**HL Business 2013 Before/After**

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: