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March 29, 2024, 10:26:16 pm

Author Topic: Finance Function  (Read 694 times)  Share 

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Zaljc

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Finance Function
« on: October 31, 2018, 11:47:11 am »
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Hello my fellow stressed pals,

I was reading the 2017 examiner’s report, and one of the high-scoring response said they reduce “economic footprint”. Can someone please elaborate on that term?

2017- Biology

2018- Chemistry, English, Methods, Physics & Business Managment

accountingpro

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Re: Finance Function
« Reply #1 on: October 31, 2018, 10:20:40 pm »
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Quote
Financial managers are able to budget for new and upcoming technology such as solar power
that will enable the business to reduce its energy usage. By enabling Shandra’s Dairy to have
the funds to purchase solar panels they’re able to decrease their economic footprint and make
use of natural forms of energy
This is the answer in question?

I think this is actually referring to the ecological footprint, economic footprint I believe would more relate to the effect the business has on the economy (e.g creating jobs.) whereas ecological footprint is the businesses effect on the environment in their business processes.