Qualification > Commerce
Business Paper (2)
astarmathsandchemistry:
--- Quote from: ManaH on June 02, 2009, 07:44:15 pm ---
--- Quote from: rekomeko on June 02, 2009, 07:42:26 pm ---@roxy: the word social means something related to the economy
Social costs is a negative effect that will happen to the social enviroment as an effect from a business deision, social benefits however are the opposite obviously, it is the positive effect on the social envuroment as an affect from a business decision, cost-benefit anlysis is just like a table where the Social costs and benefits and the private costs and benefits (these are the positive and negative effects on the business it self from a business decision) so that we can evaluate if the desicion should be take or not
For example: A company will open a new factory in country X, construct a Cost Benefit analysis for this.
ANSWER: SOCIAL COSTS:
-possible pollution
-can destroy the natural bueaty of the land
SOCIAL BENEFITS:
-Decrease Unemployment
-Better economy as more products will be made and this increasing competition or variety for customers
PRIVATE COSTS:
-Cost of land
-Cost of labour
-Cost of new Machinery
PRIVATE BENEFITS:
-More profits
-Better reputaion of business
-Benefit from ecomies of scale (cost/unit falls)
THEN GIVE A REASONED CONLUSION OF WHETHER THE BUSINESS SHOULD BUILD ITS FACTORY OR NOT BASED ON THE CBA, THATS BASICALLY IT
ALSO, THE GOVERNMENT WILL CHOOSE IF THIS DECISION SHOULD BE TAKEN AS THEIR ARE SOCIAL BENEFITS AND COSTS,
I HOPE THIS HELPS
GOOD LUCK
--- End quote ---
ohhhg that ya ok i know it By the way ia sked u a question
umm the company pays it LOAn not debt right?
--- End quote ---
haha ok
oh sorry
LOAN IS SPECIFIC TO A BANK, HOWEVER A DEBT IS IN GENERAL IT CAN BE FROM CREDITORS BANKS ANYONE!!
HOPE IT HELPS :P
ineedaz:
hello guys... i'm new... great job in boosting my confidence!! =)
I have a question... oct/nov 2008 p2... Q3(b)
It asks: WHY is it important to recruit staff... 6 marks.. ideas??
MaNa:
--- Quote from: ineedaz on June 02, 2009, 07:48:49 pm ---hello guys... i'm new... great job in boosting my confidence!! =)
I have a question... oct/nov 2008 p2... Q3(b)
It asks: WHY is it important to recruit staff... 6 marks.. ideas??
--- End quote ---
without looking at the case study
perhaps bcuz the staff currently eployed arent efficent in thier work
n they are not apprpriate for the jobs they are asgined
the job analysis would have been done latly n the staff which are curenntly doing their work arent right.....
astarmathsandchemistry:
--- Quote from: ineedaz on June 02, 2009, 07:48:49 pm ---hello guys... i'm new... great job in boosting my confidence!! =)
I have a question... oct/nov 2008 p2... Q3(b)
It asks: WHY is it important to recruit staff... 6 marks.. ideas??
--- End quote ---
the dam should be built correctly with good quality and this requires highly skilled employees, this will in turn improve the profitability and reputation of general electric, GE aslo must ensure that the dam is built fast enough efficiently, make sure you like it properly to the case study for full marks, you could also mension some disadvantages like high labour costs, and motivation problems
HOPE THIS HELPS
GOOD LUCK!! :D
ineedaz:
thank u both, ManaH and rekomeko...
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