Step 2: Interpreting and analysing Omari is saving for a deposit on a house. a. Explain what kind of financial goal this is. Do you think that this is a sensible goal? Explain and justify your answer. b. Omari’s employer wants to enter a new market, repairing solar panels. Why might the business have decided to do this? What influences will the business need to consider before taking the opportunity to enter the new market? c. Outline the two financial reports that Omari’s employer might use when planning his new business opportunity. Step 3: Evaluating, concluding and decision-making Omari’s employer would like him to be a partner in the business. a. Explain what is meant by a partnership. b. What other forms of business ownership exist? c. Outline the advantages and disadvantages to Omari going into partnership with his employer. Step 4: Communicating Present your findings to your class. Advise Omari on what he should do: should he enter the partnership with his employer? Will he still be able to save for a deposit on his house? Is being an electrician a stable profession?
TOPIC22 Financial goals and decision-making 655
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