Sisara Sarai Coba

Principle of Business
Academic Year 2019-2020
Cornerstone Presbyterian High School
Candidate Number
 Table of Content

Acknowledgment pg 1
Section 1: Description of Business pg 2
Types of Business
Nature of Business
Business Objectives
Mission Statement
Purpose of Finance pg 3
Interpretation of Organizational chart pg 4
Cost of producing goods pg 5
Capital goods pg 6
Collateral pg 7
Use of Technology pg 8
Ethical issues pg 9
 Acknowledgement

The researcher would want to extend a thankful gratitude to Mrs. Fernandez for assisting in the
correction of the school based assessment (SBA). As well an appreciation to my parents for
helping me in all what they could, to my classmates for also helping me and for their
contribution.
Section1: Description of Business
Types of Business: Manufacturing Business
Nature of Business: Fruity Cone
Objectives:
1. Have consumer try product
2. Make product that attract consumer
3. Make product satisfy for all consumers
Mission Statement:
Cornerstone Presbyterian High School aims to provide quality and affordable education to all
students, from the country of Belize. The focus is to nature a spiritual and well round individual
who will contribute positively to the society.
Section2: Purpose of Finance
Money is needed for:
1. The purchase of raw materials.
2. The payment of the labor work.
3. The payment of utilities.
Section3: Interpretation of Organizational chart
FRUITY CONE

Owner

Genral
Manager

Marketing Finance Production

Manager Manager Manager
The owner of the business is capable of giving capital in order for the business to keep running.
The general manager is in charge to manage the different departments in the business. Marketing
department is in charge of promoting the product through advertisement. The finance department
is in charge of the finance, whether the company is making a profit or a loss. The production
department deals with the making of the product. The subordinates of the manager are to
help/assist.
Section4: Cost of Producing Goods

Expenses/ Costs Overhead/Primer Description

labor Prime Workers work to create the
product
Electricity Overhead The power used for the
equipment of electricity
Water Overhead Water used to create product
Transportation Overhead Vehicles used to transport the
product
Section5: Capital Goods
Ingredients, labor and transportation are necessary in our business. Ingredients is needed to
basically prepare our product, Fruity Cones. Labor (work) is fully needed because product
cannot be prepared by its own it needs hands to be prepared. Transportation is needed in order
for our product to be distributed all around the area so we can gain a profit.
Section6: Collateral

As a business the owner may have a land, house or a vehicle in order to be able to make a loan.
For a bank not to be tricked the one who needs the loan may put his or her property/assets as a
collateral. The business on its self could apply this strategy for the ones who want goods but
don’t have the money immediately. Like everything theirs a negative and a positive effect. A
negative effect is that it will take some time for the money to come into the business. The
positive thing is that if costumer’s rejects to pay his/her bill, our business will not make a loss
because at the beginning costumers agreed by giving their assets in return of not paying.
Section7: Use of technology
Telephone and Computer are two main essential technology in our business. Telephone is useful
for receiving calls of our consumer’s if they need of our help or want to buy our product. The use
of computers in our business is necessary in order for the logo to be design.
Section8: Ethical issues
Occur when a given decision, scenario or activity creates a conflict with a society’s moral
principles. Both individuals and businesses can be involved in these conflicts, since any of their
activities might be put to question from an ethical standpoint. For example money laundering, is
when a business gets involved and found in serious problems. Effects are usually when your
entire assets and liquidity are confiscated or frozen by the law. Putting up back the reputation of
the company will be difficult because of the incident of fraud.