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Read the information supplied and answer the questions which follow - Leaving Cert Business - Question 5 - 2010
Question 5
Read the information supplied and answer the questions which follow. Glendarn Sports Club in Galway will hold its Annual General Meeting (AGM) in a local hotel next... show full transcript
Worked Solution & Example Answer:Read the information supplied and answer the questions which follow - Leaving Cert Business - Question 5 - 2010
Step 1
Using today’s date draft the Notice and the Agenda for the Annual General Meeting of Glendarn Sports Club.
Answer
Glendarn Sports Club
15 June 2010
Notice is hereby given that the Annual General Meeting of the Club will take place on 5 July 2010 at 7.30 p.m. in the Park Hotel Galway.
Agenda:
- Minutes of the last Annual General Meeting
- Chairperson's report
- Treasurer's report
- Election of new officers
- Repair of clubhouse/Funding/Insurance costs
- A.O.B.
Michael Brown Secretary
Step 2
Outline two duties of a Chairperson at a meeting.
Answer
-
Ensure there is a quorum, open the meeting and run it in an orderly manner.
- This means confirming that sufficient members are present to conduct business and guiding the discussion.
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Ensure that the agenda is followed, ensuring compliance with standing orders.
- The Chairperson must guide the meeting according to the agenda, ensuring every item is addressed.
Step 3
Outline two duties of a Secretary at a meeting.
Answer
-
Ensure that all members receive the Notice and Agenda in advance.
- This helps ensure everyone is prepared for discussions and decisions.
-
Read the minutes of the last meeting.
- The Secretary records previous meeting outcomes and keeps attendees informed.
Step 4
State two advantages of meetings as a method of communication.
Answer
-
They allow decisions to be made on proposals, creating a space for collaborative input.
- Meetings facilitate brainstorming and consensus building among team members.
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Face-to-face communication reduces misunderstandings and lessens conflict.
- Person-to-person interaction helps clarify messages and build rapport.
Step 5
Explain insurance terms underlined above.
Answer
Policy: A policy is a legal contract between the insurance company and the insured – it contains details of how the risk is covered, helping to define the scope of protection.
Claim form: If an insured loss is suffered, the insured party needs to file a claim form with the insurance company detailing the loss suffered, prompting potential compensation from the insurer.
Step 6
Outline how the flood damage may affect future insurance premiums for the club.
Answer
Insurance premiums may increase as a response to risks such as flood damage.
- Insurers may adjust rates to reflect the higher risk, or could amend the insurance contract to consider the risk as not greater.