ECONOMICS
_____ refers to the limited availability of resources (such as time, money, or natural resources) relative to unlimited wants and needs.
Scarcity
Identify the accounting concepts.
"Separate the affairs of the owner from the business."
Accounting Entity
What does CRT stand for?
(type of screen)
Cathode Ray Tube
Online Resources:
What are the three types (key feature) of a network topology?
*Star *Ring & *Bus
Who's the CEO for the Ministry of Finance?
Kilisitina Tuaimeiapi
Patron is ?????
A patron is someone who supports an artist, business, or cause financially. For example, a museum patron may fund art exhibitions.
What is bookkeeping?
Provide information that are useful for decision making.
Find the value for X where A(0) AND (1)B = X?
X = 0
In Economics 'A need refers to _____ ?'
...something essential for survival or well-being, such as food, water, shelter, or healthcare.
Who's the CEO for the Ministry of Revenue & Custom?
Michael Cokasiniga
....... involves selecting among available alternatives. Individuals, businesses, and governments make choices based on their preferences, constraints, and objectives.
CHOICE
Classify users of accounting into Internal User.
Internal
Outline the major functions of a power supply.
The power supply unit converts electrical power from the power outlet to the type of power needed by the computer.
Identify the accounting concepts:
"All transactions are recorded in their money value."
Monetary
Which MINISTRY that plays a crucial role in fostering economic growth in Tonga.
Ministry of Trade and Economic Development (MTED)
Specialization occurs when....
.... individuals, firms, or countries focus on producing specific goods or services in which they have a comparative advantage. It leads to increased efficiency and productivity.
Name another term for the following.
a. stock –
b. Debtor –
c. Creditors –
a. stock – inventory
b. Debtor – Account Receivable
c. Creditors – Account Payable
Outline key security measures to protect ICT users and their environment.
Proper access control such as using biometrics or using strong access passwords. OR update anti-virus regularly to protect the system from any new viruses being made. etc
Identify the accounting concepts:
"Transactions are recorded at the cost that was purchased for."
Historical Cost
Who is responsible for administering exchange control in Tonga. (Foreign exchange etc)
National Reserve Bank of Tonga (NRBT)
Meaning for "Factor of Production"
List the function of accounting?
Explain the software choice of BEULAH COLLEGE between open source or proprietary software.
Depending on the need of the organization, if they lack funding then its best to use open sources but may have difficulties with installation but if the organization has funding, then better to use proprietary because it has features that are familiar with the users and the user support is always available.
Outline the major concerns faced by PICs in trying to implement IS application.
outline any of these *lack of proper ICT resources and infrastructure *IS are very expensive to use and to support *lack of local ICT experts *lack of financial support
Tonga’s economy relies on several sources of income, and while it’s not a large economy, it plays a vital role in the Pacific region. What are the key income sources for Tonga:
1. Remittances (ta pa'anga mei muli)
2. Agriculture
3. Tourism
Other Sectors