Answers and explanations

  1. Standard operating procedures are step-by-step instructions and how a task should be carried out so that employees know exactly what to do.
  2. A BPA is used by companies in a joint venture and it lays out each party's contribution, their right and responsibilities, how decisions are made, and who makes them.
  3. A Memorandum of understanding is a formal agreement between two parties but it is not legally binding whereas the memorandum of agreement is similar but is legally binding.
  4. An Interconnection Security Agreement (ISA) states how connections should be made between two business partners. They decide on what type of connection and how secure it for example they may use a VPN to communicate.
  5. If we adopted separation ...

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