- 20 Marks
CG – APR 2023 – L4 – Q5 – Application of Transaction Cost Theory to Digital Product Approval
Examine application of Transaction Cost Theory in board approval of a digital product.
Question
The Board of Kashbank Plc has been introduced to the various bank corporate governance theories as part of its board development programme organised by the accounting firm Bash. The Directors are interested in the Transaction Cost (TC) Theory and want to understand how they should apply transaction cost issues to their decision to approve the the introduction of a digital product called MoneyTalks.
REQUIRED
Critically examine how the Board of Kashbank should apply the Transaction Cost (TC) Theory in approving the digital product, MoneyTalks to be introduced to customers.
(25 marks)
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