Notes, summaries, assignments, exams, and problems for Vocational training

Decision: Definition and Importance

Decision-making is the process of selecting the best option from two or more alternatives, based on specific criteria. It involves choosing between different approaches to achieve an objective. While 'choosing' implies selection, 'deciding' implies action and implementation. A decision defines the scope of authority; leaders make and implement decisions. Decision-making is a crucial opportunity for change and improvement, and it entails significant responsibility, requiring accountability for results and acceptance of consequences.

Elements of a Decision

A decision, especially one involving risk, is often a combination of information and the personality of the decision-maker. Greater information generally leads... Continue reading "Strategic Decision Making for Business Success" »

Just-in-Time (JIT) and Quick Response (QR)

Just-in-Time (JIT), meaning "at the right time", ensures that raw materials and finished products are available to the production process or the end user precisely in the class, quantity, and time required. The Quick Response (QR) technique is a management system that uses information technology for real-time information about market demand and responds instantly, reducing production costs and maintaining stocks.

Distribution Channel Selection

Choosing the best option among possible distribution alternatives is crucial. Decisions include single or multi-channel, direct or indirect. The most frequent activities in a company are:

• Development of the company's distribution plan.
• Determining the geographic scope

Government contracts are considered for award when valued at less than €50,000 in the case of works contracts, or €18,000 for other types of contracts.

Contract Award Procedures Explained

Several procedures govern the award of public contracts:

• Open Procedure: All interested contractors may submit a proposal.
• Restricted Procedure: Only employers who request to be selected by the contracting authority may submit proposals.
• Negotiated Procedure: The award goes to the successful bidder chosen by the contracting authority after consulting several candidates. Depending on the amount and specific cases stipulated in this Law, negotiations may occur with or without prior advertising.
• Competitive Dialogue: Used for particularly large infrastructure projects.

Characteristics of an Internal Control System

An effective internal control system is designed to achieve several critical objectives:

• Safeguarding of Assets: This includes both physical protection (against theft, damage, etc.) and accounting protection (against errors, omissions, and fraud).
• Ensuring Accuracy and Reliability: To guarantee the accuracy and reliability of accounting transactions and financial records.
• Promoting Operational Efficiency: It must achieve greater efficiency in the use of company resources (material, human, and financial) during the development of all activities.
• Encouraging Adherence to Management Policy: Establishing a strong system of staff motivation and integration that encourages identification with and adherence

Understanding Business Legal Forms: Pros and Cons

Characteristics of a Civil Company

• Unlimited liability
• Minimum 2 partners
• No minimum capital requirement
• Taxation: Personal income tax
• Social security: Freelance contributions
• Name: Free choice with the addition of "SC" (Sociedad Civil)

Advantages and Disadvantages of Choosing a Legal Form

Sole Trader

Advantages:

• Simpler constitution procedures compared to other legal forms.
• No minimum capital requirement for establishment.
• Taxed under personal income tax, with potential tax benefits for lower income brackets (up to 35%).
• The employer retains total control over the company.
• Public assistance may be available for establishment.

Disadvantages:

• Employer's liability is unlimited, risking personal capital.
• Establishment

Contract Elements

Real Elements

The real elements of a contract are the thing and the price.

The Thing Under Contract

This refers to the good, right, or merchandise being exchanged. The thing must be possible, according to the Code of Commerce:

• Things to resell furniture
• Sale of samples: The seller must deliver the thing with the same qualities as the sample, and the buyer may refuse to receive what was contracted.
• Sale to the test: The buyer purchases the thing, reserving their final decision based on the results of testing the effectiveness of the goods.
• Confirmation unless-Sale: The contract is agreed upon between the buyer and a trade representative.

Price

The price is the amount the buyer is obligated to pay the seller in exchange for the thing.... Continue reading "Understanding Contract Elements, Seller & Buyer Obligations" »

Contract Amendments, Suspensions, and Termination

An amendment of contract is the alteration or modification of benefits or conditions agreed upon in the contract.

Types of Contract Amendments:

• Functional Mobility: When a worker goes to functions other than those initially agreed upon.
• Geographical Mobility: Occurs when a change in the workplace requires a change of residence.
• Temporary Displacement: A temporary change of workplace and residence.
• Final Service: A permanent or long-term change of workplace and residence.

Substantial Modification of Working Conditions:

(Refers to basic elements of the employment contract)

• Workshop
• Hours
• The regime shift work
• The remuneration system
• The system of work and performance
• Mobility extraordinary functional

Suspension

Labor Day

Time is measured in days, weeks, or months that the employee is engaged in work.

Duration of the Day

The duration of the day must be agreed upon in the collective agreements or employment contracts within the limits established by law. The working day is measured in hours.

• Daily Weekly: Maximum duration: 40 hours per week.
• Working day: According to the ET, it cannot exceed 9 hours.
• Special Days: Activities and characteristics of some sectors can make necessary additions or reductions in working hours.

Breaks

The minimum periods of rest established in the collective agreement and the ET must be respected.

• Rest in the day: More than 6 hours: minimum 15 minutes; up to 6 hours: not required. Under 18 years: at least 15 minutes.
• Minimum closing

Factors Influencing Speed

Muscle Factors

Provision of bony plates, fiber layout types. The fibers are fast-twitch white and slow-twitch red. The percentage distribution of the fibers depends on:

• Type of muscle
• Age (older individuals often have a higher percentage of red fibers)
• Gender (women often have fewer white fibers)
• Degree of training
• Genetic constitution: Higher or lower muscle viscosity or tone. Greater or lesser muscle elongation capacity. Greater or lesser muscle mass.

Nervous Factors

Intramuscular coordination. Speed of nerve impulse transmission from excitation to inhibition centers or vice versa.

Training Factors

These include:

• Strength and Power

  The increase in strength or power for muscle contraction is responsible for the increased acceleration

Promissory Notes

Functions similarly to a postdated check regarding the current account. It serves as a payment document delivered to a holder, who cannot make it effective until the date shown on it. Promissory notes are standardized and are issued by banks or companies with a format similar to a check.

A promissory note should contain:

• Title of note
• Pure and simple promise to pay an amount
• An indication of maturity
• Place of payment
• The name of the person to whom payment is to be made

Checks

A very useful method of payment, as its mere delivery transfers the amount of money it represents to another person. The recipient can cash it at the issuing bank or deposit it in another bank for collection.

From a legal point of view, a check is a valuable instrument... Continue reading "Understanding Promissory Notes and Checks" »