Economics Answers

Describe a process by which you would develop modifications to procedures to facilitate internal controls.

The Business provide bonuses based on increases in share value, measured at the end of each financial year. Bonuses are to be paid in shares which can be held by the managers or sold on the market.

What are the implications of introducing such a bonus system?

Describe the role that performance indicators could have achieving organisational success and compliance with organisational internal controls.

What role does the ASX play in assisting corporate governance in Australia?

What advice on corporate governance requirements could be sought from published sources or the practices of others?

c. Consider the market for brown rice and assume that this market is initially in equilibrium. Suppose that there is an increase in income and that brown rice is an inferior good. At the same time there is a decrease in the number of farmers producing brown rice. What happens in the market for brown rice given that the effect of the increase in income is stronger?

b. Imagine that the demand for Bangladesh’s Cricket Team’s Jersey has increased due to an upcoming Cricket match. At the same time, there is a workers’ strike going on at the Chittagong seaport and Jersey manufacturers have very little supply of the raw material needed to make these Jersey. Draw a demand-supply diagram to show what happens in the market for Bangladeshi Jerseys. Assume they are initially at equilibrium.

Trade between two countries...

1.causes one country to gain and the other country to lose
2.has advantages for both parties
3.has, at best, no impact on the everyday lives of ordinary citizens
4.can benefit one country but not both

what is real gdp

Differences between cash, revenue and expenditure. Provide an example of each category and which budget/s it is relevant to preparing.