University:
Swansea University
Course:
BUS101 | Introduction to Business Ethics and Values
Academic year:

2022
Views:

243

Pages:

1
Author:

Thomas G.

Lecture Notes Title: “Balancing Needs and Profits in Erogation and Production Companies" I. Introduction • An overview of the activities of a cultural association. • How membership fees support its operations. II. State's Role • Explanation of the state's role in collecting funds for various purposes. • Mention of sectors like internal order, defense, justice, education, and assistance. III. Erogation Companies • Definition of erogation companies focused on satisfying the needs of their subjects. IV. Processes in Erogation Companies a) Acquisition Process • Procurement of goods for meeting needs. • Sources of resources, including labor, assets, voluntary, or obligatory contributions. b) Erogation and Utilization Process • Distribution and consumption of acquired resources. • Direct satisfaction of needs. c) Savings Process • Purpose of preserving and investing a portion of acquired resources for future needs. V. Comparison of Erogation Companies • Discussion on how different entities (families, associations, state, local entities) handle savings. • Families focus on savings, while associations aim for a balance between income and expenses. • Public entities often run deficits, leading to the accumulation of public debt. VI. Production Companies • Introduction to production companies and their purpose in the market. VII. Operations in Production Companies a) Acquisition Process • Procurement of production factors (e.g., assets, raw materials, labor) for profit. b) Transformation Process • Combination and utilization of production factors. • Various forms of transformations and transfers in the production process. VIII. Differentiation of Production Companies • Explanation of the key difference: family prepares food for direct consumption, while food industries produce for profit. IX. Production Companies for Profit • Definition of production companies focused on market-based production and profit. X. Processes in Production Companies for Profit a) Acquisition Process • Purchase of production factors like assets, raw materials, and labor. b) Transformation Process • Utilization of factors to achieve: • Physical transformations, transfers over time, and spatial transfers of goods.