a) When is there an enforceable contract? Is it when the parties agree on the business terms or when the legal terms are finalized? Explain highlight an example of a business situation

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a) When is there an enforceable contract? Is it when the parties agree on the business terms or when the legal terms are finalized? Explain highlight an example of a business situation 

 

b) Explain why an enterprise which is making profit can still go under? 

 

c) What is controlling as a management function and what systems are put in place as control systems

 

d) What is budgeting and what are the benefits of budgeting? 

 

 

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