P2: Describe the different stakeholders who influence the purpose of two contrasting businesses. What are stake-holders? Stake-holders are any individuals‚ organizations and companies’s interested in the business section and are affected by the business activities. Internal stake-holders are groups within the business; On the other hand‚ External stake-holders are those outside the business‚ for example‚ the community. Internal stake-holders consist of: Owners: Interested in making profit and
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Managerial Economics Introduction Economic principles inform good business decision making. Although economics is sometimes dismissed as a discourse of practical relevance to only a relatively small circle of academicians and policy analysts who call themselves economists‚ sound economic reasoning benefits any manager of a business‚ whether they are involved with production/operations‚ marketing‚ finance‚ or corporate strategy. Along with enhancing decision making‚ the field of economics provides
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only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Paper P2 (INT) Section A – THIS ONE question is compulsory and MUST be attempted 1 Minny is a company which operates in the service sector. Minny has business relationships with Bower and Heeny. All three entities are public limited companies. The draft
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Managerial Economics and Economics Managerial Economics has been described as economics applied to decision making. It may be viewed as a special branch of economics bridging the gulf between pure economic theory and managerial practice. Economics has two main divisions :- (i) Microeconomics and (ii) Macroeconomics. Microeconomics has been defined as that branch of economics where the unit of study is an individual or a firm. Macroeconomics‚ on the other hand‚ is aggregate in character and has
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Faculty of Management Technology Accounting & Financial Control Department Corporate Finance for BI FINC505 Chapter -1- The Role of Managerial Finance Problem Sheet -1P1 True/False 1. Financial managers actively manage the financial affairs of many types of business— financial and non-financial‚ private and public‚ for-profit and not-for-profit. 2. In partnerships‚ owners have unlimited liability and may have to cover debts of other less financially sound partners. 3. The board of directors
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P2 Describe the needs of inbound and domestic visitors to UK destinations Connor Murphy Introduction • In this presentation I am going to be looing at the different needs that inbound and domestic visitors will have when they visit the UK as a travel destination. I will look at specific examples for both domestic and inbound visitors Inbound visitors to UK Destinations Inbound tourism is when people enter a country from their own country or another country which is not their home. For example
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a 1. Define the three aspects of organizational architecture. The three aspects of organizational structures as highlighted in the synopsis of Managerial Economics and Organizational Architecture are as follows : 1. The assignment of decision rights within the firm 2. The methods of rewarding individuals 3. The structure of systems to evaluate the performance of individuals and units These three components are often referred to a stool with three legs. If one of the
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Organizational Stakeholders’‚ Business Horizons (July/August) pp.39-48. 5. Carroll‚ A.B. (1979) ‘A Three-Dimensional Conceptual Model of Corporate Performance’‚ Academy of Management Review‚ Vol. 4‚ No. 4‚ pp. 497-505. 6. Carroll‚ A.B. (1990) ‘Principles of Business Ethics: Their Role in Decision Making and Initial Consensus’‚ Management Decision‚ Vol. 28‚ No. 8‚ pp. 20-24. 7. Carroll‚ A.B. (1993) ‘Business and Society: Ethics and Stakeholder Management’‚ second edition (Cincinnati: South-Western
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CAMERON UNIVERSITY LAWTON‚ OKLAHOMA DEPARTMENT OF BUSINESS Finance 5613 Fall 2002 Dr. Robert P. Yuyuenyongwatana COURSE OUTLINE Contact: Room 309‚ Department of Business Phone: 581-2213 E-Mail: roberty@cameron.edu Home Page: http://www.cameron.edu/~roberty Hours: M-Th 9 - 10:50 a.m.‚ Th 6 - 6:30 p.m. Or by appointment Objective The course covers financial decision theories and applications‚ asset valuation‚ capital budgeting techniques‚ capital structure‚ leasing‚ working
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Section2 (P2): Explain the difference between capital and revenue items of expenditure and income. a): Capital income: Capital income is income generated by an asset over time‚ rather than from work done using the asset. If a farmer buys land for a certain amount of money and sells it at a profit after one year‚ the difference in the prices is capital income. Capital income‚ also known as capital gains‚ can only be realized after an asset is sold. In contrast‚ if an asset is sold at a lower price
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