Business Help Thread (4 Viewers)

[its_ace21]

dont u retrain to prevent accidents

 

[its_ace21]

this paper is crazy made me lose braincells

 

[its_ace21]

also why is 9 A and not C. i feel both those answers are equal??!?!?!

a -> increase target market, increase market share

 

[yozz]

carrots probs laughing rn with his 20/20

 

[jimmysmith560]

ok but thats exaggerated claims which is ethical not illegal

Overstating the benefits of a product is one of many examples of deceptive and misleading advertising under the Competition and Consumer Act (which falls under consumer laws).

wait how is 11 not b

The scenario mentions "effective input from its workforce", which implies that the business employs high-performing individuals. Further training would have been appropriate had the WHS issue been caused by the business's employees.

The scenario also mentions "a work environment that they now perceive as unsafe", indicating that the employer is responsible for the WHS issue, in which case there would be a need for the business to review and revamp its WHS policy and facilities respectively.

 

[its_ace21]

Overstating the benefits of a product is one of many examples of deceptive and misleading advertising under the Competition and Consumer Act (which falls under consumer laws).



The scenario mentions "effective input from its workforce", which implies that the business employs high-performing individuals. Further training would have been appropriate had the WHS issue been caused by the business's employees.

The scenario also mentions "a work environment that they now perceive as unsafe", indicating that the employer is responsible for the WHS issue, in which case there would be a need for the business to review and revamp its WHS policy and facilities respectively.

ohhhhhh omg ok tysmm

 

[scaryshark09]

Can someone please explain this? (2013 HSC)

 

[carrotsss]

View attachment 40646
Can someone please explain this?

I’d like to say C because just-in-time means you don’t spend any more money than you need to on stock within the current financial period, so you’re maximising those short term profits

 

[scaryshark09]

I’d like to say C because just-in-time means you don’t spend any more money than you need to on stock within the current financial period, so you’re maximising those short term profits

yeh i said C, but the answer is A

 

[Retrodawn]

View attachment 40646
Can someone please explain this?

If the business is experiencing increasing costs for its stock over time, the first stock they buy will be cheaper, relative to the stock they buy later.
This means that to maximise profit (revenue minus cost), they need to sell their oldest goods first (assuming all are sold for the same price).
Since they are selling their oldest goods first (to maximise profit), this means that it should adopt FIFO.
hopefully that makes sense lol

 

[scaryshark09]

If the business is experiencing increasing costs for its stock over time, the first stock they buy will be cheaper, relative to the stock they buy later.
This means that to maximise profit (revenue minus cost), they need to sell their oldest goods first (assuming all are sold for the same price).
Since they are selling their oldest goods first (to maximise profit), this means that it should adopt FIFO.
hopefully that makes sense lol

oh ok thanks
that would increase gross profit, but could you argue that would decrease net profit cause expenses may increase? Like FIFO is generally harder and more time-consuming than LIFO, and therefore would cost more?

 

[scaryshark09]

on a separate note,
does the stock a business buys but doesn't sell count as expenses or something else?

 

[s9a]

i get how thats the answer but c makes more sense

 

[scaryshark09]

i get how thats the answer but c makes more sense

ig the answer makes sense in terms of gorss profit (sales - COGS) cause the COGS would be lower for older stock, since the cost of purchasing stock is going up

 

[s9a]

ig the answer makes sense in terms of gorss profit (sales - COGS) cause the COGS would be lower for older stock, since the cost of purchasing stock is going up

yeah yeah but at a first glance in mc you would pick c and move on

 

[Retrodawn]

oh ok thanks
that would increase gross profit, but could you argue that would decrease net profit cause expenses may increase? Like FIFO is generally harder and more time-consuming than LIFO, and therefore would cost more?

I mean you could, but using only the given information in the scenario, the maximum profit is still obtained by using fifo, despite the external influences which we are unaware off. For example, the business could purchase excess stock at the beginning of the financial period if they expect costs to rise, and then sell off their stock from there.

 

[its_ace21]

bruh i forgot business existed

 

[eduiwqh23]

do we need to know the 11 minimum employment standards also?

Naur that's too much

 

[RR206]

How do u improve in multiple choice? i keep getting like 14/15

 

[carrotsss]

How do u improve in multiple choice? i keep getting like 14/15

try to get every question right, and no questions wrong. usually i get 20/20 in business multiple choice with this method