A-AS Level (CIE) Business Studies Paper-2: Specimen Questions with Answers 20 - 21 of 52

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Case Study- 2

CAP Markets, a steadily growing chain of some 50 neighborhood supermarkets in Germany. Other examples are the St. Mary՚s Place Hotel in Edinburgh and the Hotel Tritone in Trieste. Social franchising also refers to a technique used by governments and aid donors to provide essential clinical health services in the developing world. Event franchising is the duplication of public events in other geographical areas, while retaining the original brand (logo) , mission, concept, and format of the event. As in classic franchising, event franchising is built on precisely copying successful events. Good example of event franchising is the World Economic Forum, or just Davos forum which has regional event franchisees in China, Latin America etc. Likewise, the alter-globalist World Social Forum has launched many national events. When the Music Stops is an example of an events franchise in the UK, in this case, running speed dating and singles events in short strong of time all these three companies have expanded their base and covered every corner of India. The biggest highlight of these companies is that despite being big players in the market they still provide small business franchise opportunities to the people. Apart from these three other entrepreneurs too offer attractive and alluring small business franchise opportunities.

Question 20 (3 of 6 Based on Passage)

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Describe in Detail

Essay▾

A business has lot of responsibility to the community around its location and to the society at large. What does these responsibilities include?

Explanation

A business has a lot of responsibility to the community around its location and to the society at large. These responsibilities include: environmental pollution and to preserve the ecologic environment.

  • Taking appropriate steps to prevent balance.
  • Rehabilitating the population displaced by the operation of the business, if any
  • Assisting in the overall development of the locality.
  • Taking steps to conserve scarce resources and developing alternatives, wherever possible
  • Improving the efficiency of the business operation.
  • Contributing to research and development.
  • Development of backward areas
  • Promotion of acclimatization and small-scale industries.

Question 21 (4 of 6 Based on Passage)

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Write in Short

Short Answer▾

Explain the term:

Social Audit

Explanation

Social audit is a way of measuring, understanding, sorting, and ultimately improving an organization՚s ethical performance. Social audit helps to narrow the gap between vision and reality, between efficiency and effectiveness, the values, and the voice of stakeholders, increased organized/poor groups whose voices are rarely heard. Social auditing is taken up for the purpose of enhancing social governance, particularly for strength, accountability, and transparency in local bodies.

Objectives of Social Audit Are

  • Assessing the financial gaps between needs and resources available for local development
  • Creating awareness among beneficiaries and providers of local social and productive services
  • Increasing efficiency and effectiveness of local development programmes
  • Scrutiny of various policies decision, keeping in view stakeholder interest and priorities, particularly of rural poor.

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