AFM 132 - BREAKDOWN EXAM QUESTIONS AND ANSWERS
WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE
Emotional Intelligence (EQ)
Measure of technical aptitude and social intelligence.
How to become future-proof?
Digital Literacy
Entrepreneurial Abilities
Social Intelligence
Ethics and Corporate Social Responsibility
Businesses influence day-to-day lives through products/services we rely on and
consumers can demand they help the society in how they operate.
How can businesses help society?
Ethic Behaviour
Sustainability
Philanthropic Initiatives
What they stand for
What influences technological changes?
Our constantly evolving needs and desires which include more options and
convenience.
What needs to be considered about international business?
,Competition for Customers
Business Decisions
Employment
CFO (Chief Financial Officer)
Responsible for more than financial reporting, control and compliance.
Trusted business partner expected to help organization focus activities to align with
business strategy to drive values.
Business
Activity you intend to carry on for profit.
Mixed Economy
Some allocation of resources are made by market and some are made by various levels
of government that play active role in the community.
Crown Corporation
A type of business owned by the government. (Canada Post, LCBO)
Privatization
Sale of publicly-owned corporation, such as a crown corporation. (Air Canada, Hydro
One)
Why privatize?
Source of cash for government.
Promotes competition - Drives innovation which improves efficiencies and reduces cost
for consumers.
Small Business
, Independently owned and operated, not dominant in its field of operation and meets
certain standards of size.
Why small businesses fail?
1. Inadequate Management Skills
2. Lack of Financial Support
3. Difficulty Hiring & Keeping Good Employees
4. Aggressive Competition
5. Government Paperwork
Why trade?
No country can produce all products/services their people need and they produce
beyond their ability to consume.
Sole Proprietorship
Business owned and operated by one person.
Partnership
Business owned and operated by two or more persons who have a partnership
agreement.
Corporation
A business that is owned by many investors and is a separate legal entity.
Free Trade
Where goods and services can be traded between countries without any political or
economic obstruction.
Why is free trade challenging?
WITH COMPLETE SOLUTIONS GRADED A++ LATEST UPDATE
Emotional Intelligence (EQ)
Measure of technical aptitude and social intelligence.
How to become future-proof?
Digital Literacy
Entrepreneurial Abilities
Social Intelligence
Ethics and Corporate Social Responsibility
Businesses influence day-to-day lives through products/services we rely on and
consumers can demand they help the society in how they operate.
How can businesses help society?
Ethic Behaviour
Sustainability
Philanthropic Initiatives
What they stand for
What influences technological changes?
Our constantly evolving needs and desires which include more options and
convenience.
What needs to be considered about international business?
,Competition for Customers
Business Decisions
Employment
CFO (Chief Financial Officer)
Responsible for more than financial reporting, control and compliance.
Trusted business partner expected to help organization focus activities to align with
business strategy to drive values.
Business
Activity you intend to carry on for profit.
Mixed Economy
Some allocation of resources are made by market and some are made by various levels
of government that play active role in the community.
Crown Corporation
A type of business owned by the government. (Canada Post, LCBO)
Privatization
Sale of publicly-owned corporation, such as a crown corporation. (Air Canada, Hydro
One)
Why privatize?
Source of cash for government.
Promotes competition - Drives innovation which improves efficiencies and reduces cost
for consumers.
Small Business
, Independently owned and operated, not dominant in its field of operation and meets
certain standards of size.
Why small businesses fail?
1. Inadequate Management Skills
2. Lack of Financial Support
3. Difficulty Hiring & Keeping Good Employees
4. Aggressive Competition
5. Government Paperwork
Why trade?
No country can produce all products/services their people need and they produce
beyond their ability to consume.
Sole Proprietorship
Business owned and operated by one person.
Partnership
Business owned and operated by two or more persons who have a partnership
agreement.
Corporation
A business that is owned by many investors and is a separate legal entity.
Free Trade
Where goods and services can be traded between countries without any political or
economic obstruction.
Why is free trade challenging?
