Texas School Of Business

IB Business and Management SL and HL definitions 2023 above-the-line promotion - Answer-a form of promotion that is undertaken by a business by paying for communication with consumers, e.g. advertising acid test ratio - Answer-liquid assets - current liabilities accountability - Answer-the obligation of an individual to account for his or her activities and to disclose results in a transparent way adverse variance - Answer-exists when the difference between the budgeted and actual fi...

Distinguish between the shareholder concept and the stakeholder concept. - ANS-a) Shareholder Concept: An individual (also known as stockholder) that legally owns a share/stock in a public corporation. They are also owners of a limited company. They buy shares which represent part of a company. b) Stakeholder Concept The view that businesses and their managers have responsibilities to a wide range of groups, not just shareholders. Explain why a business might experience lower profits...

The management of HOUND AEROSPACE LIMITED, a privately held corporation, was analyzing the company's first-ever negative financial performance. In its recently concluded accounting year ending as on 31st March, 2021, the company has incurred a loss of Rs. 37.13 lakh and was thus forced to borrow Rs. 100 lakh from the banks, resulting in high interest cost. Exhibits I and II contain the current balance sheet and the profit and loss account of the company. The management is concerned that i...

Well written summary on consumer behavior.