CODE3

Question 1:

Seeking for information of a specific organization then answer following questions: (1) Give a brief introduction of the chosen organization.

(2) Explain the type of the chosen organization. What are the main activities of this organization (for example: manufacturing clothes, providing auditing services, providing loans, etc.)

(3) Outline different groups of stakeholders of this organization then classify these groups of stakeholders using Medelow matrix. Give an example of a stakeholder conflict between stakeholders of the organization.

(4) Is the organization's financial statements checked and confirmed by an external auditor? If yes, who is the external auditor?

(5) Describe several corporate social responsibility activities performed by the chosen organization.

Question 2:

Assume that the demand curve is a straight line. If the price per unit of a good rises from $3.80 to X1, it is expected that monthly demand will fall from X2 units to 300,000 units. Give your own appropriate X1 and X2. What is the point price elasticity of demand when the price is $3.80? What is the arc price elasticity of demand over these ranges of price and output? Is the demand for this good price sensitive?