues possibly taking advantage of an immigrant’s illegal status for their silence. The immigrants are human and deserving of the basic human
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its larger manufacturing plants. These comments were published together with the above information in mass media. Thus‚ the main business partners and suppliers of the company started doubting financial viability of Core-Tex. The company’s stock price fell. In my opinion‚ the best solution of this problem is a good PR campaign. Core-Tex needs to return trust of business partners‚ suppliers and the public. It is worth listening to advice of the vice-president for marketing and to stay ahead of the
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“Ethical issues about Business “ Discrimination You’re the boss in a predominantly male environment. The presence of a new female employee stirs up conflict because your company has not had a chance to conduct sensitivity training. Some of your male employees make inappropriate remarks to your new employee. She complains to you; in response‚ you sanction those responsible for the conduct. You also wonder if it would be wise to move your new female employee to another position where she would
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It is wrong to tell a lie Since the early age‚ we have taught that lying is wrong and hurts people including ourselves. But is it always wrong? There are certain situations in life where you have no choice. Firstly‚ let’s imagine that we are visiting someone very sick at the hospital. Patient is looking really bad‚ so we can say that he is not feeling well and we don’t know if there is any hope for him to get better. Will we tell him the true? NO. We will rather say: “You look so much better”‚
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According to the western dictionary‚ a lie is to make an untrue statement with the intent of deceiving (Lie‚ n.d.). The Army unconsciously self-created an environment that forces the majority of the Soldiers to lie. Since leaders of all levels expect their subordinates to comply with ridiculous amounts of mandatory training requirements‚ the reality is that it is nearly impossible to do it and it is mainly because of the lack of time. This will push any Soldier to use creative thinking to complete
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Is It Right to Lie? "If you continue in my word‚ then you are truly disciples of mine; and you will know the truth‚ and the truth will make you free‚” (John 8:32). When you are able to just tell the truth a huge burden will be lifted off your shoulders‚ and make your life a whole lot easier rather than a complete mess. Seen through Kant’s eyes‚ when you’re truthful‚ not a lot of situations will be difficult for you‚ but once you become that deceiving and lying type of person‚ you often will have
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How to Lie with Statistics Summary There are some people that rely heavily on the statistical information provided by the media‚ government‚ and other research groups in order to form opinions or come to a conclusion on a particular idea or product. However they fail to realize that a lot of the time the data is manipulated in such a way that leads them to believe something that is not actually the case. Statistics can lie in many ways the first way is by using a sample that has a bias. For instance
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Competency 310.2.1 Ethical Issues In Business EVALUATION The structure of company Q is not currently formed to accommodate social responsibility or practice social ethics. Since the business is already in a heavily populated area and had to close down some of the stores due to high crime rates in those areas‚ maintaining a healthy relationship with the community in the area they are located is essential for the success of the business. The company has started to form a relationship with the
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