Coordination and Linkages Quiz

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Business relationships quiz

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Princess Ryza R. Esteban

Philippines

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Coordination and Linkages QuizOnline version Business relationships quiz by Princess Ryza R. Esteban 1 What is the heading of section I in the document? a I. Establish and Conduct Business Relationship b IV. Make Formal Business Agreements c II. The Environment of a Business Relationship d III. Foster and Maintain Business Relationship 2 Which item is listed under 'The Environment of a Business Relationship' as part of the Internal Environment? a Trust b External Environment c Macro Environment d Organizational Structure 3 Two basic options for making arrangements in writing are described in the text. What are they? a Use standard templates only; Draft with in-house counsel only b Rely on verbal agreements; Use informal emails c Hire external auditors; Obtain verbal approvals d Engage the services of a solicitor to prepare a formal contract; Write up your own formal contract 4 Name two elements of a valid contract as described in the document. a Consideration and Capacity b Intention to create legal relations and Agreement c Certainty of terms and Legality of objects d Voidness and Unenforceability 5 What is the benefit of confirming arrangements in writing, according to the text? a The written form serves as a platform on which both parties can find common understanding and agreement b It ensures faster negotiations c It guarantees legal action in all cases d It eliminates the need for signatures

Coordination and Linkages QuizOnline version

Business relationships quiz

by Princess Ryza R. Esteban

What is the heading of section I in the document?

I. Establish and Conduct Business Relationship

IV. Make Formal Business Agreements

II. The Environment of a Business Relationship

III. Foster and Maintain Business Relationship

Which item is listed under 'The Environment of a Business Relationship' as part of the Internal Environment?

Trust

External Environment

Macro Environment

Organizational Structure

Two basic options for making arrangements in writing are described in the text. What are they?

Use standard templates only; Draft with in-house counsel only

Rely on verbal agreements; Use informal emails

Hire external auditors; Obtain verbal approvals

Engage the services of a solicitor to prepare a formal contract; Write up your own formal contract

Name two elements of a valid contract as described in the document.

Consideration and Capacity

Intention to create legal relations and Agreement

Certainty of terms and Legality of objects

Voidness and Unenforceability

What is the benefit of confirming arrangements in writing, according to the text?

The written form serves as a platform on which both parties can find common understanding and agreement

It ensures faster negotiations

It guarantees legal action in all cases

It eliminates the need for signatures

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Coordination and Linkages Quiz

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About this activity

Created by

Download the paper version to play

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Coordination and Linkages QuizOnline version

by Princess Ryza R. Esteban

What is the heading of section I in the document?

Which item is listed under 'The Environment of a Business Relationship' as part of the Internal Environment?

Two basic options for making arrangements in writing are described in the text. What are they?

Name two elements of a valid contract as described in the document.

What is the benefit of confirming arrangements in writing, according to the text?

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