BUSINESS ADMINISTRATION
INDUSTRIAL RELATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Create a Consultation Brochure
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Make and sign a Memorandum of Understanding (SKB)
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Fill in and send the employee case reporting template that has been provided by HR Industrial Relations, to be followed up to a Tripartite settlement (a condition for recording dispute resolution to the Manpower Office)
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All wrong
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Detailed explanation-1: -It is not legally binding but signals the willingness of the parties to move forward with a contract.
Detailed explanation-2: -A memorandum of understanding, or MOU, is a nonbinding agreement that states each party’s intentions to take action, conduct a business transaction, or form a new partnership. This type of agreement may also be referred to as a letter of intent (LOI) or memorandum of agreement (MOA).
Detailed explanation-3: -The contents of an MOU include but are not limited to the scope and intended action of the MOU, the project, and the names of the parties and their respective responsibilities. Other contents include the length of the agreement, when the agreement begins, and when or how either party can terminate the agreement.
Detailed explanation-4: -A memorandum of understanding (MOU) is a formal agreement that outlines plans for a common line of action between two or more parties. An MOU is used when companies plan to work together or partner on a project or similar venture.