AFM 132 Final 2023 exam with complete solutions

Intrapreneurship process of promoting innovation within the structure of an existing organization How To Become Futureproof Hone irreplicable technical and soft skills Still expected to learn and understand routine tasks Use of professional judgement is still required Digital Literacy Ethical Behaviour Companies that extend their values and expectations (e.g. fair wages, quality working conditions) with those they're associated with (e.g. suppliers) Sustainability Companies that leave a positive impact on the environment to protect the world for future generations Chief Financial Officer (CFO) Responsible for: Financial reporting, control, compliance, PLUS operations, human resources, information technology (e.g. digitization, cybersecurity) More emphasis on how well you understand business History of Business in Canada Large land, low & spread out population, and settling near the border lead to tariffs with the US to protect Canadian businesses Set the tone for continuous involvement of the government Mixed Economy Some allocation of resources by market and some by various levels of government Crown Corporation Company owned/operated by the federal or provincial government (e.g. CBC) Privatization Reducing the role of government by the sale of a crown corporation (ex. Air Canada) Reduces government debt, brings in large amounts of money, and increases competition and innovation