Wednesday, 2 November 2011

Business Fundamentals Vocabulary Slideshow

If you don't treat your employees right as an employer then everyone is going to leave and your business is going to close.

A for profit business would be like a house cleaning service where the one person who is doing the cleaning of the house is making the profit. ex. Complete cleaning services

A not for profit business would be like the United Way of Calgary which does fundraisers to get money to help change social conditions and try to create better lives for people who don't have much.

A non-profit business would be like the Bill and Melinda Gates foundation which was made to enhance the healthcare and to reduce extreme poverty worldwide, and in America to expand educational opportunities and to access information technology.

For the 3rd slide you need to have someone who is good at watching the stock market or your stocks will crash and you will not have anyone to blame but yourself.

For the 4th slide, for a business to be successful you need to have more revenue then expenses and it's always better to have a profitable business then a non-profitable business that's causing you to lose money.

For the 5th slide the positive ethical, moral and legal considerations when it comes to using alternative ways of energy instead of oil good but it will cause alot of problems for those provinces like Alberta who depend heavily on their oil industry.

The negative ethical moral and legal considerations when it comes to using alternative ways of energy instead of oil is crazy because there would be alot of job cuts and those people won't be able to live up to the same standards of living as they had before. Alot of those people would also sue the province/country in the hopes they could get there jobs back.

For the 6th slide it shows Bernie Madoff being interrogated about how he came up with the ideas for his Ponzi scheme and his response is from the social security system.

A game that stimulates an economic system by trading in virtual goods is Tycoon Online.

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