Government Policy

PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

Question

Public finance is concerned with the income and expenditure of public authorities and with the adjustment of one to the other. Also, it opines that the subject matter of public finance looks into the financial problems and policies of the government at different levels and studies the inter-governmental financial relations.

Required:
a. Identify and explain FIVE categories of public finance. (7½ Marks)

b. Discuss FIVE rationale for public sector in the economy. (7½ Marks)

Answer

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Tags: Fiscal Responsibility, Government Policy, Public Finance
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2024

BMF – May 2022 – L1 – SB – Q4b – The Business Environment

Explaining two main policy approaches governments use to achieve macroeconomic goals.

Question

State and explain TWO main policy approaches that governments use to meet macroeconomic objectives.

Answer

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Tags: Government Policy, Macroeconomic Objectives, Policy Approaches
Level: Level 1

Topic: The Business Environment
Series: MAY 2022

BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

Question

State THREE reasons why government develop economic policy.

Answer

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Tags: Business Environment, Economic Policy, Government Policy
Level: Level 1

Topic: The Business Environment
Series: MAY 2022

BMF – May 2021 – L1 – SB – Q1c – The Business Environment

State ten possible economic impacts of the removal of fuel subsidy in Nigeria.

Question

Governments of nations sometimes use economic policies to achieve political, social, or economic objectives. As an integral part of the Nigerian government’s medium-term fiscal framework, there is a proposal to remove fuel subsidy in 2021. According to economic theory, state TEN possible economic impacts of the removal of fuel subsidy in Nigeria.

Answer

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Tags: Economic Impact, Fuel Subsidy, Government Policy, Inflation
Level: Level 1

Topic: The Business Environment
Series: MAY 2021

BMF – May 2023 – L1 – SB – Q6c – The Business Environment

State five reasons why the policy of subsidising imported petroleum products failed in Nigeria.

Question

State FIVE reasons why the policy of subsidising imported petroleum products failed in Nigeria

Answer

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Tags: Economic Issues, Government Policy, Nigeria, Subsidy
Level: Level 1

Topic: The Business Environment
Series: MAY 2023

AFM – Nov 2017 – L3 – Q4a – Economic environment for multinational organizations

Discusses five ways in which government action can affect the decision-making role of a finance manager.

Question

The economic environment within which the Financial Manager must operate is subject to a variety of influences, one of which is from the government.

Required:
Explain FIVE areas in which government action might affect the problem-solving and decision-making roles of a Finance Manager. (10 marks)

Answer

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Tags: Credit control, Financial management, Government Policy, Taxation, Trade policies
Level: Level 3

Topic: Economic environment for multinational organisations
Series: NOV 2017

TX – May 2019 – L3 – Q1d – Tax Planning

Discuss circumstances under which government should run state enterprises as business entities to increase revenue.

Question

Some political analysts have often made the claim that governments over the world should create enabling environments for private businesses to flourish, including granting tax incentives as a way of creating jobs for the unemployed youth, and that governments should not directly engage in business. They sum this up often with the statement that “Government has no business doing business.” Others, however, hold a contrary view on this matter, making this an endless debate.

Required:

Under what circumstance would you encourage the running of state enterprises as business entities by the government to increase revenue as against the imposition of new taxes for the same purpose?
(5 marks)

Answer

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Tags: Government Policy, Public Sector, Revenue Generation, State Enterprises, Taxation
Level: Level 3

Topic: Tax planning
Series: MAY 2019

BMIS – Nov 2023 – L1 – Q2a – The external environment

Explain five ways the Government of Ghana can improve the business environment to help private enterprises thrive.

Question

It can be argued that the public sector must not directly engage in business but rather direct efforts and resources at securing an enabling environment in which the private sector which has been described as the engine of growth of the economy can flourish.

Required: Explain FIVE (5) ways by which the Government of Ghana can improve the business environment in order that private enterprises can thrive. (10 marks)

Answer

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Tags: Business Environment, Economic growth, Government Policy, Private Sector
Level: Level 1

Topic: The external environment
Series: NOV 2023

BMIS – May 2017 – L1 – Q1a – The business organization and its stakeholders

Describe three benefits and three disadvantages of privatization.

Question

a) Privatisation can refer to the act of transferring ownership of specified property or business operations from a government organisation to a privately owned entity, as well as the transition of ownership from a publicly traded, or owned, company to a privately owned company.

Required:
i) Describe THREE potential benefits of privatisation. (3 marks)
ii) State THREE disadvantages of privatisation.

(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ownership, Government Policy, Privatisation
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: MAY 2017

PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

Question

Required:
a. Identify and explain FIVE categories of public finance. (7½ Marks)

b. Discuss FIVE rationale for public sector in the economy. (7½ Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fiscal Responsibility, Government Policy, Public Finance
Level: Level 2

Topic: Public Sector Reforms
Series: MAY 2024

BMF – May 2022 – L1 – SB – Q4b – The Business Environment

Explaining two main policy approaches governments use to achieve macroeconomic goals.

Question

State and explain TWO main policy approaches that governments use to meet macroeconomic objectives.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government Policy, Macroeconomic Objectives, Policy Approaches
Level: Level 1

Topic: The Business Environment
Series: MAY 2022

BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

Question

State THREE reasons why government develop economic policy.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic Policy, Government Policy
Level: Level 1

Topic: The Business Environment
Series: MAY 2022

BMF – May 2021 – L1 – SB – Q1c – The Business Environment

State ten possible economic impacts of the removal of fuel subsidy in Nigeria.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Impact, Fuel Subsidy, Government Policy, Inflation
Level: Level 1

Topic: The Business Environment
Series: MAY 2021

BMF – May 2023 – L1 – SB – Q6c – The Business Environment

State five reasons why the policy of subsidising imported petroleum products failed in Nigeria.

Question

State FIVE reasons why the policy of subsidising imported petroleum products failed in Nigeria

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic Issues, Government Policy, Nigeria, Subsidy
Level: Level 1

Topic: The Business Environment
Series: MAY 2023

AFM – Nov 2017 – L3 – Q4a – Economic environment for multinational organizations

Discusses five ways in which government action can affect the decision-making role of a finance manager.

Question

The economic environment within which the Financial Manager must operate is subject to a variety of influences, one of which is from the government.

Required:
Explain FIVE areas in which government action might affect the problem-solving and decision-making roles of a Finance Manager. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Credit control, Financial management, Government Policy, Taxation, Trade policies
Level: Level 3

Topic: Economic environment for multinational organisations
Series: NOV 2017

TX – May 2019 – L3 – Q1d – Tax Planning

Discuss circumstances under which government should run state enterprises as business entities to increase revenue.

Question

Required:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government Policy, Public Sector, Revenue Generation, State Enterprises, Taxation
Level: Level 3

Topic: Tax planning
Series: MAY 2019

BMIS – Nov 2023 – L1 – Q2a – The external environment

Explain five ways the Government of Ghana can improve the business environment to help private enterprises thrive.

Question

Required: Explain FIVE (5) ways by which the Government of Ghana can improve the business environment in order that private enterprises can thrive. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Environment, Economic growth, Government Policy, Private Sector
Level: Level 1

Topic: The external environment
Series: NOV 2023

BMIS – May 2017 – L1 – Q1a – The business organization and its stakeholders

Describe three benefits and three disadvantages of privatization.

Question

Required:
i) Describe THREE potential benefits of privatisation. (3 marks)
ii) State THREE disadvantages of privatisation.

(3 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Ownership, Government Policy, Privatisation
Level: Level 1

Topic: The Business Organisation and its Stakeholders
Series: MAY 2017

Question Tag: Government Policy

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PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

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BMF – May 2022 – L1 – SB – Q4b – The Business Environment

Explaining two main policy approaches governments use to achieve macroeconomic goals.

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BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

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BMF – May 2021 – L1 – SB – Q1c – The Business Environment

State ten possible economic impacts of the removal of fuel subsidy in Nigeria.

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BMF – May 2023 – L1 – SB – Q6c – The Business Environment

State five reasons why the policy of subsidising imported petroleum products failed in Nigeria.

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AFM – Nov 2017 – L3 – Q4a – Economic environment for multinational organizations

Discusses five ways in which government action can affect the decision-making role of a finance manager.

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TX – May 2019 – L3 – Q1d – Tax Planning

Discuss circumstances under which government should run state enterprises as business entities to increase revenue.

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BMIS – Nov 2023 – L1 – Q2a – The external environment

Explain five ways the Government of Ghana can improve the business environment to help private enterprises thrive.

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BMIS – May 2017 – L1 – Q1a – The business organization and its stakeholders

Describe three benefits and three disadvantages of privatization.

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PSAF – May 2024 – L2 – SB – Q7 – Public Sector Reforms

Categories of public finance and rationale for public sector involvement in the economy.

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BMF – May 2022 – L1 – SB – Q4b – The Business Environment

Explaining two main policy approaches governments use to achieve macroeconomic goals.

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BMF – May 2022 – L1 – SB – Q3c – The Business Environment

Reasons why governments develop economic policy.

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BMF – May 2021 – L1 – SB – Q1c – The Business Environment

State ten possible economic impacts of the removal of fuel subsidy in Nigeria.

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BMF – May 2023 – L1 – SB – Q6c – The Business Environment

State five reasons why the policy of subsidising imported petroleum products failed in Nigeria.

You're reporting an error for "BMF – May 2023 – L1 – SB – Q6c – The Business Environment"

AFM – Nov 2017 – L3 – Q4a – Economic environment for multinational organizations

Discusses five ways in which government action can affect the decision-making role of a finance manager.

You're reporting an error for "AFM – Nov 2017 – L3 – Q4a – Economic environment for multinational organizations"

TX – May 2019 – L3 – Q1d – Tax Planning

Discuss circumstances under which government should run state enterprises as business entities to increase revenue.

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BMIS – Nov 2023 – L1 – Q2a – The external environment

Explain five ways the Government of Ghana can improve the business environment to help private enterprises thrive.

You're reporting an error for "BMIS – Nov 2023 – L1 – Q2a – The external environment"

BMIS – May 2017 – L1 – Q1a – The business organization and its stakeholders

Describe three benefits and three disadvantages of privatization.

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