Introduction A brilliant company that produces a diverse range of a product is prone to run in to trouble if the processes are not well designed‚ inefficient quality measures prevail and decision making is more prone to ad hoc basis rather than a standardized process. Blitz Company‚ an organization distinguished for its capability to cater the diverse needs of their customers‚ not only on basis of design features but also lot size‚ has been facing a cumulative number of issues. To name a few‚ these
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Alibaba Group is a company found in China‚ and as mentioned above China is one of the countries‚ which has highest power distance. However‚ Jack Ma‚ the founder and the CEO of the company‚ aims to create a low power distance-working environment and tend to adopt a decentralization strategy (Wolf‚ 2010). The company’s subsidiaries have developed independent technology teams‚ that is having no Chief Technology Officer to guide or to handle the operations while other following the decision of the (CTO)
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1. (A) : Agent: An agent stands in a fiduciary relationship with the principal. According to Doolan (1981)‚ an agent must not allow a situation to occur duty to the principal conflicts with personal interest and he/she must act in good faith also. As has been argued‚ Doolan (1981) states that an agent is authorized by the principal to perform certain acts‚ for and on behlaf of the principal. According to Doolan (1981)‚ an agent is never required to perform an illegal act. The agent is not liable
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What are the possible outcomes? Explain your answers. When looking at this case scenario there seems to be only one possible outcome for this scenario. Jeff was underage at the time of contract and under the law this contract was not valid. Steve the salesperson was completely liable under the law for entering a contract with an underage minor. As a car company representative there is protocol which must be used when entering into any contract and a major part of protocol is to ensure that both
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INTRODUCTION TO LAW & CRIMINAL LAW - EXAMPLE OF THEFT CASE STUDY John & Andrew stay in students accommodation together. While shopping at Tesco store John took few sun glasses from the display shelf & places them into Andrew’s pocket. Later John saw a Puma shirt priced at 50$ & swapped the price tag with another shirt marked 30$ & paid the lower price. At the exit point Mark the shop detective blocked Andrew & perform a body search. As a result
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to drop significantly. When a company has a favorable ratio‚ it indicates that company may have a good credit risk. A company that has other debt such as bank loans‚ the company is required to a maintain a debt-to-equity-ratio commonly known as a debt covenants (Wright‚ n.d.) An example of an off-balance sheet financing are operating leases. When a company has operating leases‚ the lessor will only keep the asset on the company’s balance sheet‚ whereas‚ the company leasing the asset is only responsible
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Nike has a 25-years publicly traded debt‚ which still has 20 years to maturity‚ so we calculate the YTM of this debt as 7.17%2. Another way to calculate the cost of debt is to use its rating and a typical default spread‚ since Nike is a rated company. Its rating in 2001 is A13
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SITUATION ANALYSIS The Rose Company has selected James Pierce to become the General Manager for the Jackson Plant‚ a position newly developed in order to assess the effectiveness of decentralizing operations. In the new model for the plant‚ rather than managing departments and reporting through different function channels‚ Jackson’s internal operations will report to Pierce. The Rose Company is currently building a new plant in the region with the expectation that it will reduce production cost
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BUS 115 – Business Law Module 2- Courts and Alternative Dispute Resolution Case 3-3 “Discovery” Should a party to a lawsuit have to hand over its confidential business secrets as part of a discovery request? Why or why not? What limitations might a court consider imposing before requiring ATC to produce this material? The party to the law suit should hand over information during the discovery phase. However‚ discovery is allowed only if the information is relevant to the claim or defense
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The issue of this case is whether Freeze Bhd. (FB) has acted as an agent of necessity in the situation and qualified to claim for warehouse storage charges from Nice to Eat Restaurant (NER). Section 142 Contract Act 1950 states‚ “An agent has authority‚ in an emergency‚ to do all such acts for the purpose of protecting his principal from loss as would be done by a person of ordinary prudence‚ in his own case‚ under similar circumtances.” According to Section 142‚ an agency by necessity may arise
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