**HL Business 2013 Before/After**

Hamza Malik

I don't have my book anymore. Is current ratio current assets - closing stock : current liability? Because i thought that is not the acid ratio?

Vito Corleone

chickcharnley wrote: »

well that a relief i did the same as you, i didnt see the whole quarter thing either i got a surplus figure for the first question and a deficit figure for the second part? you the same?

I honestly can't remember, but I think they were both surplus. But I'm not sure and I could be wrong. Do we lose all marks though, because of the quarter thing?

Hamza Malik

I said taxation was measured by the live register.. because it was either that or another option that was definitely wrong

lenny1995

Leaving Cert Student wrote: »

How did you deal with the holiday thing? add it to gross pay?

**** never added it on

internet_user

johneugene wrote: »

In q8 I didn't use C "is measured by the live register" was that correct?

i was struck between that and i think whatever B was and in the end i matched it with B

Leaving Cert Student

Hamza Malik wrote: »

I said taxation was measured by the live register.. because it was either that or another option that was definitely wrong

I didnt put live register in for any

Leaving Cert Student

taxation was the progressive or regressive on I hope

therambler

Live register is more to do with unemployment? Surely not an error in a state exam :O

Edit: I said live register too for the record

Hamza Malik

Leaving Cert Student wrote: »

taxation was the progressive or regressive on I hope

That's economic growth?

johneugene

internet_user wrote: »

i was struck between that and i think whatever B was and in the end i matched it with B

Literally same!

Lucan Bohs

Leaving Cert Student wrote: »

taxation was the progressive or regressive on I hope

Yeah you're you're right. That short Q was very economics orientated. Economics growth is measured by CPI. I didn't use the live register option

inthezone

Well taxation can be progressive or regressive, I know that from Economics. I'm thinking it's right.

Hamza Malik

Interest rate: cost of borrowing, inflation: rise in price from 1 year.. economic growth: either live register or progressive and regressive, taxation : either progressive or regressive or live register. I'm confused!

The moose

Phoenix Wright wrote: »

Anyone for the trick question? It was Q1 (C) and it asked to explain the following terms in relation to a valid contract:

Agreement, Legality of Form, and Consideration

Nearly, so nearly wrote about acceptance..

What's the difference ?

Lc201395

I can confirm taxation is progressive and regressive

Lc201395

and economic growth is not CPI, CPI was inflation

Dropping No Eaves

Bit unfair that they put an Economics question with terms I've never heard in five years studying business on the paper, surely?

Lucan Bohs

Lc201395 wrote: »

and economic growth is not CPI, CPI was inflation

Then what's a rise in the prices of goods from one year to the next? :rolleyes:

Hamza Malik

Lc201395 wrote: »

and economic growth is not CPI, CPI was inflation

so what was economic growth? And what was inflation? You could have said two options for inflation imo

Leaving Cert Student

economic growth

aarondoc

Hamza Malik wrote: »

so what was economic growth? And what was inflation? You could have said two options for inflation imo

Economic growth was the rise in value of the production of goods and services from one year to the next

Hamza Malik

aarondoc wrote: »

Economic growth was the rise in value of the production of goods and services from one year to the next

That's inflation? OMG

Lc201395

INFLATION IS THE ONE MEASURED USING CPI jeez

Lc201395

Rise in VALUE meaning it is economic growth

Hamza Malik

Haha I messed that question up. Atleast they mark best 8

11Charlie11

It's only one question! :rolleyes:

aarondoc

Hamza Malik wrote: »

That's inflation? OMG

Nah inflation is the rise in prices not the rise in the production of good and services.. Economic growth is measured in GNP or GDP and inflation is measured in CPI

chickcharnley

Leaving Cert Student wrote: »

you scared me here.. it isnt minus though is it? Because you would add balance of trande and balance of invisible trade surely?

for the seond part i got a deficit figure i.e minus but forgot to multiply by 4

Leaving Cert Student

mine were both surpluses I think

11Charlie11

I forgot to go back and do the q! fml! I skipped and said if go back

Hamza Malik

11Charlie11 wrote: »

I forgot to go back and do the q! fml! I skipped and said if go back

It's only one question!

Lucan Bohs

For the ratio short Q I got like 2.28:1 so my explanation of the figure in part (ii) would have been the opposite to the right answer. Do they usually give marks if your explanation matches the figure you get even if the actual figure is wrong?

chickcharnley

i got 4210.10 as take home pay per month

Hamza Malik

Guys in the ABQ it said social responsibilities to its stakeholders. In the text it mentioned suppliers and customers but it also mentioned community and environment.. but the community and envirnment aren't stakeholders.. so like for a 20 mark question did they give enough info?

eoinoc2509

Lucan Bohs wrote: »

For the ratio short Q I got like 2.28:1 so my explanation of the figure in part (ii) would have been the opposite to the right answer. Do they usually give marks if your explanation matches the figure you get even if the actual figure is wrong?

I got that as well are you sure its wrong?

Leaving Cert Student

Hamza Malik wrote: »

Guys in the ABQ it said social responsibilities to its stakeholders. In the text it mentioned suppliers and customers but it also mentioned community and environment.. but the community and envirnment aren't stakeholders.. so like for a 20 mark question did they give enough info?

they mentioned investors and employees too... and environment is a stakeholder

Lucan Bohs

Hamza Malik wrote: »

Guys in the ABQ it said social responsibilities to its stakeholders. In the text it mentioned suppliers and customers but it also mentioned community and environment.. but the community and envirnment aren't stakeholders.. so like for a 20 mark question did they give enough info?

The community and environment are stakeholders afaik. More metaphorically than anything else

Lucan Bohs

eoinoc2509 wrote: »

I got that as well are you sure its wrong?

A lot on here were saying 0.5:1 so I'm presuming they're right.... Hopefully not! :P

SeanyboyQPR

Hamza Malik wrote: »

Guys in the ABQ it said social responsibilities to its stakeholders. In the text it mentioned suppliers and customers but it also mentioned community and environment.. but the community and envirnment aren't stakeholders.. so like for a 20 mark question did they give enough info?

Found this on businessdictionary.com


Stakeholder

A person, group or organization that has interest or concern in an organization.
Stakeholders can affect or be affected by the organization's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government (and its agencies), owners (shareholders), suppliers, unions, and the community from which the business draws its resources.
Not all stakeholders are equal. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.
An example of a negative impact on stakeholders is when a company needs to cut costs and plans a round of layoffs. This negatively affects the community of workers in the area and therefore the local economy. Someone owning shares in an business such as Microsoft is positively affected, for example, when the company releases a new device and sees their profit and therefore stock price rise.


Read more: http://www.businessdictionary.com/definition/stakeholder.html#ixzz2W6Si4egK

I just wrote briefly about employees, customers, shareholders and the environment and suppliers...

Hamza Malik

Leaving Cert Student wrote: »

they mentioned investors and employees too... and environment is a stakeholder

I still talked about the environment in my answer though :rolleyes:

KJY

Balance of trade isn't from one year to the next, hence you wouldn't multiply by four. It's not GDP or GNP

sganyfx

Hamza Malik wrote: »

Guys in the ABQ it said social responsibilities to its stakeholders. In the text it mentioned suppliers and customers but it also mentioned community and environment.. but the community and envirnment aren't stakeholders.. so like for a 20 mark question did they give enough info?

They are are a stakeholder is ANY party who is affected by the business including the local community. They had suppliers, investors, employees, and consumers, even if you excluded the community and environment.

Leaving Cert Student

KJY wrote: »

Balance of trade isn't from one year to the next, hence you wouldn't multiply by four. It's not GDP or GNP

of course it is for one year. they dont just stop exporting and importing after one quarter?

Hamza Malik

sganyfx wrote: »

They are are a stakeholder is ANY party who is affected by the business including the local community. They had suppliers, investors, employees, and consumers, even if you excluded the community and environment.

I don't remember anything about investors. Except that they invested in a customer service centre or something like that.

Leaving Cert Student

Hamza Malik wrote: »

I don't remember anything about investors. Except that they invested in a customer service centre or something like that.

a european venture capital firm invested or something like that

Lcstudent2013

Thank god the quotes in the abq were easy to find

KJY

Leaving Cert Student wrote: »

of course it is for one year. they dont just stop exporting and importing after one quarter?

But the measurement isn't for one year specifically. And the figures will be different every quarter so you multiplying by four won't accomplish anything. That's my guess anyway

Can you view the Q somehow yet?

internet_user

Lucan Bohs wrote: »

For the ratio short Q I got like 2.28:1 so my explanation of the figure in part (ii) would have been the opposite to the right answer. Do they usually give marks if your explanation matches the figure you get even if the actual figure is wrong?

i forgot to look over those yokes and i got something mad like 7.5:1 :L

Hamza Malik

KJY wrote: »

But the measurement isn't for one year specifically. And the figures will be different every quarter so you multiplying by four won't accomplish anything. That's my guess anyway

Yeah because if you multiply by 4 its implies the balance of trade is the same figure of each one quarter. But imports and exports will differ every quarter year. Its not gonna stay the same

Leaving Cert Student

KJY wrote: »

But the measurement isn't for one year specifically. And the figures will be different every quarter so you multiplying by four won't accomplish anything. That's my guess anyway

Can you view the Q somehow yet?

But to multiply by 4 would give an approximation, leaving it as the value for one quarter could surely not be sufficient when the question asked you to calculate it for one year.. i cant think of any other way of doing it really?