Professionalism and ethics

Rights come with responsibilities

1. Right to just administrative action- responsibility to act with respect

Legally binding

The court will force the different parties to honour the agreements that were included in the contract.

Contract Capacity

The person is legally allowed to enter into a contract.

Sound Mind

The person entering a contract does not suffer from any mental illness.

Reasonable

The conditions of the contract have to be reasonable

Legal

All duties carried out as part of the contract must be legal and no unlawful activities are legally binding or protected by the law

Possible

The activities that form part of the contract must be physically possible to achieve

A breach in a contract occurs when?

1. Any of the above requirements making it a Leagally - binding document were compromised

2. Either of the parties fails to fulfil the requirements as laid out in the contract

3. False or misleading information forms part of the contract

4. A person was forced to sign a contract

5. The requirements of the contract were unclear to one of the parties.

Define the term Employment contract

An agreement between an employer and employee

• the employee undertakes to perform certain duties and to meet certain deadlines

• The employer promises to remunerate the employee for the work done

Insurance contract

Is entered into between two parties, namely the insurer and the insured

Lease Agreement

Is entered into between a lessor and a lesse

Instalment sale

Exists when a seller allows a buyer to: pay a deposit, immediately take possession of the goods, pay the goods off in monthly instalments

Rental Agreements

A contract between a landlord and a tenant where the tenant rents property from the landlord

Franchising

(The original owner of the business concept)

• a person who pays to use the business concept to generate an income

Self - knowledge

About knowing oneself and about understanding what drives personal motivation

Self - confidence

The level of trust one places in one’s ability to perform a particular task

Adaptability

A person being flexible around different situations and tasks

what does BCEA stand for?

Basic Conditions of Employment Act

Define the term ethics

The difference between right and wrong

Delegation

To motivate and empower team members

List the principals in delegation

1. Feedback and control

2. Know your own abilities

3. Understand the abilities of others

4. Understand different job roles

5. Trust your employees

6. Communicate effectively

7. Empower your employees

List all the the causes of Poor Time Management

1. Meetings not starting on time

2. Meetings not being effectively managed

3. Unpleasant tasks being left till last

4. Poor prioritising of tasks

5. Poor Delegation

Name SIX types of legal contracts

1. Employment Contracts

2. Insurance Contracts

3. Lease Agreements

4. Instalment Sale Contracts

5. Rental Agreements

6. Franchise Agreements

Name what is included in a Employment Contract information

1. Name and address of both parties

2. Job title

3. Job description and responsibilities

4. Remuneration structure

5. Leave details

6. Notice period

7. Code of Conduct