**HL Business 2013 Before/After**

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?

Leaving Cert Student

if it were a percentage yes that would be somewhat representative of the entire year but the balance of payments for one quarter will be roughly 4 times smaller than that of entire year

cfc.forever

Even though I'm a JC Student, I'm going to do HL Business for the LC, gonna have a look at the paper

Leaving Cert Student

cfc.forever wrote: »

Even though I'm a JC Student, I'm going to do HL Business for the LC, gonna have a look at the paper

I wouldnt if I were you... boring course, terrible time pressure, possibly most ridiculous question in the ABQ etc. personally, I would have done something more factual and less time pressure than business

Hamza Malik

Leaving Cert Student wrote: »

I wouldnt if I were you... boring course, terrible time pressure, possibly most ridiculous question in the ABQ etc. personally, I would have done something more factual and less time pressure than business

The ABQ will very easy for you. It would be based on units 1, 2 and 3 which are soo easy. But its a boring subject :P

Lucan Bohs

Leaving Cert Student wrote: »

I wouldnt if I were you... boring course, terrible time pressure, possibly most ridiculous question in the ABQ etc. personally, I would have done something more factual and less time pressure than business

Have to disagree with ya there. Business is probably one of my favourite subjects. It helps that I'm more of a business and economics minded person then maths or biology which I'm sh*te at. Each to their own I suppose.

The Abq is easy marks most of the time once you can pick out the quotes.

Time wise, it's tough but I still had 20 mins spare. I just stick to a very strict time limit.

Vito Corleone

I liked business at the beginning but after awhile I realised that the course is just a load of ****e that has very little (if any) use in real life.

Lucan Bohs

Vito Corleone wrote: »

I liked business at the beginning but after awhile I realised that the course is just a load of ****e that has very little (if any) use in real life.

Sounds like the majority of the LC (except european languages)

Leaving Cert Student

Vito Corleone wrote: »

I liked business at the beginning but after awhile I realised that the course is just a load of ****e that has very little (if any) use in real life.

exactly how I felt. Saw a movie on Abraham Maslow the philosopher and was intrigued, then the business course took his theories of motivation and simplified it to the point it was pathetically simple. I think that sums up the effect business had on us all. Takes a seemingly good healthy thing like enterprise and completely destroys it. Just glad I never have to think of the similarities of households and businesses or another characteristic of being envrironmentally responsible ever again. There is only so many ways you can say a characteristic of being eco-friendly is to be sensitive to the environment.

Wheew glad that subject has left my life forever

KJY

Leaving Cert Student wrote: »

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?

I'm trying to remember, did it definitely ask for one year? If so then yes you would multiply. Only worth about 3-5 marks anyway

internet_user

KJY wrote: »

I'm trying to remember, did it definitely ask for one year? If so then yes you would multiply. Only worth about 3-5 marks anyway

did you have to multiply that by 4? i just left it as a quarter

KJY

Does anyone have the paper with them?

internet_user

KJY wrote: »

Does anyone have the paper with them?

you had to hand it up, so i id say unlikely :pac:

Owanea

I've a copy because there was a few spare when we left and we were left take them.

rugrats

Lovely paper, I thought....I wish I studied the data protection commission though. They were crafty enough looking for the exact definition.Did anyone get question 5 on the short questions?

internet_user

rugrats wrote: »

Lovely paper, I thought....I wish I studied the data protection commission though. They were crafty enough looking for the exact definition.Did anyone get question 5 on the short questions?

which q was that?

onlineavatar

Leaving Cert Student wrote: »

exactly how I felt. Saw a movie on Abraham Maslow the philosopher and was intrigued, then the business course took his theories of motivation and simplified it to the point it was pathetically simple. I think that sums up the effect business had on us all. Takes a seemingly good healthy thing like enterprise and completely destroys it. Just glad I never have to think of the similarities of households and businesses or another characteristic of being envrironmentally responsible ever again. There is only so many ways you can say a characteristic of being eco-friendly is to be sensitive to the environment.

Wheew glad that subject has left my life forever

Amen to that.

rugrats

internet_user wrote: »

which q was that?

The impact on management after setting up a new website

internet_user

rugrats wrote: »

The impact on management after setting up a new website

i wrote something off the cuff i cant remember exactly

onlineavatar

Exchange Rate- The price of one currency expressed in terms of another currency.
Interest Rate- The cost of borrowing money
Taxation- Can be progressive or regressive
Economic Growth- The increase in the value of goods and services...
Inflation- Is measured by the CPI

LCstudent17

SeanyboyQPR wrote: »

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...

I wrote about environment but I linked it with the interest groups