Business Management. Flashcards
Questions
Answers
4.1.1 What is one of the most important support functions in an emergency? (p.155)
Transportation
4.2.1 What does FEMA stand for? (p.158)
Federal Emergency Management Agency
4.2.2 How does FEMA define an Incident Command System? (p.159)
Standardized, on-scene, all-hazards incident
management approach that:
• Allows for the integration of facilities, equipment, personnel, procedures, and communications operating within a common organizational structure.
• Enables a coordinated response among various jurisdictions and functional agencies, both public and private.
• Establishes common processes for planning and managing resources.
4.2.3 What is JEPP? What is its function? (p.160)
Joint Emergency Preparedness Program: ensure that all levels of government across Canada are equally prepared to respond to emergencies.
4.2.4 What should emergency planning for the private sector take into account? (p.160)
- If an emergency impacts the physical location of the fleet organization,
- If an emergency impacts a group of drivers in a particular geographic region away from the physical location of the fleet organization, and
- If an emergency occurs at a supplier, thus disrupting service to the fleet organization.
4.2.5 What are the essential elements that need to be considered for a mutual aid agreement 161
• Defined purpose
• Voluntary
• Reciprocal
• Spatial dispersion
• Shared operations plan
• Indemnification
4.3.1 What are the important points to keep in mind when developing an Emergency Response Plan? p.165-172)
- Develop response plans for most likely events
- Keep the plan flexible
- Use three principles to guide the plan…Survivability, Adaptability, and Sustainability
- Write an Emergency Operations Plan
- Train staff
- Develop staffing plans for 24/7 operations
- Safeguard your lines of supply
- Conduct security planning
4.3.2 What should you consider when calling in personnel during an emergency? (p.
Many of your employees could be personally affected by the disaster and may need to attend to their family needs before returning to work.
4.3.3 What are the three principles that guide an Emergency Response Plan? (p.166-
Survivability - Adaptability - Sustainablility
4.3.4 How much fuel should your fleet have stored for an emergency? (p.171)
Storage tank capacity should be large enough to fuel the fleet under emergency conditions for at least 72 hours
4.3.5 What are important maintenance activity issues during an emergency? (p.171-
Preventive maintenance becomes even more important to maximize vehicle uptime - To the highest degree possible, guarantee that your vehicles will receive priority service. Develop alternate or backup service providers if feasible
4.4.1 What is one of the first actions that need to be taken during an emergency?
Communication
4.4.2 Why is a steady, sustained response more effective than an overabundance of resources 175
Avoid the temptation to over-commit your resources or act in haste.
4.5.1 Why is it important to have an event debrief? (p.177)
Identify Lessons learned and make changes for the future
4.5.2 What is the main thing an After Action Report (AAR) will identify? (p.177)
strengths and weaknesses of the response, areas of improvement, and follow up actions.
4.5.3 What post-event activities should follow an emergency event? (p. 177)
Debriefing & AAR
5.1.1 What are two constraints that are common in many companies?
- the inability to make changes fast enough to meet changing market conditions
- inability to align their organizations to execute quickly.
5.1.2 Why has partnering become a key to survival? (p.232)
takes the tops off jars for these enterprises, broadening the perspective they need in order to close capability gaps, create a sustainable advantage, and achieve their strategic goals
5.1.4 What does partnering allow an organization to do? (p.232-233)
• Respond to change in timely fashion
• Decisively seize short-term opportunities
• Adapt to evolving market trends with greater flexibility233
• Acquire needed new products, skills or areas of competence withminimal disruption
• Expand the organization’s market share
• Cut back the number of customer defections
• Access new markets or compete in new industries
• Improve fleet operation and driver productivity
• Shore up internal weaknesses
5.1.5 How can a partnership with a Fleet management company help lower TCO
• Lowering costs of vehicle acquisition, operation and disposal
• Improving efficiency, compliance and driver performance
• Expanding the ability to finance, acquire and deploy fleet-related technology more quickly
• Creating mutual opportunities to co-develop and innovate
• Enhancing customer responsiveness and the organization’s reputation
5.1.6 What is the “trust Hierarchy”? (p.233)
• Level 1: Total Trust. Each side operates in the best interest of the other side, with unconditional positive regard.
• Level 2: Social Contract. Each side agrees to follow the social expectations documented in a charter created during a partner meeting or workshop.
• Level 3: Quid Pro Quo. Each side’s actions are reciprocal, based on taking turns (“I’ll do X, if you’ll do Y”).
• Level 4: Deception. Each side meets obligations, but in some cases takes advantage of the other while disguising true intent.
• Level 5: Revenge. Each side operates to take advantage of the other, or to impose punishment on the other for previous failure.
5.2.1 Who should handle an outsourced relationship to ensure that it lasts the wear-and-tear of time? 235
Leadership
5.2.2 How should the management team optimize the value derived from the relationship 235
• Formalizing the management framework.
• Forming day-to-day
• Program and project planning and governance.
• Creating relationship strategies.
• Facts and data base-lining. • Ensuring supplier engagement and mobilization.
• Developing links between partners. E
• IT system deployment.
5.3.1 Where does partnership begin? (p.238)
Identify specific needs
5.3.2 What is the difference between a strategic partner and a Tactical relationship?
Tactical: Short Term Strategic: Long Term
5.3.3 What is a Tactical relationship? (p.238)
typically deploys resources to repair or improve specific activities or processes as problems occur
5.3.4 What is a Strategic Partner? (p.238)
forward-looking organizations are typically opting for the long-term stability of strategic relationships with companies anywhere along the supply chain
5.3.5 What are the three partnering strategies? (p.239)
Window: New Technologogies / Best Practices
Positioning: Join forces to create Best in class
Options: create options by joining
5.4.1 What are the positive qualities that successful partnerships are based on?
• Common interests, common goals and common outcomes
• A voluntary relationship
• Shared competencies and resources, with both partners leveraging joint skillsets and assets, including financing flexibilities
• Mutual dependency arising from sharing risks, responsibilities and resources
• Regular team-building sessions to share mutual, interpersonal feedback
• Synergy (total greater than the sum of individual parts)
• Explicit commitment on the part of participants
• Working together at all levels and stages, from the design and governance of the initiative through implementation and evaluation
• Agreed-upon methods for running meetings and conducting business
• Established policies and procedures for conflict resolution and appeal
• Tight agreements regarding confidentiality (which information is to be shared, which is to be held in confidence)
• Complementary support
• Respect and trust
• Open, positive communication
• A checklist to identify the signs of a deteriorating relationship
5.4.2 What are some reasons that partnerships fail? (p.251)
• Wrong initial choice of a partner
• Breakdown in trust
• Change in strategy
• Lack of communication
• Company cultures that did not mesh
• Running separate systems that were not integrated
5.4.3 What are the signs that a partnership may be failing? (p.252)
• People stop participating in meetings
• Deadlines are missed, without prior explanation
• Individuals start doing an end-run around a person, going directly to their boss
• Individuals fail to follow through on promises
• People avoid talking person-to-person and often hide behind their emails
• Conversations take on a “blame” connotation
• Non-verbal signs of discontent emerge during meetings
• People give one-word answers to questions
• Issues quickly escalate into crises
• Issues are resolved at the wrong level
5.4.4 What is the ADAIR process of conflict resolution? (p.252
- Assess Situation
- Define Problem
- Analyze Options
- Implement Change
- Re-establish Relationship
1.1.1 What are the three types of contracts classified by formation? (p. 22)
- Express: Formed by Language ( oral or written)
- Implied: (Formed by Conduct)
- Quasi: Not actually contract (i.e.. accidental payment)
1.1.2 What are the two types of contracts classified by acceptance? (p. 22)
- Bilateral: Traditional exchange of promises
- Unilateral: Promise made by one to another. ( Due upon completion of performance)
1.1.4 What are void, voidable, and unenforceable contracts? (p. 23)
- Void: Illegal ( commit a crime)
- Voidable: one that one or both parties may elect to avoid or ratify (e.g., contracts of minors or mentally ill persons)
- Unenforceble: not enforceable due to various defenses extraneous to contract formation. (The Statute of Limitations)
1.1.5 What is mutual assent? (p. 23)
“Meeting of the minds”
1.1.6 Contract formation requires three elements, explain these elements. (p. 23)
- Offer: creates the power of acceptance in the offeree and a corresponding liability on the part of the offeror
- Acceptance: Acceptance must be communicated to the offeror.
- Consideration: Consideration is what separates a contract from being a gift or other unenforceable agreemen
1.1.7 What three questions will a Court use to judge whether an offer was made? (p.23-24
- Was there a Promise?
- Was there Certainty and Definiteness?
- Was there communication?
1.1.8 How can an offer be terminated? (p. 24)
Communicating revocation of the offer prior to acceptance, by direct communication to the offeree
1.1.9 How can an offeree accept a contract? (p. 24)
Acceptance by mail (or email or other electronic transmission) is effective
1.1.10 What are the two elements of consideration? (p. 25)
- There must be a bargained-for exchange between the parties;
- That which is bargained for must be considered of legal value
1.1.11 What is promissory estoppel? (p. 25)
Substitute for the requirement to have legal consideration
1.1.12 What are 4 categories of reasons that prevent contracts from being formed? (p.
- Absence of mutual assent;
- Absence of consideration;
- Public policy considerations; and
- Lack of capacity.
1.1.13 What is the statute of frauds? (p. 26)
Certain agreements, by statute, must be in writing
1. marriage
2.interests in land
3. performance cannot be completed in one year, and sale of goods > $1,000
1.1.14 What is unconscionability? (p. 27)
Contracts that contain terms that are especially onerous for one party - the clauses are so one-sided as to be unconscionable under the circumstances existing at the time
1.1.15 What is misrepresentation? (p. 27)
- Fraud
- Misrepresentation is a false statement of fact made by one party to another with the intent to induce the other party to enter into a contract.
1.1.16 What is fraud in fact and fraud in the inducement? (p. 27)
- Fraud in Fact: Legal defense to contract formation where the misrepresentation causes one to enter into a transaction without realizing the risks, duties or obligations incurred.
- Fraud in the Inducement: Lies about the product
1.1.17 Can a contract be put aside due to mistake by one party? (p. 28)
Only if, If one or more of the parties to a contract are mistaken about a material contract term or condition, or the contract subject matter, the contract may be invalidated by the courts as there was not a meeting of the minds.
1.1.18 What three questions do courts ask in order to determine if a party is a third party beneficiary
- manifests assent to the promise in the manner specified in the contract;
- brings suit to enforce the promise
- materially changes position in reliance on the promise
1.1.19 What contracts cannot be assigned? (p. 28)
- personal services contracts where the service being contracted for is unique;
- requirements and output contracts (although good faith assignments may be permitted);
- when the promisor’s risk would be substantially altered by the assignment;
- assignments prohibited by law
- when the contract contains an express provision barring assignment
1.1.20 Describe when contractual duties cannot be assigned to a third party? (p. 29)
(i) duties involving personal judgment and skill;
(ii) special trust in delegator;
(iii) if delegation would materially change the obligee’s expectations; and
(iv) if the contract expressly restricts delegation
1.1.21 What are the common rules of contract construction? (p. 29)
(i) the contract is construed as a whole;
(ii) courts will construe words according to their “ordinary” meaning;
(iii) custom and usage in particular business will be applied
(iv) ambiguities will be construed against preparer.
1.1.22 What is the Parole evidence rule? (p. 29)
holds that in a written contract, where the parties express their intent that it embody their complete agreement, no other prior or contemporaneous agreements or expressions will be permitted to modify the language of the ritten contract.
1.1.23 What is the difference between a condition and a promise? (p. 30)
Promise: Commitment to do or refrain from doing something.
Condition: Event, other than passage of time, which will create the extinguish of the duty of the contracted party to perform.
1.1.24 Differentiate between conditions precedent, concurrent and subsequent.(p. 30)
Precedent: must occur before an absolute duty of immediate performance arises
Concurrent:those that occur at the same time and if both do not occur, there is no contract and no breach
Subsequent: occurs after an existing dutyof performance becomes absolute which then terminates that duty
1.1.25 How can a contract be discharged? (p. 30)
Performance
Ocurrence of a Condition Subsequent
Deemed Illegal
Mutual rescission
1.1.26 What is a minor contract breach? (p. 30)
the breach does not substantially affect the promisee’s benefit of the bargain)
1.1.27 What is a material contract breach? (p. 30)
the promisee does not receive the substantial benefit of the bargain as a result of the failure of the promisor to perform to the terms of the contract)
1.1.28 What is a force majeure clause? (p.3 7)
Neither party is liable due to forces beyond their control. I.e. flood, fire, stike
1.2.1 What is a tort? (p.39)
A Civil Wrong