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HI5001 Tutorial - Topic 1 Questions
HI5001 Tutorial - Topic 1 Questions
FACULTY OF
HIGHER EDUCATION
Discussion Questions:
1. You have decided that now is the time to buy a new laptop. List the factors that are important
in choosing a new laptop and gather relevant information from various sources about different
models on the market. Given that you have a maximum of $1600 to spend, identify which
model you will buy and discuss the reasons for your choice. Present your answer so as to
illustrate the steps required in the decision-making process as discussed in this chapter.
3. Luci and Sherry have decided to lease some newly built premises for the purpose of opening a
seafood outlet. They intend to provide a wide range of different products, including a variety
of seafood for sale and take-away fish and chips.
Discuss the types of economic decisions that they will be required to make, and the
information that they will need to make those decisions. Distinguish non-economic and
economic information, identify non-economic decisions that they will also be required to
make. Discuss why Luci and Sherry may require the services of an accountant.