PASCAL Platinum 7th Edition

More documents

Recommendations

Info

FrenchDécris ton collège« Pascal English School » est une école mixte pour les élèves de douze à dix-huit ans à Limassol. Il ya environ 200 élèves. Nous portons un uniforme scolaire : pour les filles, c’est un t-shirt et une jupe.Pour les garçons, c’est un t-shirt et un pantalon. À l’école, il y a une bibliothèque, un laboratoire dessciences, une salle de technologie et une cantine.Georgia Voniati, 3AUne journée typiqueLe matin, je me lève à sept heures moins le quart. Je prends mon petit déjeuner à sept heures. J’arriveau collège à sept heures et demie. Les cours commencent à huit heures moins vingt. À midi, jemange à la cantine. Puis, je rentre à la maison à deux heures. Je fais mes devoirs à quatre heuresmoins le quart. Quelquefois, je joue sur l’ordinateur. Le soir, je mange avec ma famille. Puis, jeregarde la télé ou j’écoute de la musique. Je me couche à onze heures du soir.Georgette Panagiotou, 2BPrésente-toi!Salut! Je suis ta correspondante et je m’appelle Francesca Frangou. J’ai douze ans. J’habite àLimassol et je suis chypriote. Je parle français, anglais et grec. J’ai une sœur et un frère. Ma sœurs’appelle Raphaella et mon frère s’appelle André. Et toi, as-tu des frères et sœurs? Moi, je suis trèssportive et j’adore la musique. Mon amie, Michelle est aussi très sportive. Elle écoute de la musique.Elle a douze ans et elle habite à Limassol.Réponds viteFrancesca!Francesca Fragkou, 1BMa maisonJ’habite à Limassol. Dans ma maison, il y a sept pièces : unsalon, une cuisine, une salle à manger, une salle de bains ettrois chambres : la chambre de mes parents, la chambre demon frère et ma chambre. Dans la cuisine, il y a une table etsix chaises. Dans le salon, il y a une télévision et deuxcanapés. Dans ma chambre, il y a un ordinateur, un lit, untéléphone et une télévision. J’adore ma maison.Marios Nikolletos, 1APASCAL Platinum 7th Edition 28
Economics & AccountingAssess the Case For Privatisation: Privatisation involves thetransferring of public sector organisations and companiesownership to the private sector.Privatisation can take the following forms: To sell offnationalised industries to the private sector. To sell land andproperty. Contracting out some products and services to theprivate sector (the main core of the operations remains with thestate)Privatisation takes place for the following reasons: Togenerate revenue for the government. this revenue can be usedto cover a deficit in the government budget, to repay part of the national dept, and to finance othermore important state expenditure. The nationalised industries were inefficient because they did not haveincentives to make a profit and very often made losses. The lack of competition made state companiesallocative and productive inefficient, as well as bureaucratic.The following arguments support privatisation:Cost: Industries which belong to the government are likely to be X-Inefficiency because they have noincentives to become more efficient (MC = AC) and productive. If they make a loss the government willcover it. State companies are not innovative and do not try to be dynamic efficient and produce whatthe consumers want. On the other hand if the company was in the hands of private individuals then thecompany will become a locative and productive efficient,Choice and Quality: Public sector companies have little incentives to produce what consumers want(productive efficiency MC = AR). They are bureaucratic and slow in decision making. In contrast privatesector has incentives to produce a wide range of products at an excellent quality. The competition isfierce which means companies which are not productive and allocative efficient will fail.Innovation: Private sector companies are more able to be more innovative than public sectorcompanies because they need to persuade consumers to buy more of their products. This is calleddynamic efficiency.The invisible hand of the market system: This theory suggest that market forces because of thecompetition and other reasons are more able to produce what consumers want at the right price at theright quantity. Only the operation of free market forces will ensure the optimal allocation of recourses inthe long run. The invisible hand to will “fix the market” in the long run.Arguments against privatisation: Some private companies are legal (more than 25% of the marketshare) or dominant (above 60%) or natural monopolies (100%) and therefore they can easily exercisemonopoly power against the consumer. If they don’t face any competition consumers will be abused andexploited.Externalities: Most private companies aim to maximise their profit (MC = MR) and do not care thatmuch for the external cost they cause e.g. Destruction of the environment, noise and air pollution,deforestation.The issue of privatisation is very complicated. Consumers can benefit through a wider range of productsat lower prices but on the other hand workers may lose their job at the privatisation because companieswant to reduce their cost. In addition consumers can be abused if competition is low and the there ishigh market concentration ratios.In the past, some privatisations were very successful from the consumer’s point of view, but in somecases the consumer and the society in general have paid a higher price.Rafail Efstathiou, 6APASCAL Platinum 7th Edition 29
Page 1 and 2: PASCAL Platinum7th Edition
Page 4 and 5: Message: Senior MistressMs Despina
Page 6: Clubs 2011/12Tennis ClubPhotography
Page 10 and 11: PASCAL English School - Form 2ABack
Page 13 and 14: PASCAL English School - Form 5ABack
Page 15 and 16: EnglishSherlock Holmes and The Myst
Page 17 and 18: DramaTask: Write a sketch using the
Page 19 and 20: Greek6 ος Ετήσιος Διαγ
Page 21 and 22: HistoryEdward The ConfessorEdward w
Page 23 and 24: MathematicsPANCYPRIAN MATHEMATICS C
Page 25 and 26: ChemistryAlternative FuelsThe use o
Page 27: Religious Education & KnowledgeThe
Page 31 and 32: ICTEvolution of the MouseMouse, is
Page 33 and 34: MusicSonata Form— A Basic Overvie
Page 35 and 36: Physical EducationBiathlonBiathlon
Page 37 and 38: PASCAL English School - GraduatesAb
Page 39 and 40: Mr NeophytosMatsasMs MariaEhrhartsm

PASCAL Platinum 7th Edition

Create successful ePaper yourself

Delete template?

Save as template?