Understanding Transportation Contracts and Legal Obligations
– Is Sr. Lopez bound to the contract with Mr. Gomez? It is assumed the contract is perfected with consent.
– Are Sr. Lopez and Sr. Gomez 40 and 50 centimeters on each side? The contract is valid for both parties.
— Is a minor involved? A minor cannot enter into a contract.
– Is Manuel Fernandez disabled? The contract is not valid for disabled individuals.
– Is Doña Adelaide under the regime of gananciales in marriage? Yes, the contract is valid if there is no disability.
– Is Don Amador leasing
Understanding Macroeconomics: Key Concepts and Definitions
Macroeconomics focuses on the study of the economic situation nationally and internationally. The Circular Flow of Income between businesses and families creates a constant exchange of goods and services with their corresponding payments. This is known as the circular flow of income. There are two types of exchanges: a real flow, where families provide factors of production to companies, and companies produce goods and services sold to families, and a monetary flow, through which companies remunerate
Read MoreUnderstanding Organizations and Their Economic Impact
Organization
Corporate Finance and Banking Operations
Corporate Finance and Banking
Companies are linked with customers and suppliers, selling and buying goods and services in exchange for funds management (dinero). This allows better allocation of financial resources, improved future planning of objectives, and the ability to adapt to the changing environment (entorno). Money comes from external sources, such as banks. Companies must be aware of the costs of returns for different products and services.
Bank Management
Bank management is a system responsible
Read MoreEffective Disaster and Emergency Response Plans
Plans
As we face a disaster: Organize the human element to respond appropriately and minimize physical and material damage.
How to respond appropriately to a disaster: Organize human resources efficiently and technically to minimize effects and protect people and the environment.
What is a catastrophe: An unfortunate event that severely disrupts the normal order of things.
What is an emergency: An accident or hazard requiring immediate action; a system disturbance endangering stability.
Emergency Operations:
Read MoreEssential Financial Policies for Business Operations
Examples of Financial Policies
These policies are specific to each financial aspect of the company.
1. Indebtedness to Banks
- Type of funding
- Minimum and maximum amount per bank
- Maximum interest rate
- Minimum and maximum loan term
- Methods of loan repayment and required guarantees
- Acceptable credit agreement requirements
- Characteristics of acceptable banking institutions
- Other acceptable conditions in credit agreements
2. Debt to Suppliers and Creditors
- Payment deadlines for materials, supplies, and services
- Discounts