Movement restrictions imposed by various governments to mitigate
the spread of COVID-19 pandemic in the form of social distancing
and closure of national and international borders and airports has
brought a number of business organisations to a standstill, leading
to the decline in growth and market share, especially the hard hit
tourism and hospitality industries. Assume that you are the manager
of IDISAM Hotel LTD, which holds the largest market share in the
hospitality industry, but now on the verge...
Q1 Several government policies have been proposed to attempt to
mitigate the economic effects of COVID-19. Some are using
traditional monetary and fiscal policies (such as cutting interest
rates, quantitative easing and bailouts). Others are trying out
non-traditional methods (such as direct cash transfers, loans to
businesses conditional on maintaining employment and wage
subsidies). The Australian Government has implemented several
economic measures in response to COVID-19. These include providing
two separate $750 payments to social security, veteran and other
income...