Essay about Easter School Questions

Submitted By jessicadewar
Words: 894
Pages: 4
Open Document
Year 12/13 BSO3
Task 1
Read and annotate the case study and answer the following questions – use and QUOTE the case study for evidence in your answers.
1. Identify the resources that Sheena will need to set up her business and run her business. Include
a. Financial: An airfield to use as her base, father buy shares, her inheritance, loan from the bank, money to maintain the helicopter, still has a job, an accountant for the business
b. Physical: The helicopter
c. Human: Skilled people for mechanical work, someone to fly the helicopter, someone to manage business while she’s in the air
d. Time: To promote the business
e. Systems and IT: Someone to create the website

2. What risks might Sheena be taking in minimising the use of resources?: Her business won’t be as appealing or she might not be able to maintain her helicopter
3. What is the capacity of her business per flight?: Seven passengers
4. What skills and experience does Sheena have that could make her a successful entrepreneur?: Commercial Pilot Licence and skilled in IT
5. What skills and experience does Sheena lack that could threaten her business start-up?: No entrepreneurial experience
6. What are the positive and negative implications for Sheena and her business of her Father offering 25% of the start-up capital?: She’ll be able to raise 25% of the capital she needs to run the business. She’ll be in her father’s debt
7. What are the positive and negative implications for Sheena and her business of her Father being a shareholder in Sheena’s business?: He’ll try get involved but she wants to be independent. He will be able to give her lots of advice and support including contacts with important people who could help her with business
8. What problems might Sheena face in the planning of her finances given that costs and prices in the market change?
a. Break-even: The selling prices for the experience change depending on the length of the flight or who the flight is being sold to. Variable costs such as fuel increase and decrease regularly, also fixed costs such as insurance can rise at any time. Showing that calculating her break-even will be tricky as costs to calculate break-even aren’t set and can change at any point, not giving her an accurate figure of break-even
b. Cash flow: She won’t be able to accurately calculate the cash going out of the business as costs rise and fall unexpectantly
c. Budgeting: Her budgets set for the business won’t be accurate as she will have to ensure that she has some extra budget left over as her costs could increase
9. How might the demand rising sharply in the summer affect Sheena’s business?: It will mean that her business will have high demand in the summer months which will mean she needs to ensure that s
10. What objectives might Sheena have in setting up her business: To make sure she sets up quickly to ensure she catches the end of the summer season
11. Should Sheena aim to make the largest possible profit in her first year? Identify arguments for and against USING the case study
(This means maximum revenue (how) and lowest costs (how)
For profit maximising
Against profit maximising

12. From the point of view of Roshan, Sheena’s Father, analyse whether it really is a good idea to invest in Sheena’s business
13. In the context of Sheena’s new business, identify and explain reasons why she should and should not select
Show More

Related Documents: Essay about Easter School Questions

The Adoration Of Jenna Fox: Chapter Analysis

Jenna. Why should we start uploading curriculum to children's brains instead of going to school? Uploading curriculum/information to children's brain is a positive thing because it would be saving the government money, creating smarter generations, and it would be giving kids more time to be kids. As for, the kids not having to go to school, the country would be saving loads of money. The book says “School, It is nothing more than an abandoned real estate building office.” (65). It also says “I…

Words 712 - Pages 3

The Lottery Tradition Essay

One example of a tradition that we follow that we do not question is the Easter Bunny. Although Easter is supposed to be a Christian celebration, Americans follow a custom of a life-sized bunny bringing them hard-boiled eggs and candy on this day. There is no connection between the religious celebration and this odd, egg-laying bunny…

Words 630 - Pages 3

Essay On Deaf Culture

in society and have situated locations for their well-being. Holcomb writes, “ Deaf communities are concentrated in locations where there is support for quality lives for Deaf people. The kind of support many Deaf people find appealing may include schools for the deaf, Deaf clubs, service agencies, and employment options...This function of the Deaf community remains as strong today as it did generations ago, and continues to serve as a powerful magnet for deaf people seeking better lives for themselves”…

Words 1244 - Pages 5

Holidays, And Family Traditions In Utah

and Easter. The LDS faith in Utah has a special state…

Words 5700 - Pages 23

Research Paper On Tamales

Meaning that not only does something have to be used at an appropriate pace and not affect the environment in a negative way, it also has to be fair to the people (Easter Island (2013)). The last principle is that people must receive social incentives to be encouraged to be sustainable. I believe that tamales pass this principle. All the ingredients needed for the tamales are grown in the United States. This leads…

Words 1349 - Pages 6

conformity kills Essay

and go door to door asking for candy. Where do our traditions come from, and why do we follow them without question? Christmas, the day that is supposed to be a celebration of Jesus Christ’s birth, we cut down a tree to put in our house, decorate it, and give each other gifts. We tell our children to believe in imaginary characters, such as Santa Claus, the Easter Bunny and Tooth Fairy. On Easter, when Jesus has risen from the dead, we color eggs, and hide baskets full of candy. While there may be a…

Words 1077 - Pages 5

Thorntons Case Study.Doc Essay

upon cream butter and eggs, gave the business an outstanding product. The self-manufacture of Easter eggs, decorated in the shop to include names and messages, added to the range of freshly made and fresh-tasting confectionery. In 1953 Stanley and Norman Thornton visited Switzerland to find out how Thorntons could make what was regarded as the very best of chocolates. The visit included the Basle School for Swiss Chocolatiers and the recruitment of an outstanding student, Walter Willen, who created…

Words 5955 - Pages 24

Filled Marlie Research Paper

been best friends since the fifth grade. They are so similar to one another; sometimes it is scary how much alike they are! They always joke that they are somehow related. Marlie also has many other great friends that she has made throughout high school from being in marching band, concert band, etc. These friends are some of the funniest, kind-hearted, and accepting people she has ever met. She is so lucky to have so many wonderful people in her life, no matter where they come…

Words 1462 - Pages 6

Essay on summaries warriors dont cry

class. By the time Melba had reached Study Hall, a horrendous, troubling headache began to try to take control of Melba. Soon Melba was being asked all kinds of questions, like: How were you treated? Did anybody hit you? Did anybody call you names? On Thursday, September 26, 1957, we find out something about Melba’s protection in school. Melba quickly finds out and realizes that she has been assigned a bodyguard. The chapter ends with Melba taking note in her diary that today she was assigned…

Words 2456 - Pages 10

Essay on Josh Warren Empire So Nearly

'It was the Second World War that upset the teetering edifice of Empire'. How accurate is this statement regarding the fall of the British empire in the twentieth century? The British Empire has been placed in history as one of the most powerful Empires known to man. It reached its peak, geographically, in 1922 where it was said to have covered over one third of the Earth’s surface. Throughout the 20th Century the British Empire faced many challenges, not least of which was its involvement in both…

Words 4284 - Pages 18