At the HWENTIA METROPOLITAN ASSEMBLY, a resolution was passed in line with the provisions of chapter 13 of the 1992 Constitution of Ghana. During the meeting to pass the resolution, the Lord Mayor, Hon. Alhaji Prekese reiterated that “no money shall be spent for any purpose without the prior approval of the local assembly.” In approving the budget for the year, the Assembly had authorized spending of GHS 1,300,000 for road maintenance. Later in the year, after the Assembly had spent virtually the entire budgeted amount, a major storm washed out portions of several roads leading to one of the Local Authority Schools- Offinso Kokoti Local Authority Middle School (OKLAMS). The school was inaccessible, and the Lord Mayor wanted to enter into an emergency contract to repair the roads. City engineers estimated that the cost of the repairs would be about GHS 350,000. If the assembly entered into such a contract, the total amount spent on road maintenance for the year would be greater than the amount authorized. Recognizing the need for prompt action, the mayor immediately entered into the contract without seeking prior approval. Required:
Comment on the legal, financial, and accounting implications of this scenario.​

Recently, verizon wireless ran a pricing trial in order to estimate the elasticity of demand for its services. the manager selected three states that were representative of its entire service area and increased prices by 5 percent to customers in those areas. one week later, the number of customers enrolled in verizon's cellular plans declined 4 percent in those states, while enrollments in states where prices were not increased remained flat. the manager used this information to estimate the own-price elasticity of demand and, based on her findings, immediately increased prices in all market areas by 5 percent in an attempt to boost the company's 2016 annual revenues. one year later, the manager was perplexed because verizon's 2016 annual revenues were 10 percent lower than those in 2015"the price increase apparently led to a reduction in the company's revenues. did the manager make an error? yes - the one-week measures show demand is inelastic, so a price increase will decrease revenues. yes - the one-week measures show demand is elastic, so a price increase will reduce revenues. yes - cell phone elasticity is likely much larger in the long-run than the short-run. no - the cell phone market must have changed between 2011 and 2012 for this price increase to lower revenues.

Do a swot analysis for the business idea you chose in question 2 above. describe at least 2 strengths, 2 weaknesses, 2 opportunities, and 2 threats for that company idea.

What business practice contributed most to andrew carnegie’s ability to form a monopoly?