A new pupil joined the class on Monday. The pupil had
previously been attending another school.
We have reached 'Strategy' in the AEB Business Studies
syllabus.
I was going through private and public companies and
their differenmces when the new pupil piped up:
"You're wrong!"
Concerned, I asked why. I had been stressing that
private companies have no limit to the number of
shares they can issue but practicalities suggest that
only a few will be issued as they cannjot
sell/advertise shares to the members of the public.
There is no limit to the number of members.
The new pupil said:
" The A-Z book clearly states that a private company
must have less than £50,000 share capital"
That is something I had never taught.
I was convinced that the book was wrong.
Luckily I am also in contact with a Law site
(barristers etc)
I asked them.
They confirmed my view that the book was wrong.
Today I told the class of my findings.
The new pupil held her ground. "Our teacher (i.e. her
previous one) said that the book was written by Chief
Examiners and they cannot be werong!" she said.
I checked the dictionary.
This is not a typo, a printing error. This is an error
of knowledge. I am happy to ignore the entry about
multinationals (they are called transnationals now as
per the United Nations - that point is not made) but
not where accuracy is required. I remember in the
1980s a book by a Chief Examiner then had the gearing
ratio round the wrong way.
Like I said, an error of concept.
This worries me.
__________________________________________________
Do You Yahoo!?
Yahoo! Photos -- now, 100 FREE prints!
http://photos.yahoo.com
%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%
|