Business Management: F. Scott Fitzgerald

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F.

Scott Fitzgerald
1896~1940

Irish-American

American short story writer and novelist

He wrote many short stories and “The Great Gatsby” is considered the best novel that covers flapper or
jazz era. His stories “The Saturday Evening Post”, “Esquire”, and “Collier’s Weekly” were posted in
magazines which were the most popular magazines at that time.

Business Management
Definition of Business

Business means any activity that generates income. It is an economic activity of a company in
market conditions with the aim of generating income through the launch and sale of goods,
jobs, or services

Distinguish consumer goods, capital goods, consumer services. 


Provide examples for each and explain 
Consumer goods:

They are things made from capital goods and they are sold for publics.

Ex) Tissue, clothes, cars, and fans

Capital goods

They are like materials. They are needed for producing the products and services.

Ex) Tools, machines, and vehicles

Consumer services

Services served by workers to general public

Ex) Hotel, Travel guide, and health care

Q1

He wanted his job to be stable and it appeared to be profitable

Q3

He can’t afford for buying boats. So, he started rental business.

HW. Act 1.1.1 JUSTIFY WHY EACH TASK FALLS UNDER THE IDENTIFIED BUSINESS
FUNCTION
1. “Setting prices of new products” falls under the marketing function of a business as price
decisions are one of the tasks that this department handles. Setting the price can encourage
or discourage consumption and setting the price is based on understanding what the
consumer wants/ needs and can pay for. This information is often gleaned from marketing
research.
2. “Recruiting a new production manager” falls under the Human resource management as it is
part of it. It is up to this Department to hire and appoint a manager
3. “Allocating resources to purchase capital equipment” falls under the Finance and accounts
as they are the one which controls the flow of money in the company.
4. “Deciding on the appropriate levels of stocks for raw materials” falls under the operations
management. As it processes raw materials into products, it knows amount of raw materials
needed.
5. “Finding out if consumers prefer one product design to another” falls under the marketing
function of a business as marketing is also engaged in consumer interest.
6. “Determining the level and number of employees the business needs for future operations”
falls under the Human resource management function as it recruits and selects appropriate
employees for the company.

Exploit
1. We should exploit our own resources as the price of imports are increasing.
2. Many developing countries exploit children due to its cheap wage.
Account for
1. I can’t account for the accident I had yesterday.
2. Please account for your unusual activity.
particular
1. There are particular books needed for the school.
2. This particular breed of cow matures early.
Prominent
1. Hollywood is prominent place for actors.
2. Donald Trump is a prominent former president.
Replenish
1. I had to replenish my mind to work efficiently.
2. The waiter continued to replenish the glasses with water.
Indigenous
1. The indigenous religion of this country was Christianity.
2. It is necessary to protect indigenous right.
Pinpoint
1. I was able to pinpoint the exact location of my house on map.
2. She didn’t pinpoint anyone directly.
Annihilate
1. Adolf Hitler annihilated jewish people.
2. People in its fury tried to annihilate enemies.
Conversely
1. Conversely, when do you feel worst as a parent?
2. You can put meat first, or conversely, pour water before you put meat.
Investigate
1. Students in grade 6 come to their garden to investigate about nature.
2. Police investigates travelers in case of thief
Assure
1. He assured that he could provide the best service.
2. Money doesn’t assure you happiness.
Entire
1. Entire life of him was tough.
2. The entire book is wet with water.
Compensate for
1. The hotel compensates for uncomfortable services.
2. He compensates for the car accident.
Postulate
1. She postulated the inherent goodness of man.
2. His paper attempts to postulate on why it is.
Magnify
1. Glasses are used to magnify objects.
2. Microphone is to magnify small sounds.
Afford
1. I can afford for the payment.
2. She can’t afford for the tuition fee.
Conclusive
1. That evidence was conclusive.
2. He had conclusive proof.
Unsophisticated
1. The royal at the last night was unsophisticated.
2. That can’t be an excuse for being unsophisticated clothing.

Justified
1. That was already a justified theory
2. Violence is the thing that can’t be justified.
Deliberate
1. She speaks in deliberate way.
2. It was deliberate plan that makes a film sophisticated.
Depend on
1. It depends on her.
2. Quality of a product depends on the worker.
Substantiate
1. I have evidence to substantiate my innocence.
2. I would like you to substantiate that.
Successively
1. Accidents happened successively in this weekend.
2. He served successively as a manger in the company.
Pervasive
1. The pervasive effects of social media made students hazy.
2. The pervasive faith of the priest moved people’s heart.
Strenuous
1. I feel dizzy after strenuous exercise.
2. Strenuous study habit made my grade higher.
Sleek
1. The sleek white head of my grandfather.
2. The sleek lines with a sports car.
Invoke
1. This button will invoke emergency alarm.
2. The president invokes martial law against the rebellion.
Impressive
1. The movie I watched last week was quite impressive.
2. My school career was not very impressive.
Conjunction
1. I’m working in conjunction with my teammates on the project.
2. Conjunction is to connect clauses or sentence.
Astoundingly
1. The blood pressure was astoundingly high.
2. My nephew born last week is astoundingly cute.
aftermath
1. The Gunfire at random and its immediate aftermath.
2. People lost their hometown in the aftermath of the war.
promptly
1. I arrived at the party promptly at two o’clock.
2. I expect them to pay promptly for the work.
Subdue
1. Troops were called in to subdue the rebels.
2. I had to subdue my mind to focus.
extant
1. It was the biggest remains extant in the world.
2. It was extant bird that lived the Cretaceous
Secondary
1. It’s my secondary time playing golf.
2. Usually, children transfer secondary school at 11 or 12.
Eliminate
1. He was eliminated in a remote island.
2. The estate of his were eliminated.

Perfect
1. We had perfect time when we visited our grandparent’s house.
2. That was perfect movie.
genuine
1. Evidence he brought was genuine.
2. There are no genuine criminals.
Dominant
1. The dinosaurs were once dominant in the earth.
2. Only the dominant DNA survived in this planet.
Unrivaled
1. He stands unrivaled in that game.
2. She stands unrivaled in marketing.
Paradox
1. That story is full of paradox.
2. He was a paradox-a loner who loved to chat to strangers.
neglect
1. The mayor neglected every mail from public.
2. I neglect to do that.
recall
1. I recalled many times due to unstable signal.
2. We called the time that we played without worries.
ascend
1. After descent time of life, there will be ascending time in life.
2. I began to ascend the stairs slowly.
solid
1. I can’t sleep on solid grounds.
2. He’s a solid man who never falls back.
contour
1. The contour of that line is very irregular.
2. I can’t reminisce the contour of my grandmother.
Inhabit
1. A large number of monkeys inhabit in this forest.
2. Various kind of fish inhabit the sea.
Irrevocably
1. The wood irrevocably kept safe by people.
2. The gold won’t decay irrevocably.
Superficially
1. The thing I investigated only superficially.
2. Superficially, there nothing on surface.
Stunted
1. the children were stunted because of poverty
2. Though they were stunted, they never stopped.

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