Attributes of a Good Business Reporter

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Independent sources help ensure that the information is not biased or self-serving.

Analyzing numbers allows reporters to verify the truth and uncover potential lies, such as the statistic that a third of CEOs lie to the media.

<p>Using anecdotal examples makes stories more relatable and memorable for readers.</p> Signup and view all the answers

<p>A broker acts as an intermediary facilitating transactions between two or more parties.</p> Signup and view all the answers

<p>Store openings and annual business reports.</p> Signup and view all the answers

<p>Capital expenditure refers to the costs incurred to acquire assets, while capital market is a network that channels savings to commerce and industry.</p> Signup and view all the answers

<p>Collateral security is an asset pledged to a creditor to ensure the repayment of a loan.</p> Signup and view all the answers

<p>The person's business affiliations relevant to the story.</p> Signup and view all the answers

<p>Depreciation indicates a decline in the value of an asset over time.</p> Signup and view all the answers

<p>It is the difference between the total payments into and out of a country in a given period.</p> Signup and view all the answers

<p>To avoid bias and ensure the information is trustworthy and not influenced by affiliations.</p> Signup and view all the answers

<p>Devaluation is a decrease in the value of one currency relative to others, impacting exchange rates.</p> Signup and view all the answers

<p>A mixed economy incorporates elements of both capitalism and socialism.</p> Signup and view all the answers

<p>Value added tax is a turnover tax that accounts for the value added at each production stage.</p> Signup and view all the answers

<p>Avoiding economic jargon helps make complex economic topics accessible to the average reader.</p> Signup and view all the answers

<p>A good business reporter should be comfortable with numbers and not intimidated by lengthy reports or financial jargon.</p> Signup and view all the answers

<p>Objectivity is important as it ensures the reporter presents facts without bias, maintaining credibility.</p> Signup and view all the answers

<p>The two types of companies are publicly held and privately held; reporters often find it challenging to obtain information from privately held companies due to secrecy.</p> Signup and view all the answers

<p>Bank officers, financial analysts, and chamber of commerce officials are three potential sources.</p> Signup and view all the answers

<p>Reporters might face wariness and distrust from sources, making it difficult to establish rapport.</p> Signup and view all the answers

<p>Physical sources like city tax records and business licenses provide concrete data reflecting a firm's economic activity.</p> Signup and view all the answers

<p>Competition drives companies to withhold information in order to maintain a strategic advantage over rivals.</p> Signup and view all the answers

<p>Business reporters often deal with more complex information and face greater challenges in accessing reliable data due to confidentiality in the industry.</p> Signup and view all the answers

<p>The primary focus is to report on the basics of revenue and expenditure, detailing all sources of revenue and earmarked expenditures.</p> Signup and view all the answers

<p>Inflation can mask a decrease in real terms; thus, increases in absolute terms must be contextualized with inflation.</p> Signup and view all the answers

<p>Regressive taxes tend to favor the wealthy by requiring them to pay a smaller percentage of their overall income compared to poorer segments.</p> Signup and view all the answers

<p>Journalists should follow the budget process throughout the year to see if predictions are being fulfilled.</p> Signup and view all the answers

<p>Maintaining contact with diverse organizations enriches the reporting by providing varied perspectives on the budget's impact.</p> Signup and view all the answers

<p>The two primary rubrics are basic guidelines for reporting budget specifics and general principles of good journalism.</p> Signup and view all the answers

<p>Consumption taxes such as VAT can favor the wealthy because they represent a smaller percentage of total wealth paid compared to poorer individuals.</p> Signup and view all the answers

<p>International organizations, such as the IMF, provide valuable input and assessment concerning the impacts of revenue and expenditure.</p> Signup and view all the answers

<p>An investigative reporter acts as an auditor and comparative analyst, extracting impactful facts from budget numbers.</p> Signup and view all the answers

<p>Including local and international organizations helps track revenue sources and assess their impact on marginalized communities.</p> Signup and view all the answers

<p>By incorporating specific, relatable examples of how the budget affects individuals directly, making the figures more accessible.</p> Signup and view all the answers

<p>'Sin taxes' are imposed on goods like tobacco and alcohol, and mentioning them can highlight the budget's direct financial impact on families.</p> Signup and view all the answers

<p>Including a family example personalizes the budget's effects, allowing the audience to relate to the financial implications.</p> Signup and view all the answers

<p>Civil society groups provide critical perspectives that reflect the needs and challenges faced by the most vulnerable populations.</p> Signup and view all the answers

<p>A reporter should use engaging language and present intriguing, relatable details alongside significant figures to maintain interest.</p> Signup and view all the answers

<p>Contextualization helps to clarify the relevance and implications of budget numbers, influencing public understanding and perception.</p> Signup and view all the answers