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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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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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The age distribution of the administrative staff in a tyre manufacturing company is distributed as follows:
| Age of administrative staff (years) | Number of administrative staff |
|---|---|
| 28 and under 34 | 2 |
| 34 and under 40 | 15 |
| 40 and under 46 | 19 |
| 46 and under 52 | 10 |
| 52 and under 58 | 3 |
| 58 and under 64 | 1 |
If the first quartile age is 38.2 years, then the quartile deviation of the age distribution is:
A. 3.45 years
B. 4.35 years
C. 4.53 years
D. 5.34 years
E. 5.43 years
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If the age distribution of the artisans in a tobacco company is tabulated as follows:
| Artisan’s age (years) | Number of Artisans |
|---|---|
| 20 and under 25 | 3 |
| 25 and under 30 | 14 |
| 30 and under 35 | 18 |
| 35 and under 40 | 11 |
| 40 and under 45 | 3 |
| 45 and under 50 | 1 |
Then the first quartile age is:
A. 28.38 years
B. 28.39 years
C. 28.93 years
D. 29.38 years
E. 29.93 years
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Find Related Questions by Tags, levels, etc.
The mean is the most commonly used statistics for further statistical calculations because it:
A. Tends to lie at the centre of a set of data
B. Is easy to calculate
C. Takes all observations in the data into consideration
D. Is the most popular
E. Is not affected by extreme values in the data
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If the monthly salary of the staff of ABC Plc. is distributed as follows:
| Monthly salary (N’000) | Number of staff |
|---|---|
| 6 and under 12 | 2 |
| 12 and under 18 | 13 |
| 18 and under 24 | 16 |
| 24 and under 30 | 10 |
| 30 and under 36 | 2 |
| 36 and under 42 | 1 |
| Total | 44 |
Then, the median salary is:
A. N20,256
B. N20,265
C. N20,526
D. N20,625
E. N20,652
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Which of the following is NOT TRUE about a histogram?
A. A vertical rectangle is drawn to represent each class of the frequency distribution
B. A histogram is a graph of a grouped frequency distribution
C. The frequency of a class is represented by the height of its rectangle.
D. Histogram and bar charts look similar but they are constructed very differently.
E. The frequency of a class is represented by the area of the bar corresponding to the class.
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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
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