BUS201 Contract and Agency Law Group Based Case Study Bai Kailin Q0806156 Question 1 A tender is also considered as an offer. Tenders refers to a process by which one can seek prices and terms for a particular project (such as a construction job in this case) to be carried out under a contract. The sealed offers themselves‚ including company information‚ a project outline‚ and a price quote‚ are known as tenders or bids. Since Beng Huay Construction Pte Ltd submitted the most competitive
Premium Contract Contract law
Classical Social Theory essay. Rationalisation (Weber) The concept of Rationality is defined as the ‘Preoccupation with calculating the most efficient means to achieve one’s goals’ (Bilton et al‚ 2002. Pg31) rather than ‘motivations derived from custom‚ tradition or emotion’ (Encyclopaedia‚ 2003). Rationalisation involves concepts such as logic‚ calculation and efficiency‚- fundamental aspects of Modernity as proposed by Max Weber. Weber believed that modernity
Free Max Weber Sociology
Hart’s theory and legal system Introduction One of the principal lessons of ‘The concept of law’ is that legal systems are not only comprised of rules‚ but founded on them as well. In contrast to Austin who had insisted that the sovereign makes all of the rules‚ Hart argued instead that the rules make the sovereign. In this essay‚ I would like to explain Hart’s theory and how the social rules are related to the legal system and rules of recognition. This essay has five parts. In the first part
Premium Law
NSA REPORT The NSA stands for National Security Agency. It’s the main producer and manager of signals intelligence for the United States government. Basically‚ it spies on people 24/7. Every time people blink‚ they know it. In short‚ they know our personal lives. They know your deepest‚ inner thoughts. They are hearing your most private conversations. There was this one incident with a girl whose web-cam kept turning on when she remembered turning it off. Every time she turned it off‚ it
Premium Intelligence Central Intelligence Agency The Police
Absenteeism is when employees fail to report to work when they are scheduled. Absenteeism can be costly and huge disruption for the employer. It is hard for any organisation to achieve its objectives if the staff fails to report to work. It can result in quality of the output and in some cases it can bring a complete closure for production. The definition of absenteeism‚ its causes‚ its affects on productivity and its costs in term of finances and administrative effectiveness are quite clear‚ the
Premium Motivation
The four concepts which organizations use to design their marketing strategies (product concept‚ production concept‚ selling concept‚ and societal marketing concept) are important because they serve as a guide for businesses to plan and carry out their marketing and selling efforts. The production concept is the oldest of the concepts in business. It proposes that customers prefer products that are cheap and widely available. organizations that focus on this concept are likely to concentrate on
Premium Marketing
high intent and high capability to inflict damage or death in the U.S.‚ to illicitly acquire assets‚ or to illegally obtain sensitive or classified U.S. military‚ intelligence‚ or economic information. As both an intelligence and law enforcement agency‚ the FBI can address every facet of a cyber-case—from collecting intelligence on the subjects in order to learn more about their networks to dismantling those networks and prosecuting the individual perpetrators. The ability to take action on the
Premium Authentication Federal Bureau of Investigation Security
MARKETING CONCEPTS Following are the six concepts of marketing • Production concept • Product concept • Selling concept • Marketing concept • Societal marketing concept • Holistic marketing concept THE PRODUCTION CONCEPT: DEFINITION BY KOTLER: “It is the idea that customers will favor products that are available and highly affordable and that the organization should therefore focus on improving production and distribution efficiency.” EXPLANATION: This concept is the
Premium Marketing
Review of International Studies (1997)‚ 23‚ 5–26 Copyright © British International Studies Association The concept of security* DAV I D A . B A L D W I N Redefining ‘security’ has recently become something of a cottage industry.1 Most such efforts‚ however‚ are more concerned with redefining the policy agendas of nation-states than with the concept of security itself. Often‚ this takes the form of proposals for giving high priority to such issues as human rights‚ economics‚ the environment
Premium National security Security
QUESTION 2 INTRODUCTION Agency theory is a model that explicate why performance or judgment differ when display by member of a group. Specifically‚ it explains the connection between the party‚ called the principal that delegates work to another‚ called the agent. It clarify their dissimilarity in performance or judgment by noting that the two parties regularly have different goals and‚ independent of their respective goals‚ may have unusual manner toward threat. In another words‚ it can be also
Premium Principal-agent problem Stock Information asymmetry