Essential elements of Contracts BUS 670 Legal Environment Instructor: Mark Cohen 09/26/2011 Essential elements of Contracts All contracts share some common elements. A contract starts when an offer is made‚ certain requirements need to be satisfied to ensure the agreement is legal‚ in particular a capacity of parties to contract has to be proven‚ the legal purpose of the agreement and the satisfaction of consideration‚ before the offer is accepted. Contracts have common elements
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HND in Finance Unit: Managing financial resource and Decisions Assignment: A Pizza Hut Franchise Compiled by: Binh Truong‚ MSc. Scenario A Pizza Hut Franchise After some years working in the tertiary sector including spells as a manager for a restaurant and as General Manager for a 5 star Sheraton hotel you have decided that it is time to start your own business. After looking around at the opportunities available you have de cided that a franchise of a fast food restaurant is a
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INTRODUCTION Companies need to choose from among various sources of finance depending on the amount of capital required and the term for which it is needed. Finance sources can be divided into three categories‚ namely traditional sources‚ ownership capital and non-ownership capital. Traditional sources are the internally generated capital (retained earnings); ownership capital is the capital owned by shareholders of the company (ordinary shares) while non-ownership capital includes funds from lenders
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Finance at McDonald’s Stock Control Finance Franchising Marketing Finance Construction Training Careers at McDonald’s Training Glossary I.T. Customer Services Education Customer Services Stock Control Franchising Talking Point Apprenticeships Marketing Franchising Marketing Construction Finance Finance Training Glossary Stock Control Franchising Education Stock Control Customer Services Franchising Talking Point
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(faith and believe)‚ Akhlak (ethics and morality) and Muamalat (transactions). The latest one‚ Islamic law of transactions (fiqh muamalat) has become inevitable in contemporary Islamic finance. The main rationale could be found in the fact that to some level‚ companies engaging in the business of Islamic finance act upon on the foundation of profit maximization. This must be practiced by embracing the Shariah doctrine‚ one of which is the disallowance of interest or usury as riba. By doing so
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Sources of finance Some sources of finance are short term and must be paid back within a year. Other sources of finance are long term and can be paid back over many years. Internal sources of finance are funds found inside the business. For example‚ profits can be kept back to finance expansion. Alternatively the business can sell assets that are no longer really needed to free up cash. External sources of finance are found outside the business. For example from creditors or banks. Internal
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position of leadership within an organization where you had previously been working? I completely agree with you in that Tammy will need to foster relationships that promote productivity. I wonder if Tammy will be tempted to lean towards a more 1‚9 managerial style where she focuses more on relationships than on production. “His aim as a manger‚ however‚ is to avoid pressuring for production at a rate higher than that which would win acceptance from organizational members” (Blake-Mouton‚ 191). I imagine
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Finance Management Answer 1. Capital Budgeting Capital budgeting (or investment appraisal) is the process of determining the viability to long-term investments on purchase or replacement of property plant and equipment‚ new product line or other projects. Capital budgeting consists of various techniques used by managers such as: 1. Payback Period 2. Discounted Payback Period 3. Net Present Value 4. Accounting Rate of Return 5. Internal Rate of Return 6. Profitability Index
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of its cost and complexity‚ project finance is aimed at large-scale investments. The key is in the precise estimation of cash flows and risk analysis and allocation‚ which enables high leverage‚ and in ensuring that the project can be easily separated from the sponsors involved. Project finance is more difficult in emerging countries‚ which tend to pose unpredictable risks with unfavorably biased results. This study investigates the role of project finance as a driver of economic growth. It is
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Knowing Science To Understand the Quality of Life Cody Seaton SCI101 IP 1 Kristina Jantz August 26‚ 2013 The three essential properties of every material are these: 1. What kind of atom makes up that material? 2. How are the atoms in the material arranged? 3. How are the atoms in the material bonded together? (Trefil‚ p. 239) Atoms make up everything
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