confusing terminology

[chubz90]

...well didnt know what else to title the thread 

Im wondering if there is any specific terminology to busman or if its more sort of fluid. I don’t mean like actual definitions but rather certain titles or wordings. for instance....

For the criteria for [contributions of LSO] each of these different references has different titled dot points with slightly different emphasis.

-one reference had ~    Provide employment, Develop Australia’s Industrial base, stimulate infrastructure growth, Earn export income

-another had~ GDP, Employment, Balance of payment (BoP), Research and development (R&D)

-and yet another had~ Provision of employment, High levels of production, A sound industrial base, Product innovation and R&D, Export earnings


Do you sort of get what i mean? I just want to get the wording right. Hell i even managed to confuse my teacher on one or two of them. I just need to know, is there anyway of knowing which is better of more right or more suited to VCAA. Its only because those that mark the exams are usually very anal.

[costargh]

None are wrong, or less wrong for that matter. The wording is not important. The ideas that you are conveying and the explanation (in this instance about contributions of LSO's) is more important than just stating the sub-title that the text book offered.

Explaining what 'providing employment', 'employment', 'provision of employment' actually means is what is important, not just the stating of the contribution.

Don't confuse yourself too much by referring to too many sources. I'd only refer to a 2nd or 3rd reference if the area of the course you were looking at seemed ambiguous or vague. In this instance, about contributions of LSO's the economy, it wouldn't be worth referring to more than one text.

There may though be instances where correct terminology may have to be used. Like Planning, Organising, Leading, Controlling etc but that should be pretty obvious to you.

In short, you should be able to identify which areas of the course can allow for fluid explanations using loose terminology and which areas of the course are specifically structured around naming and using correct terminology. Eg. A Motivational theory

[elaine]

None are wrong, or less wrong for that matter. The wording is not important. The ideas that you are conveying and the explanation (in this instance about contributions of LSO's) is more important than just stating the sub-title that the text book offered.

Explaining what 'providing employment', 'employment', 'provision of employment' actually means is what is important, not just the stating of the contribution.

Don't confuse yourself too much by referring to too many sources. I'd only refer to a 2nd or 3rd reference if the area of the course you were looking at seemed ambiguous or vague. In this instance, about contributions of LSO's the economy, it wouldn't be worth referring to more than one text.

There may though be instances where correct terminology may have to be used. Like Planning, Organising, Leading, Controlling etc but that should be pretty obvious to you.

In short, you should be able to identify which areas of the course can allow for fluid explanations using loose terminology and which areas of the course are specifically structured around naming and using correct terminology. Eg. A Motivational theory

i def agree, great advice (:

in the end, just remember the one that is easiest to remember, as long as you can get the correct meaning across.

and don't spend too much time stressing about memorising them, try to truly understand them, so that when it comes to the exam, you have it all in your long term memory, not just in the short term (this part of the brain is particularly prone to freezes during stressful periods).

but like costa said, sometimes the specific terms are required, such as POLC.

[chubz90]

None are wrong, or less wrong for that matter. The wording is not important. The ideas that you are conveying and the explanation (in this instance about contributions of LSO's) is more important than just stating the sub-title that the text book offered.

Explaining what 'providing employment', 'employment', 'provision of employment' actually means is what is important, not just the stating of the contribution.

Don't confuse yourself too much by referring to too many sources. I'd only refer to a 2nd or 3rd reference if the area of the course you were looking at seemed ambiguous or vague. In this instance, about contributions of LSO's the economy, it wouldn't be worth referring to more than one text.

There may though be instances where correct terminology may have to be used. Like Planning, Organising, Leading, Controlling etc but that should be pretty obvious to you.

In short, you should be able to identify which areas of the course can allow for fluid explanations using loose terminology and which areas of the course are specifically structured around naming and using correct terminology. Eg. A Motivational theory

Yeah i understand the concept above all although its just that there are some points emphasized on more than others which usually get me confused. Its just im confused what the main points or things in business that are standard and cant be changed. As in the things that i must memorise. I guess the only main points are those, mentioned in the study design? Ill try to be a little more relaxed about having the 'exact' wording- i guess i tend to treat business as more of a science.

on another note-i wish odette was still here

[elaine]

Yeah i understand the concept above all although its just that there are some points emphasized on more than others which usually get me confused. Its just im confused what the main points or things in business that are standard and cant be changed. As in the things that i must memorise. I guess the only main points are those, mentioned in the study design? Ill try to be a little more relaxed about having the 'exact' wording- i guess i tend to treat business as more of a science.

on another note-i wish odette was still here

ok, let me know which specific areas that you are confused with and i will try my best to help.
also, what do you mean by 'some points are emphasised more on than others"? can you give me an example of what you mean so i can help you more?

[chubz90]

Yeah i understand the concept above all although its just that there are some points emphasized on more than others which usually get me confused. Its just im confused what the main points or things in business that are standard and cant be changed. As in the things that i must memorise. I guess the only main points are those, mentioned in the study design? Ill try to be a little more relaxed about having the 'exact' wording- i guess i tend to treat business as more of a science.

on another note-i wish odette was still here

ok, let me know which specific areas that you are confused with and i will try my best to help.
also, what do you mean by 'some points are emphasised more on than others"? can you give me an example of what you mean so i can help you more?

umm i don’t know if there is a specific area that is constantly confusing me- I have a sort of general confusion . For instance under the dot point of  'the economic contribution of large scale organisations', in one reference they mention heavily about GDP (gross domestic product) which i have never heard about prior and something coined Bop (balance of payments). Now is this real terminology or just made up? Because my main text book does not have them at all. Or for instance my main textbook will put emphasis and even dedicate a dot point about ‘generating infrastructure growth’ where as my 2nd reference, A+ pub (a book  summarising the course) will make very little reference to this. 

But I think I have got it about right after a bit of re-reading. This is what I have put in my notes for that particular point, tell me if you think it is enough
<thanks in advance >
------------

• Contribution of large-scale organisations to the economy;
Large scale organisations have a large contribution and impact to the economy. Some of these contributions include;
-Providing employment: LSO’s require sizable workforces to remain operational hence they provide great employment and also indirectly through things like purchasing materials to keep the organization running.
-Research and development (R&D):  Often undertaken by LSO’s as they can afford in undertaking the expensive research and development. Together government and industry groups promote the goal of achieving ‘best international practise’. What large organisations do will largely impact on society.
-Earn export income: The exporting of goods is generally done by LSO. Exporting generates income from other sources into Australia, something the government is very keen on.
-Stimulate infrastructure growth: Given that LSO’s require facilities such as transport, communication systems, electricity, gas, etc- greater more capable infrastructure would need to be developed. This inturn would be usually supported by the government as it would mean that greater jobs would be created and a greater generation of profit for the overall economy.

[jsimmo]

Although both the text book answers may be right you just have to have a good judgement about which one provides the BEST response. For example, with the contribution to the economy dot point I found my text book (VCTA) provided better information than the A+ notes book.

Sorry for the lack of advice [elaine will hopefully expand some more]

Here is what I put in my notes for the ecnomic contributions [it's information from 3 different text books]:

• contribution of large-scale organisations to the economy;
LSOs are important because of the contributions they make to our economy. The various contributions listed below help us to maintain the standard of living to which we are accustomed.

Provide employment: LSOs employ many people directly through the provision of goods and services. However, LSOs also employ people indirectly through the goods and services they require operation. When people are employed they demand goods and services to be produced, hence the whole economy keeps ticking over.

Earn export income: Exports bring money into the country, as opposed to imports, which result in money moving offshore. Exports are good for the economy and the balance of payments (how much Australia as a whole spent on imports in a given time period compared with the amount that we earned for our exports).

Stimulate infrastructure growth: In order to operate efficiently and effectively, LSOs require infrastructure such as transport systems, communications, electricity, gas, and water. Because of the important of LSOs and their requirements, governments plan the development of facilities or infrastructure in these areas. In other words, without LSOs, Australia’s infrastructure would not be as advanced or sophisticated as it was now.

Develop Australia’s industrial base: Many LSO use state-of-the-art technology and spend significant amounts of money on developing new and innovative was of doing things. LSOs can also aim to achieve world’s best practice in everything they do.

Criticisms of LSOs: There are criticisms of large-scale organisations in Australia; and most have an ethical consideration. Some of these are:

- Outsourcing to overseas countries: Many LSOs have outsourced parts of their operations to other countries. The concern is that jobs are lost in Australia. Two examples that relate to India are car companies outsourcing their accounting functions and retailers outsourcing their call centre functions

- Large payments to senior executives: In recent years many senior executive were dismissed from LSOs, yet they left with millions of dollars as part of their contracts. The payments caused great stress to many of the employees and shareholders.

- Importing machinery and raw materials: Some criticism has been directed at managers who select overseas resources rather than Australian-made goods.

[elaine]

chubz- You don't have to remember all the reasons how LSOs contribute to the economy- just remember 3 of the easiest ones. I didn't bother witht the BoP and GDP because I didn't know what they meant. I just rememembered the easiest, common sense ones- like employment, export income and infrastructure growth. They will not ask you "what is the Bop", questions will be more like: "Provide 2 benefits LSOs provide to the economy".

with your answers, try to use the business jargon- for example

-Providing employment: LSO’s require sizable workforces to remain operational hence they provide great employment and also indirectly through things like purchasing materials to keep the organization running

Instead of saying "indirectly through things like purchasing materials to keep the organization running",
You could say LSOs may also source materials from local suppliers for the organisation's operations, hence increasing employment rates.

I think jsimmo's wording and notes are an excellent guide to go by

hope that helps

[chubz90]

Although both the text book answers may be right you just have to have a good judgement about which one provides the BEST response. For example, with the contribution to the economy dot point I found my text book (VCTA) provided better information than the A+ notes book.

I guess your right about that- it does sort of come down to ones judgment as to what to include or what is not really needed.  Also your points sound really good and bit more clearly explained than mine. But i guess when i write notes i use them as more of a trigger rather than a source of info. But yeah.. thanks i can see a sort of common ground amongst them.

chubz- You don't have to remember all the reasons how LSOs contribute to the economy- just remember 3 of the easiest ones. I didn't bother witht the BoP and GDP because I didn't know what they meant. I just rememembered the easiest, common sense ones- like employment, export income and infrastructure growth. They will not ask you "what is the Bop", questions will be more like: "Provide 2 benefits LSOs provide to the economy".

yeah i guess your right- im just looking a little to in-depth. I mean when i did sacs in class they where all sort of asking about an idea or concept rather than specific points. Although your right about the jargon, which i usually tend to use.


* Its just so hard to ask these Q's in class as my class is like a zoo. There is not one lesson where someone does not try to crack a joke and actually put there head down and study. I mean my whole school is full of the most immature VCE students in the history of schooling 

Enough about my rant about school, thanks a lot guys for your help- it cleared a lot up.