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Reil [10]
2 years ago
15

What are some strategies that you can use when agreeing to a contract to protect yourself?

Business
2 answers:
Mars2501 [29]2 years ago
7 0
The first thing you could do is get a lawyer. Other ways are going over the contract before signing it.
artcher [175]2 years ago
5 0

Answer:

some strategies you can use are :

  • Read through the contract thoroughly to understand the terms and conditions before signing it
  • Ensure you have a legal adviser who will also read and interpret the legal terms used in the contract and also advise you on signing the contract
  • Insist that the contract meets at least the Minimum requirement you need from the contract

Explanation:

A contract is a binding document that is used to reach an agreement/business deal between two or more parties. this document is usually used to legally compel both parties to keep to their own end of a business deal.

violation of a contract comes with some penalties which the offended party can decide to pursue in the court of law. in order to protect yourself from signing a very bad contract you have to employ some strategies like the ones i mentioned above. know what the contract is all about, know what you stand to gain or lose when you sign the contract, get a legal adviser who will advise you better on whether to sign the contract on not

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I believe the correct answer is job performance.
This is because all of those things mentioned above (how much time he spends with his team, his impact on the team, and how well he explains new things) are part of his performance, and based on the effects that this has, his performance will either be considered to be good or bad.
3 0
2 years ago
One would expect a sports team who continues to add players to its roster (beyond the minimum required to "field a team") to eve
yawa3891 [41]

Answer:

Diminishing marginal product of labor.

Explanation:

Remembering the law of diminishing marginal product which states that by additing unit of labour, while keeping other factors constant would over time lead to lesser output of labour.

Thus one may expect a sports team who continues to add players (additional unit of labour) to its roster above the minimum in the field would eventually not lead to increase efficiency in the field since other factors are kept constant such as increase training for players.

7 0
2 years ago
To understand the competitive intensity of two industries, a business consultant conducted market concentration analysis by usin
MAXImum [283]

Answer:

4. more, more

Explanation:

Options includes: 1. less, more , 2. more, less, 3. less, less, 4. more, more

Based on this calculation, the consultant concludes that industry X is <u>more</u> concentrated market than industry Y and that industry X is <u>more</u> competitive market.

The intensity of Porter competition determines the level of competition that exists in an industry. This competition can be affected by many factors, including industry focus, replacement costs, fixed costs, and industry growth rates. The intensity of competition among competitors in a given industry refers to the extent to which companies in a given industry put pressure on each other and determine each other their profit potential. If competition is fierce, competitors are trying to steal profits and market share from each other.

8 0
2 years ago
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
2 years ago
Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn
Dennis_Churaev [7]

Answer:

Firms earn zero profit in the long run

7 0
2 years ago
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