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Diploma Courses Assignment Sample

Q1: Explain how an organisation can ensure that the agreements made during negotiations are honoured and that the agreed-upon terms are followed.  

Answer :

Honouring negotiated agreements is critical and should be done on reasonable conditions.
Negotiated agreements can be honoured by meeting both key performance indicators and ethical standards. 

Q1: If you have signed a contract stipulating that you will pay $5,000 property management fees per year for 5 years, but your business goes broke in its first year, are you still liable to pay the money? Why/Why not?

Answer :

If your business goes broke in its first year and you have signed a contract for property management fees for 5 years, you may still be liable to pay the money depending on the specific terms and conditions stated in the contract. Review the contract and consult legal professionals to determine if any early termination, force majeure, or insolvency provisions could potentially release you from the payment obligations.

Q1: List four reasons business relationships are essential.  

Answer :

Here are four reasons why business relationships are essential-

  • To maintain reputation
  • For gaining financial help whenever required
  • To meet standards and laws
  • To achieve success of the organisation.

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