Social Studies: Entrepreneurs - Sam Morgan

Social Studies: Entrepreneurs - Sam Morgan

At Social studies I have to research about a entrepreneur. Sam Morgan is the entrepreneur I'm researching about, Sam Morgan is the founder of Trademe or known as the largest internet auction website in New Zealand.

Here are the questions I have to answer

1. Name the cartoonist and give the date of publication of the cartoon.

The Cartoonist goes by Tom Scott but his actual name is Thomas Scott.

The date it was published was from 2007 July 2005.

Source - Image and Information

2. Name the two people and identify the techniques the cartoonist uses to show which is which.

One the right side of the image is Sam Morgan holding the sign and on the left hand side is the person who bought Trademe for seven million, David Kirk. 

The Cartoonist let us tells which is which by the speech bubbles and the signs they are holding out for example the person on the left has the sale contract.

3. Describe the technique the cartoonist uses to show one person is speaking and one is thinking

The Technique the artist uses is ending each speech bubble with a different shape. For example the shape in the image is one with a pointy end commonly meaning he is speaking and the other one with multiple small bubbles going towards the character means he's speaking.


4. Give Sam's age at this time. Explain how he made his idea successful.
Sam was 23 years old when he founded trade me. He made his idea successful by having his parents help him invest his business. 


5. Discuss an impact Trade Me has had on you or someone you know.
No one that I know of had used Trade Me before. 


6. Web Search: Find the Tremain cartoon that featured the same event as the Tom Scott cartoon, and explain how it is different.

Tremain's cartoon is after Tom scott's cartoon where Sam Morgan sells his business to Fairfax for $70mil. This cartoon shows the son's father is reading a newspaper about how Sam's father got $47mil from the Trade Me deal. 

Science: Water Cycle in Action

Science: Water Cycle in Action

Watching the Water Cycle in Action

Aim: To observe the basic processes of the water cycle.

Equipment: 200 mL beaker, watch glass, ice cubes, Bunsen burner, tripod gauze mat.

Method:

1. Fill the beaker with approximately 100 mL of water and place on a tripod over a Bunsen burner.

2. Fill the watch glass with a few pieces of ice and leave it on the bench.

3. Light the Bunsen burner and heat the water until it just starts to simmer. Do not boil the water.

4. Turn the Bunsen burner off and gently place the watch glass and ice on top of the beaker.

Observations:

This science experiment we had to make a artificial water cycle with ice and water.  What I saw was water in the bottom level of the beaker then in the high part of the beaker was steam. and at the top it was just ice I believe.

FRIDAY, 14 SEPTEMBER 2018

Social Studies: Fair Trading Act

At social studies we had to learn about consumers and producers. We're given a set of questions to see what we know about consumers, producers and the fair trading act.

1. What is the Fair Trading Act? 
The fair trading act protects you from being misled and being treated unfairly by shops and traders. This act applies to everyone in trade.

2. What is the commerce commission's goal? 
The Commerce Commission's goal is to enforce the Fair Trading Act and also provide guidance as who is in trade including whether sellers.
3. Who besides the commission is responsible for the act and can take their own legal action?
I think you are because you can make a complaint on the trader or the product to the commission. 

4. What are the two groups the act applies to?
Businesses and the consumer.

Understand Your Compliance Obligations 

1. What do the acts apply to?
To anyone in trade including overseas that supply goods or services in land within New Zealand

2. Does it only apply if you intend to deceive?
I think yes because the act prevents any kind of false accusations or any misleading information.

3. Whose "shoes" must the business put themselves into?
 I think the business has to put themselves into the commerce commission's shoes because the commerce commission enforces the Fair Trading Act and to do that they must be in reach of the business

4. What is the commission empowered to do?
The commission enforces the Fair Trading Act preventing consumers to buy misleading products or buying it for a high price than it should be.

Reporting A business

How do you report a business?
You can make a complaint to the commerce commission if you think the business is suspicious but they get thousands of complaints so it might take time for your complaint to be processed. 

Know Your Rights
Know Your Rights Fact Sheet

You would want to know your rights because you might buy something you want from a smaller business for a cheaper price but you don't know if it's are legit product or just a hand made one with poor quality. So if you bought a product you liked for a cheaper price and you're unsatisfied with it you could report that business and have them take legal action if the business doesn't want to give you a refund or anything. 

Source

Social Studies: Fair Trading Act

Social Studies: Fair Trading Act

At social studies we had to learn about consumers and producers. We're given a set of questions to see what we know about consumers, producers and the fair trading act.

1. What is the Fair Trading Act? 
The fair trading act protects you from being misled and being treated unfairly by shops and traders. This act applies to everyone in trade.

2. What is the commerce commission's goal? 
The Commerce Commission's goal is to enforce the Fair Trading Act and also provide guidance as who is in trade including whether sellers.
3. Who besides the commission is responsible for the act and can take their own legal action?
I think you are because you can make a complaint on the trader or the product to the commission. 

4. What are the two groups the act applies to?
Businesses and the consumer.

Understand Your Compliance Obligations 

1. What do the acts apply to?
To anyone in trade including overseas that supply goods or services in land within New Zealand

2. Does it only apply if you intend to deceive?
I think yes because the act prevents any kind of false accusations or any misleading information.

3. Whose "shoes" must the business put themselves into?
 I think the business has to put themselves into the commerce commission's shoes because the commerce commission enforces the Fair Trading Act and to do that they must be in reach of the business

4. What is the commission empowered to do?
The commission enforces the Fair Trading Act preventing consumers to buy misleading products or buying it for a high price than it should be.

Reporting A business

How do you report a business?
You can make a complaint to the commerce commission if you think the business is suspicious but they get thousands of complaints so it might take time for your complaint to be processed. 

Know Your Rights
Know Your Rights Fact Sheet

You would want to know your rights because you might buy something you want from a smaller business for a cheaper price but you don't know if it's are legit product or just a hand made one with poor quality. So if you bought a product you liked for a cheaper price and you're unsatisfied with it you could report that business and have them take legal action if the business doesn't want to give you a refund or anything.