At SMK Bandar Puteri, the cafeteria manager and headmaster determine what food will be sold in...
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At SMK Bandar Puteri, the cafeteria manager and headmaster determine what food will be sold in the cafeteria. They select food they feel are healthy for the students. Their goal is to provide nutritional meals using government-subsidized products. To ensure that all students can afford lunch, they sell meals at very low prices. They don't pay attention to students' preferences. The manager and principal refuse to change the menu although students find the food unacceptable. Students are staging a silent protest by bringing lunches from home, filled with food of their choice. (a) Explain how running the cafeteria is similar to running a socialist (command) economy. (10 marks) (b) Rewrite the scenario above to show how the cafeteria might be run more like a private business in a market (capitalism) economy. (10 marks) At SMK Bandar Puteri, the cafeteria manager and headmaster determine what food will be sold in the cafeteria. They select food they feel are healthy for the students. Their goal is to provide nutritional meals using government-subsidized products. To ensure that all students can afford lunch, they sell meals at very low prices. They don't pay attention to students' preferences. The manager and principal refuse to change the menu although students find the food unacceptable. Students are staging a silent protest by bringing lunches from home, filled with food of their choice. (a) Explain how running the cafeteria is similar to running a socialist (command) economy. (10 marks) (b) Rewrite the scenario above to show how the cafeteria might be run more like a private business in a market (capitalism) economy. (10 marks)
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a Similarities to a Socialist Command Economy Centralized decisionmaking In both the cafeteria and a command economy a central authority the managerhe... View the full answer
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Modern Advanced Accounting In Canada
ISBN: 9781259066481
7th Edition
Authors: Hilton Murray, Herauf Darrell
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