Explain the Principles Of Delegation in Mangement.
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Explain the Principles Of Delegation in Mangement.
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- Define Renegotiating contracts?Defines mangement and its functionsIdentify the type of contractual clauses in the following scenarios. 1. Tshepo pays for his sister’s university fees, however if she fails any modules he will no longer pay for her fees. 2. Anisha allows Alex to use her car for a period of two months, after which he must return it to her.
- Determine the legality of the transaction. KlineCorp wants to conduct business with Company B in another country. While visiting Company B, the management team of Company A offers some of the foreign employees some free products from their company. Legal or illegal, depending on the purpose Legal bribe Illegal bribem What principles should be adopted when the negotiations enter the final stage?AB Corp. entered into a contract with XY Corp. whereby the former agreed to construct the research and laboratory facilities of the latter. Under the terms of the contract, AB Corp. agreed to complete the facility in 18 months, at the total contract price of P10 million. XY Corp. paid 50% of the total contract price, the balance to be paid upon completion of the work. The work stated immediately, but AB Corp. later experienced work slippage because of labor unrest in his company. AB Corp.'s employees claimed that they are not being paid on time; hence, the work slowdown. As of the 17th month, work was only 45% completed. AB Corp. asked for extension of time, claiming that its labor problems is a case of fortuitous event, but this was denied by XY Corp. When it became certain that the construction could not be finished on time, XY Corp. sent written notice cancelling the contract, and requiring AB Corp. to immediately vacate the premises. a.) Can the labor unrest be considered a…
- OPSM Opticians Ltd is a producer of fashion eyewear. The audit report for the year ended 30June 20X9 was signed on 5 August 20X9 and along with the financial report was mailed toshareholders on 10 August.Consider the following independent events. Assume that each event is material.I. On 5 July, OPSM Opticians entered into a new contract to supply eyewears to JDS, a newmajor department store. The contract was similar in nature to other contracts previouslynegotiated. II. OPSM Opticians has invested significant funds in developing a new type of unbreakablesunglass lens. On 8 July, OPSM Opticians applied for a patent for the lens, only to discoverthat a competitor had lodged a similar application on 20 June. The granting of TrendyAccessories’ application is now in serious doubt. III. Internal audit has uncovered a major fraud at one of OPSM Opticians branches. The fraudwas perpetrated by two senior staff, acting in collusion over a number of years. Theinternal auditors released their…what is The Hague, Hague VisbyDefine mangement and its four functions
- What are the kinds of obligations? Site the difference between contract and agreement.In June 193, Kombs Engineering had grown to a company with $25 million in sales. The business base consisted of two contracts withe U.S Department of Energy (DOE), one for $15 milon and one for $8 milon. The remaining $2 mil-lion consisted of a variety of smaller jobs for $15,000 to $50,000 each. The larger contract with DOE was a five-year contract for $15 million per year. The contract was awarded in 1998 and was up for renewal in 1993. DOE had made it clear that, although they were very pleased with the technical perfomance of Kombs, the follow-on contract must go through competitive biding by law. Marketing inteligence indicated tha DOE intended to spend $10 million per year for five years on the follow-on contract with a tentative award date of October 1993. On June 21, 1993, the solictation for proposal was recieved at Kombs. The technical requirements of the proposal request were not considered to be a problem for Kombs. There was no question in anyone’s mind that on technical…Engaged couple Marina and Mark were the winners of a reality TV show involving racing other couples around Australia. They decided to use some of the winnings on their wedding. They checked out a number of venues and finally decided on the Grand Ballroom at the Hotel Grand Inquisitor. Marina and Mark signed a ‘wedding package’ contract with the hotel, which provided for the following: Hire of ballroom - $15,000 Catering (excluding cake) - $9,000 Wedding cake (two-tier) - $500 Honeymoon suite (one night) - $400 Total - $24,900 The wedding reception was a happy event. However, when it came to the time to reveal and cut the cake, Marina and Mark were shocked to learn that earlier in the day a hotel waitress had clumsily dropped the specially baked wedding cake, and because there was no time to prepare another, the two-tier cake provided by the hotel was in fact two sponge…