THERE ARE 7 ELEMENTS WHICH ARE REQUIRED FOR THERE TO BE A VALID CONTRACT. LIST AND DISCUSS THEM AND SAY WHAT HAPPENS IF ANY ONE OF THE ELEMENTS IS MISSING. All agreements are not contracts. A contract is a legally binding agreement between two or more parties. An agreement that is not enforceable by law is not considered a contract. There are many elements that are required for a contract valid‚ offer and acceptance‚ intention to create legal relationship‚ capacity of the parties‚ consent‚ consideration
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method: cash and accrual - Using professional bookkeeping method: hiring specialist‚ qualified accountant or bookkeeper. - Separate personal and business finances - Ensuring employee and other categories are recorded accurately - Perform basic account reconciliation. - Implement adequate internal controls - Save receipts for small purchases - Know the difference between profit and cash flow - Rely also on a paper environment - Honour your cheques and GST 3. How can you ensure
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assume the supplier would supply more to further increase profits. Price and quantity exchanged in the market is a bit more complex than the previous statement . We will start off the analysis by looking at the law of supply. The law of supply is a basic economic principle that states firms are willing to supply larger quantities at higher prices. In retrospect‚ they will supply lesser quantities at lower prices. Supply is illustrated by an upward-sloping line due to this concept. *Insert supply
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Economics Basics: Elasticity The degree to which a demand or supply curve reacts to a change in price is the curve’s elasticity. Elasticity varies among products because some products may be more essential to the consumer. Products that are necessities are more insensitive to price changes because consumers would continue buying these products despite price increases. Conversely‚ a price increase of a good or service that is considered less of a necessity will deter more consumers because the opportunity
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EDU3107: Guidance and Counseling for Children Lecture 14-3 hours 18/01/2012 LECTURE: 3:30 to 5:30 (2) Title 8: Basic Career and Student Self Understanding • The concept of lifestyle building • Exploration of career interests and the career value Lifestyle Building Lifestyle According to Adler‚ individual lifestyle are shaped by the children at the age of 5 . the strategy of each individual is set and use it to deal with inferiority feelings. Nature artistic or intellectual
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SET – A Comprehensive Unit Test (MBA) - HRM INSTRUCTIONS: 1. Solve all the following “SECTIONS” [Hand-Writing Format] with Cover Page 2. Submit “The TEST” on Friday 11 April 2014 @ 6:30 PM FACULTY: PROFESSOR DR. M. MAHMODUL HASAN SECTION – A: Micro Case Study: HSBC HSBC in Asia: A Case Study on Harmonization of HR Practices Forces in the world economy have necessitated that financial institutions become more international in outlook if they are to survive in the global arena. Noticeable
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Key Elements of Motivation Key Elements of Motivation Kaplan University Motivation is the process that account for an individual ’s intensity‚ direction and persistence toward attaining a goal. It is the result of the interaction of the individual and the situation. This paper will discuss motivational theories of Malsow ’s Hierarchy of Needs Theory; Herzberg ’s Two-Factor Theory‚ McClelland ’s Theory‚ Reinforcement Theory‚ Equity Theory and Expectancy Theory‚ how they apply to modern managers
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Elements of Security Desiree DaBaldo SEC594 Week 6 Paper August 18‚ 2013 Before any company begins to expand their business into another country‚ they should prepare a risk assessment of the areas of interest and begin to narrow down choices based on their positives and negatives. By identifying those positives and negatives‚ it allows the company to weigh their overall outcome and where they could afford to take the risk. To just dive into
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Andrew Ike B. Waga ENG 106 Dec. 14‚ 2011 2010-53632 Trubetzkoy‚ Jakobson or Chomsky‚ Whose Distinctive Features are truly “Distinct”? “Teacher‚ teacher‚ Help me‚ I have just been side swiped by a car!” These were the exact words that came out from the mouth of the school’s resident hooligan‚ Kevin‚ one afternoon after class. During those times‚ our school has been intensively campaigning
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certain elements common to all theater. These elements are present whenever a theater event takes place; without them‚ an event ceases to be theater and becomes a different art form and different experience". --"Theater‚ The Lively Art". Theater is a form of fine art that uses live performers to present the experience of a real or imagined event before a live audience. The performers may communicate this experience to the audience through gestures‚ speech‚ song‚ music or dance. Elements of design
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