Holy Cross College of Carigara

Rebolledo St. Ponong Carigara, Leyte

6529 Philippines

Applied Economics

Submitted by:
Hegel Merimee Ligutan Alvarado
Marian Rose Penetrado Hernandez
Mildred Cardines
XII – General Academic Strand

Submitted to:
Mrs. Donna Obeña
Instructor

NOVEMBER 2019
 HOLY CROSS COLLEGE OF CARIGARA
1. Business Size Issues
2. Issues Related to Mission
and Objectives
3. Procedures for
Incorporation
4. Personnel Issues
5.Control Issues
6. Funding Sources Issues
7. Legal and Taxation Issues
PROS
They hire more employees to
the business it will have a great budget for the employee’s
manpower and will be able to
have a best service the
consumers can get.
They need to create mission
and objectives for them to
have a specific goals on what
they are aiming to achieve to
their business.
Once they passed the pre
requisite papers for upgrading
to a corporation they can now
improve their services to the
public.
They can have employees with
great experience, a college
graduate and can be relevant to
the corporation and can bring
growth to the corporation.
The decision will be noted
equally with the owners and
can be good as they want the
best for the company.
They can have greater and
easier access to funds,
especially larger loans from
banks.
The corporate tax rate doesn't
go as high as the individual
rate.
CONS
They need to have a bigger
wage.
They are not sure if the
mission and objectives they
created represent their business
well.
Getting the requirements for
upgrading to a corporation it
needs time, effort and patience
and it can be very tiring.
They might find it difficult to
hire such efficient, loyal and
productive employees when
starting a corporation.
The owners will have to deal
with each other to make
decision because they have
different perceptions and
insights on what is the best for
the corporation.
They don’t know if the
company’s debt will be paid
because there is possibilities
that the company can’t secure
it future.
Shareholders cannot deduct the
losses of the corporation.
 HOLY CROSS COLLEGE OF CARIGARA

Recommendations:
1. Don’t be afraid to take RISKS.
2. Be persuasive to make them agree to what you wanted to do in your business.
3. Have a meeting first to your Board of Members and discus it with them to gain opinions
and feedbacks on what will be the great decision.
4. The Abakada Company must have Plans because if the Plan A will fail at least they have
Plan B, C and D.
5. As a growth minded entrepreneur Abakada Company should not settle for doing things as
they’ve always done instead they could constantly strive to improve their impact and
effectiveness as a business.
6. They should give people what they want and know the trends to
7. Have in faith in your employee, in yourself and especially to God.