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Study the information supplied and answer the questions which follow: The following is an extract from the Treasurer’s report which was recently presented at the AGM of Glenmore Football Club - Leaving Cert Business - Question 1 - 2006

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Question 1

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Study the information supplied and answer the questions which follow: The following is an extract from the Treasurer’s report which was recently presented at the AG... show full transcript

Worked Solution & Example Answer:Study the information supplied and answer the questions which follow: The following is an extract from the Treasurer’s report which was recently presented at the AGM of Glenmore Football Club - Leaving Cert Business - Question 1 - 2006

Step 1

Describe two different methods the club could use to raise funds to improve its financial position.

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Answer

  1. Increase Subscription Fees: The club can consider increasing the subscription fees for its members. By doing this, the club can generate additional revenue that can be used to pay off debts or invest in new projects.

  2. Fundraising Through Events: Organizing events such as sports clinics, tournaments, or social gatherings can attract participation and sponsorships, thereby raising funds for the club.

Step 2

Draft the Notice and Agenda for the AGM of Glenmore Football Club.

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Answer

Notice

Notice is hereby given that the 15th Annual General Meeting of the Glenmore Football Club will take place on 10th June 2006 at 8:00 p.m. in the Clubhouse.

Agenda

  1. Minutes of the last Annual General Meeting
  2. Matters arising from the minutes
  3. Chairperson’s report
  4. Treasurer’s report – financial position of club
  5. Fundraising for club
  6. Election of new officers
  7. Building Programme
  8. A.O.B.

Alice Williams Secretary

Step 3

Outline two duties of a chairperson at an AGM.

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Answer

  1. Open the Meeting: The chairperson is responsible for opening the meeting and ensuring that a quorum is present.

  2. Ensure That the Agenda is Followed: The chairperson must facilitate the meeting by ensuring that the agenda is adhered to, allowing for comprehensive discussion of all items.

Step 4

Outline two duties of a secretary at an AGM.

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Answer

  1. Prepare the Agenda: The secretary is responsible for preparing the agenda and ensuring that all necessary documentation is circulated ahead of the meeting.

  2. Record the Minutes: The secretary must record the minutes of each discussion and decisions made during the meeting, and distribute these minutes afterward.

Step 5

Explain three advantages of meetings as a method of communication.

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Answer

  1. Enable Face-to-Face Interaction: Meetings allow for direct communication among participants, fostering collaboration and immediate feedback.

  2. Encourage Group Decision-Making: Collaborative discussion can lead to better-informed decisions as multiple perspectives are considered.

  3. Facilitate Clarification of Issues: Participants can ask questions and clarify doubts in real-time, reducing the possibility of misunderstandings.

Step 6

Explain the term ‘quorum’.

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Answer

A quorum is the minimum number of members required to be present for a meeting to be considered valid and for decisions to be made. This ensures that decisions reflect the consensus of a sufficient number of members.

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