Buisness Studies-CONTRACTS!

An emploment contract is between the employer and employee?

• true

• false

What is stipulated in the employment contract?

• All agreements between employer and employee

• working hours, leave days, payments

• How often the employer is allowed to speak to the employee

What is the definition of insurance ?

• Insurance is the the third party which you make a monthly payment to

• Insurance helps you out when youre in need

• Insurance are the people you call when youre in need

• Insurance helps when youre stuck

Insurance contracts assures you that theyll always be there to help you in need

• false

• true

insurance contracts with holds the type on insurance and what they have got to offer

• true

• false

What is a hire purchase agreement or contract?

• A hire purchase agreement is an agreemnet between a hire person and an average person

• A hire purchase agreement is an agreement between an owner and a hirer

• A hire purchase agreement is an agreement between two people who are friends

What are the 4 main contracts?

• insurance contracts, phone contracts, home conracts and hire purchase agreements

• insurance contracts, hire purchase agreements, lease contracts and employment contracts

What is a contract?

• A contract is an agreement that binds two people together

• A contract is an agreement to always be the better person

• A contract is any agreement between two or more persons that is binding by law.

Business can choose :

Property insurance – insures against loss or damage to business and contents. (fire insurance, storm damage insurance, etc)

Liability insurance – insures business against being sued for negligence

Vehicle insurance – insures against damage to or loss of the business vehicles or damage caused by vehicles

• True

• False

• Non of the above

What does BCEA stand for?

• Basic counselling for economic agreements

• Basic conditions of employment act

• Basic conditions for economic act