In a Short Essay,list and Discuss Two Contingency Variables-Technology and the Environment-That

question 39

Essay

In a short essay,list and discuss two contingency variables-technology and the environment-that should be considered in determining an appropriate structure in organisational design.

Understand the components and importance of financial planning.

Recognize the steps in the financial planning process and their significance.

Identify and assess various types of financial risks and how they impact financial decisions.

Understand the role of savings and investment in achieving financial goals.

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Definitions:

Purchasing Power

The value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Transaction

An exchange between a business and one or more external parties to a business or a measurable internal event such as the use of assets in operations.

Exchange

A marketplace where securities, commodities, derivatives and other financial instruments are traded.

Unearned Revenue

Money received by a company for goods or services that have yet to be delivered or performed.