Answered: Requirements that are needed for…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Consider a case of a public entity thinking of procuring construction services for its citizens. The procurement manager is stuck between using a foreign or domestic supplier and making a recommendation for the appropriate procurement method. Q.1 Under what circumstances may the public entity use open domestic bidding? Identify and explain FOUR circumstances.
QUESTION 5 The ACCC wrote a media release which made the following claim: "To use Calvary medical facilities, a medical practitioner enters into a contract with Calvary granting them rights to use Calvary medical facilities. In March 2011, Calvary introduced a new set of by-laws that governed the conduct of medical practitioners who wish to use Calvary's medical facilities. The by-laws included provisions that allowed Calvary to refuse to grant, or to revoke, the right of a medical practitioner to use its facilities if the medical practitioner had become involved in the operation of a business in competition with Calvary." What is the name of the practice that the ACCC is alleging here? O Exclusionary Conduct O Predatory Pricing O Excessive Pricing O Collusion
Amazing Food Berhad awarded Hardware Express Sdn. Bhd. an RM350,000 contract for developing and testing of two boilers in one of its plants. Hardware Express Sdn. Bhd. had spent the better part of the last two years developing proprietary boiler technology under its own R&D activities. This new contract would give Hardware Express Sdn. Bhd. the opportunity to showcase into the boiler technology leagues. The contract was negotiated at a fixed price. The original bid was priced out at RM380,000 by the Hardware Express Sdn. Bhd. biding division. With a consideration to get the company chipped into the new marketplace, Hardware Express Sdn. Bhd. management decided that they would buy in at RM350,000 so that they could win this one. The original estimate of RM380,000 was very "rough" because of Hardware Express Sdn. Bhd. did not have any good man-hour standards in boiler technology, in which to base their man-hour projections. Corporate management was willing to spend up to RM30,000 of…
America firms usually contract, with subpublishers to cover more than. one country. For example, it is common for a subpublisher based in germany to cover germany, austira, and german speaking switzerland, which makes up the territory of GEMA, the German performance rights organization. French based subpublishers would probably service by the french speaking territories in Africa and quite possibly the french speaking radio stations in luxembourg and switzerland which is the territory administered by the french performing rights organizations, Sacem. A scandanavian subpublisher would probably have jurisdiction over norway, sweden, denmark, iceland, findland. There is no one right deal for a U.S. pubilsher looking for overseas exploitation, since different approaches may suit different needs. Some independent U.S. publishers chosen to become direct members of the foreign PRO's for example. Any subpublishing situation, however, should ideally include a person on the ground in the country…
–Said is the owner of a shop. He places a notice on the window advertising the sale of batteries at half price. What kind of notice? You should provide in your answer: 1- What kind of contract 2- Legal or not 3- Express or implied or Quasi 4- Unilateral or Bilateral 5- Your reflection and comments
Which of the following is the NOT True of the first transcontinental railroad? The route choosen was through the southern part of the U.S to avoid winter snows. It was completed in utah. Many immigrants, notably from china to irelandworked on the railroad. The federal government heavily subsidized its construction. Private companies built the railroad. Upon completion the owner of the railroad was the federal government through its operattion was granted to private companies.
Classify contracts based on their nature and formation in the context of Oman.
Describe in what kind of situations the United Nations Convention on Contracts for the International Sale of Goods (CISG) becomes applicable
INCOTERMS, as the universally recognized international trade terms that define trade contract responsibilities and liabilities between buyer and seller, do not include the following: O CIF O FOB O USCMA Both, FOB and CIF

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Requirements that are needed for another country and foreign enforceable contract in protecting business interests