Accounting Is Fun

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Fazeel Tariq Baig
Student Id: FT 26487
Course: Accounting
Dated: 15/11/2012
Submitted to: Sir Asad

2. Classify the following list into primary, secondary, tertiary sector Business. 1. A Mining company: Is a Primary Sector Business.
2. An Advertising Agency: Is a Tertiary Sector Business.
3. A New paper publishing company: Is a Primary Sector Business. 4. A Caning Factory: Is a Primary Sector Business.
5. A News Paper Delivery: Is a Tertiary Sector Business. 6. An Oyster Gathering Business: Is a Primary Sector Business. 7. A Forestry Business: Is a Primary Sector Business.
8. A Furniture Manufacturer: Is a Secondary Sector Business. 9. A Business That Makes Fish Fingers: Is a Primary Sector Business. 10. A Second Hand Furniture Job: Is a Tertiary Sector Business. 11. An Insurance Business: Is a Tertiary Sector Business. 12. A Car Manufacture: Is a Secondary Sector Business.

13. A Web Page Design Business: Is a Secondary Sector Business. 14. A Car Insurer: Is a Secondary Sector Business:

1 Conflict of Interest:
Employees and Shareholder:
Employees want high salary while shareholder want high profit. Actually, Shareholder want to save money by giving less salary to employees which is contradictory or conflict to employees interest. Customer and shareholder:

Customer wants high quality product or service at the lowest possible price while shareholder want high profit. Customers want best value for the price, which in most cases conflict with the desire of shareholders. Folks who live close to industry and shareholder:

People who live close to industry want to have clean environment, creation of jobs, and most importantly want some improvement in infrastructure. All these expectation of folks living around industry are in conflict with the interest of shareholders.
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