Class Activity (14/09/2005)

1) Search the net or gated databases for definitions for 4 business terms:

WTO = World Trade Organisation, the only global international organization dealing with the rules of trade between nations

EBIT = Earnings before interest and tax

NAFTA = North American Free Trade Agreement, an agreement between Canada, the US and Mexico for free trade which helps improve living standards

OPEC = Organisation of Petroleum Exporting Countries, who coordinate oil production policies in order to help stabilise the oil market and to help oil producers achieve a reasonable rate of return on their investments.

2) Pick an announcement from the ASX to use as a story idea. Write an abstract and include who you'd contact to get more information and what angle you'd take.

September 13: Telstra is up in arms over an investigation by ASIC and the ASX over media reports of a document regarding alleged job cuts throughout the Telco.

I'd probably try to find out what the impact this announcement would have (if any) due to the consistent decline of Telstra shares.

I'd get in touch with Senator Stephen Conroy about his request for the investigation, Douglas Gration who released the announcement to find out more about what's being done, as well as a financial adviser (Kevin Bailey from The Money Managers for example) about what stockholders can and should do.