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a. Agency problems and conflicts are common in all organisations.
Required:
Explain the concept of agency problems and discuss FIVE types of agency conflicts that might exist in an organisation. (8 Marks)
b. Tucker‟s Five Question Model can be employed in training new professional accountants in ethics.
Required:
Explain the issues covered by the Tucker‟s Five Question Model. (7 Marks)
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Find Related Questions by Tags, levels, etc.
a. With the aid of an appropriate diagram, explain how organisations and management structures might change as a business grows using Greiner’s growth model. (10 Marks)
b. Explain briefly the concept of board diversity giving THREE examples of categories of diversity. (5 Marks)
c. Explain THREE benefits of the diversity of the board of a large company. (3 Marks)
d. Discuss TWO limitations of board diversity. (2 Marks)
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Mallam Danladi is a civil servant who has won a sum of one hundred million Naira in a lottery. Being a very conservative person who is averse to risks, Mallam Danladi is contemplating putting the money in a fixed deposit account at an interest rate of 14% per annum or into treasury bills at an interest rate of 18.5% per annum. These two options are considered to be virtually risk-free. Mr. Madoff, a risk consultant, advised him to invest in the production of shea butter, coconut oil, and black soap, with a promise of 52% profit per annum. In an attempt to convince Mallam Danladi to invest in the production of these items, Mr. Madoff tried to educate him on the nature of risks and how to effectively monitor and control them in ways that will ensure that business remains highly profitable.
Required:
a. Explain briefly the nature of risk in business to Mallam Danladi. (2½ Marks)
b. Discuss FOUR distinct means of controlling business risk. (10 Marks)
c. Explain briefly the purpose of monitoring risks in business. (3 Marks)
d. Discuss THREE ways of monitoring risks in business. (4½ Marks)
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Johnson and Scholes suggested that there is a cultural web within an organization.
Required:
a. Discuss the idea of the cultural web and its interrelated elements in a way that would assist a new employee to understand this concept in a business organization. (15 Marks)
b. As a professional accountant, explain any TWO ethical principles or requirements you would consider in deciding whether or not to keep a promise to maintain confidentiality with regards to information acquired from a client in the ordinary course of business. (5 Marks)
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Gbenga Alimi wants to establish a fast food restaurant in Koko, a state in Naijaland. A well-known global fast-food outfit in Naijaland has agreed to give him a franchise to operate the business in the state. However, the franchisor has requested Gbenga to present a viable business plan for assessment.
Required:
a. Outline the contents of a business plan addressing the proposed franchise’s viability. (20 Marks)
b. Use a graphical representation to educate Gbenga on the four stages of the classical product life cycle. (6 Marks)
c. Within an organizational context, distinguish between:
i. Narrow and wide stakeholders
ii. Active and passive stakeholders
(4 Marks)
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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
The accumulation of external debt is a common phenomenon in developing countries at the stage of development where external resources are needed to bridge budgetary gap.
Required:
a. Explain what is meant by External Debt. (3 Marks)
b. Discuss the causes and likely adverse consequences of the rising level of Nigeria’s total external debt stock. (12 Marks)
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i. A six-sided and fair die is thrown into the air. What is the probability:
ii. A block-making factory produces TWO types of blocks: 6-inch and 9-inch. ONE quarter of its output on a particular day are 6-inch blocks, while the remaining three-quarters are 9-inch blocks. If samples of 3 are taken at random, what is the probability of obtaining:
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b. The table below shows the weekly wage distribution of artisans in a certain factory:
| Weekly Wage (₦’00) | Number of Artisans |
|---|---|
| 38 – 47 | 16 |
| 48 – 57 | 24 |
| 58 – 67 | 41 |
| 68 – 77 | 53 |
| 78 – 87 | 76 |
| 88 – 97 | 118 |
| 98 – 107 | 224 |
| 108 – 117 | 83 |
| 118 – 127 | 15 |
| 128 – 137 | 4 |
i. Draw a histogram to represent the wage distribution using the scales: On x-axis, let 1 cm represent ₦100; on y-axis, let 1 cm represent 10 artisans. (4 Marks)
ii. Deduce the modal weekly wage from the histogram. (2½ Marks)
iii. Use the appropriate formula to calculate the modal weekly wage. (3½ Marks)
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a. A manufacturing company has purchased a machine generating earnings (₦’000) at time t of 
, where t is in years. The repair and maintenance cost at time t is 
You are required to:
i. Determine when the machine should be replaced, assuming it has a zero salvage value. (4 Marks)
ii. Determine the total net earnings, including the cost of repairs and maintenance within the period of 11 years. (6 Marks)
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In Inventory Control, the Economic Order Quantity (EOQ) of an item is given as 500 units, ordering cost as ₦500 per order, and the demand for the item in six months is 2,500 units. What is the holding cost of a unit of the item per annum?
A. ₦10
B. ₦20
C. ₦30
D. ₦40
E. ₦50
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Find Related Questions by Tags, levels, etc.
A ten-year record of cocoa production in a certain farm is tabulated as follows:
| Year | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|
| Production (tonnes) | 42 | 52 | 41 | 48 | 64 | 67 | 77 | 66 | 73 | 89 |
Based on a 4-year moving total, the centered moving average for the year 2007 is:
A. 79.5
B. 69.5
C. 59.5
D. 49.5
E. 39.5
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Find Related Questions by Tags, levels, etc.
Which of the following is NOT TRUE about Normal Distribution?
A. Normal distribution is a frequency distribution.
B. Both tails of the distribution approach but never meet the horizontal axis.
C. It is a probability distribution of a continuous variable that fits many naturally occurring distributions.
D. The exact shape of the normal curve depends on the mean of the distribution.
E. The area under the normal curve represents the probability and totals 1 or 100%.
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A large batch of components of TV sets is stocked by a company. The batch comprises components that are manufactured by processes A, B, and C. There are twice as many components from process A as from each of processes B and C in a batch. Components from A contain 8% defectives, and those from B and C contain 11% and 14% defectives respectively.
The probability that a defective item is from process B is:
A. 0.228
B. 0.238
C. 0.248
D. 0.258
E. 0.268
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The TWO components of a Time Series which are usually estimable are:
A. Trend and Cyclic variation
B. Seasonal variation and Trend
C. Random movements and Trend
D. Seasonal variation and Random movements
E. Cyclic variation and Seasonal variation
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