Q1.
a) Explain the Ethical issues involved in marketing of Goods & Services and support your answer with any 2 relevant examples of Royal Decrees governing ethical behavior in Oman.
b) A reputed automotive company is buying Non-Genuine spare parts for cars from China and then repackaging them as genuine parts and making misleading labels. The customer buys brake pads (at the price of genuine item) for his car from the company assuming the parts to be genuine. An employee of the company feels that it is not fair on part of the company and reports the matter to Public Authority for Consumer Protection (PACP). Which ethical issue is involved in the case?
Which of the consumer rights is/are violated?
Q2. "Companies can no longer afford to ignore their Corporate Social Responsibility." Critically examine the statement and give at least 2 relevant examples from Oman economy regarding successful and meaningful initiatives undertaken by firms in this area.
Q3.
a) Explain the concepts of Indemnity, Utmost Good Faith and Insurable Interest with relevant examples.
b) Mohammed Al Hooti has a JCB machine under Motor Vehicles Insurance (Insured Value= RO 20,000) with Al Ahlia Insurance Company. During recent floods, the machine was swept away in a wadi and got badly damaged. The surveyor inspected the machine and concluded that the machine is beyond economical repair. Al Ahlia Insurance disbursed and amount of RO 20,000 to Abdullah as compensation. Now Abdullah also wants to sell the damaged machine as scrap for additional amount of RO 3000.
Can Abdullah sell the damaged machine according to Insurance Law? Explain with relevant terminology of the Insurance Law.
Q4. Oman market has numerous Principal-Agent relationships represented by companies like Bahwan Automotive, Zubair Corporation and Zawawi Corporation etc. who represent various brands like Toyota, Nissan, Mitsubishi and Mercedes in Oman.
a) Explain the key duties of the Principal and the Agent with any suitable example from Oman market.
b) What are the various conditions under which such agency agreements can be terminated?
c) Quote and explain 2 Royal Decrees with respect to Agency Law in Oman.
Q5. Oman Labour Law achieves a fine balance between Employer-Employee relations.
a) Critically explain the scope of Oman Labour Law with respect to the range of issues it covers in Employee-Employer relations.
b) Explain Minimum Wage Legislation and Law governing Workers Unions in Oman citing relevant statutes (Royal Decrees).