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Outline the reasons why a business may change its organisational structure from a ‘Sole Trader’ to a ‘Private Limited Company’
(2010)
(i) Explain what is meant by the term ‘Open Economy’. (ii) Illustrate your understanding of the terms, ‘Balance of Trade’ and ‘Balance of Payments’.
Analyse how the changing trends in the international economy have impacted on Irish businesses.
Discuss the importance for Ireland of any two of the following EU policies: (i) Competition Policy; (ii) Common Fisheries Policy (CFP); (iii) Common Agricultural Policy (CAP).
(i) Explain what is meant the term performance appraisal. (ii) Outline the benefits of performance appraisal for a business.
