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SSC 115 SPECIAL READING ASSIGNMENT 2

Read the appropriate chapters of your textbook and answer the following questions. The questions require short and brief answers. All answers can be found in your textbook. It is not necessary to refer to any other references.

The assignment is due on Tuesday, 1 April 2003. Please type your assignment and bind the pages.

No

Question

1

Explain what is meant by the business term "profits" as defined in the textbook.

2

List the four factors of production.

3

Explain what happens when the demand curve intersects with the supply curve.

4

What are the three broad goals of nearly every economic system?

5

State the "law of demand".

6

What are the three types of business organizations?

7

Discuss the advantages and disadvantages of partnerships.

8

Discuss the advantages and disadvantages of a corporation.

10

What are the three basic steps in the process of creating a corporation.

11

Describe the three distinct bodies of corporate governance.

12

What is ethical behaviour?

13

Describe the three-step model for applying ethical judgments to situations that may arise during the course of business activities.

14

What is the difference between ethics and social responsibility?

15

What are the four basic consumer rights?

16

Describe the three most common approaches to social responsibility.

17

What elements work together to determine an organizations structure?

18

What is the difference between responsibility and authority?

19

Discuss the difference between delegation and accountability.

20

What are the basic forms of organizational structure?

21

Define marketing.

22

What is the difference between consumer and industrial goods?

23

What are the elements of the marketing mix? Define each of the components.

24

What are target markets?

25

What influences consumer behaviour?

26

Explain the difference between financial accounting and managerial accounting?

27

Explain the accounting equation.

28

Define the term "current assets" as found on a balance sheet.

 
Special Reading Assignment
 
You are required complete a special reading assignment to fulfill your course requirement.  Your first assignment is to find the meaning and purpose of each of the following business documents:
  1. Invoice
  2. Receipt
  3. Promissory note
  4. Debit note
  5. Credit note
  6. Bill of lading
  7. Bill of exchange
  8. Voucher

This assignment is due on Wednesday, 26th March 2003.

 
 

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