Economics-AW-Q204 Online Services


Question 1: Business strategy

Many organizations talk about having comprehensive vision and mission statements, and yet anecdotally many seem to do a poor job of communicating these directional statements to their stakeholders (i.e. employees, communities, etc.). To illustrate, can you state your own organization’s directional statements without looking them up? What can organizations do to ensure that their directional statements are not only communicated, but are also understood and embraced?
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Question 2: Business Law

In the course of replacing an empty bottle of drinking water with a full one, M saw a dead fly and part of another dead fly in the unopened replacement bottle. Obsessed with the event and its “revolting implications” for the health of his family, he developed a major depressive disorder, phobia and anxiety. He sued C, the supplier of the bottle of water, for psychiatric injury. The trial judge awarded him general and special damages, as well as damages for loss of business, but the Court of Appeal overturned the judgment on the basis that the injury was not reasonably foreseeable and hence did not give rise to a cause of action.
You are a Justice of the Supreme Court of Canada. Which of the above 2 decisions would you support and why?

Question 3: Economics

Utilize economic theory and explain why people might cheat. What circumstances lead to more and/or cheating in todays economy?
Product Code-Economics-AW-Q204
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