NOV 2019 – Page 10

CSME – Nov 2019 – L2 – Q6c – Ethics in Business

Discusses ethical non-consequentialism with a focus on duty and highlights problems associated with this ethical theory.

Question

Answer

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Tags: Deontological Ethics, Duty Ethics, Non-Consequentialism
Level: Level 2

Topic: Ethics in Business
Series: NOV 2019

CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

Question

b) Distinguish ethical subjectivism from situation ethics. (6 Marks)

Answer

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Tags: Business Ethics, Ethical Subjectivism, Situation Ethics
Level: Level 2

Topic: Ethics in Business
Series: NOV 2019

CSME – Nov 2019 – L2 – Q6a – Strategic Planning Process

Defines business strategy and highlights key questions that a five-year business strategy must answer.

Question

(a) Define “business strategy” and highlight EIGHT questions that a five-year business strategy must seek to answer. (5 Marks)

Answer

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Tags: Business Strategy, Organizational Growth, Strategic Planning
Level: Level 2

Topic: Strategic Planning Process
Series: NOV 2019

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

Question

(b) Analyze the alternative types of board structure that a company might adopt and provide an argument in support of the one you consider to be more viable. (10 Marks)

Answer

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Tags: Board Structure, Corporate Governance, Two-Tier Board, Unitary Board
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

CSME – Nov 2019 – L2 – Q5a – Risk Management and Corporate Strategy

Outlines a presentation on the functions and determinants of the efficiency of a risk manager.

Question

(a) You are preparing for a job interview as a risk manager. This requires you to make a ten-minute presentation on the functions and determinants of the efficiency of a risk manager.

Required:
Present an outline of your 10-minute presentation. (10 Marks)

Answer

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Tags: Corporate Strategy, Risk Management, Risk Manager Efficiency
Level: Level 2

Topic: Risk Management, Risk Management and Corporate Strategy
Series: NOV 2019

CSME – Nov 2019 – L2 – Q4c – Corporate Social Responsibility (CSR)

Explores the concept of social ecology and its impact on corporate social responsibility.

Question

Answer

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Tags: Corporate Sustainability, Environmental Responsibility, Social Ecology
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2019 – L2 – Q4b – Corporate Social Responsibility (CSR)

Explores the concept of carbon neutrality and its application to corporate operations.

Question

(b) Discuss the concept of carbon neutrality in relation to the operations of companies. (5 Marks)

Answer

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Tags: Carbon Neutrality, Corporate Sustainability, Environmental impact
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

Question

a) In their quest to create economic wealth, business organizations leave environmental and social footprints.

Required:
Discuss environmental and social footprints of organizations. (10 Marks)

Answer

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Tags: Corporate Social Responsibility, Environmental Footprint, Social Impact
Level: Level 2

Topic: Corporate social responsibility
Series: NOV 2019

CSME – Nov 2019 – L2 – Q3b – Ethical Issues in Corporate Governance

Discusses the application of six principles of the Nolan Committee in public finance management.

Question

(b) The public sector is the driver of the economies of many developing nations. Public Finance Management has become a focus of attention in these economies. Development partners have therefore drawn the attention of governments to the Nolan Committee’s report on Standards in Public Life.

Required:
Discuss SIX of these principles for public office holders and show how they can enhance performance in the public sector. (6 Marks)

Answer

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Tags: Nolan Committee, Public Finance, Public sector governance
Level: Level 2

Topic: Ethical Issues in Corporate Governance
Series: NOV 2019

CSME – Nov 2019 – L2 – Q3a – Corporate Governance

Discusses basic concepts that are essential for good corporate governance and their relation to governance practices.

Question

(a) There are basic concepts that must be observed for good corporate governance in an entity.

Required:
Discuss these concepts and show how they relate to good corporate governance. (14 Marks)

Answer

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Tags: Accountability, Corporate Governance, Fairness, Transparency
Level: Level 2

Topic: Corporate Governance
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

Question

Company directors are appointed by the shareholders to manage the company.
Required:
Explain briefly FIVE circumstances that may disqualify a director from office. (10 Marks)

Answer

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Tags: Company Law, Directors, Disqualification, Shareholders
Level: Level 1

Topic: Contract Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q1b – Partnership Law

Advising on the legal issues of partner liability in a firm suffering loss, and a partner's move for dissolution.

Question

b. Wonderland Enterprises is a firm of four partners, trading in motor vehicle batteries. Mr. Bright was appointed the Managing Partner, while two other partners were appointed Finance Manager and Sales Manager, respectively. The remaining partner, Mr. Blake, did not take part in the firm’s management, but he contributed N2 million to the business just as each of the other partners did.

The firm recorded heavy trading loss during the year which resulted in a debt of N10 million. The three partners in the firm’s management insist that all the four partners must pay the debt equally. Mr. Blake is displeased and has served a notice on the other partners for dissolution of the partnership.

Required:
Advise the partners, stating the legal issues in the matter.

Answer

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Tags: Dissolution of partnership, Liability, Management Responsibility, Partnership Law
Level: Level 1

Topic: Partnership Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q1a – Sources of Nigerian Law

Explains the validity tests that customary law must pass to be enforceable in Nigeria.

Question

a. Customary law is one of the sources of Nigerian Laws.
Required: Explain briefly, TWO validity tests which customary law must pass to be enforceable. (4 Marks)

Answer

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Tags: Customary Law, Nigerian Legal System, Validity tests
Level: Level 1

Topic: Sources of Nigerian Law
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q20 – Alternative Dispute Resolution

Identifies the term used for the decision of an arbitration panel in ADR.

Question

Under Alternative Dispute Resolution, the decision of an arbitration panel is:
A. Damages
B. Refund
C. Award
D. Sentence
E. Appeal

Answer

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Tags: Alternative Dispute Resolution, Arbitration, Award
Level: Level 1

Topic: Alternative Dispute Resolution
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

Question

Persons named in a will to administer the testator’s estate are:
A. Representatives
B. Administrators
C. Custodians
D. Trustees
E. Executors

Answer

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Tags: Executors, Law of Trusts, Testator’s Estate, Will
Level: Level 1

Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q18 – Employment Law

Identifies the correct term for cessation of employment due to excess manpower.

Question

Cessation of employment on the ground of excess manpower is known as:
A. Suspension
B. Interdiction
C. Redundancy
D. Probation
E. Dismissal

Answer

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Tags: Cessation of Employment, Employment Law, Redundancy
Level: Level 1

Topic: Company Law
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q17 – Negotiable Instruments

Identifies the requirement for a bill of exchange to be negotiable in addition to delivery.

Question

In addition to being delivered, for a bill of exchange to be negotiable, it must be:
A. Endorsed
B. Inchoate
C. Countermanded
D. Accepted
E. Crossed

Answer

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Tags: Bill of Exchange, Endorsement, Negotiable Instruments
Level: Level 1

Topic: Negotiable Instruments
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q16 – The Nigerian Legal System

Identifies the type of insurance contract where subrogation is not applicable.

Question

In which of the following types of insurance contract is subrogation not applicable, under insurance law?
A. Fidelity insurance
B. Life insurance
C. Motor vehicle insurance
D. Carbotage insurance
E. Fire insurance

Answer

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Tags: Insurance, Life Insurance, Subrogation
Level: Level 1

Topic: The Nigerian Legal System
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identifies when a third party acquires good title in a hire purchase contract.

Question

In hire purchase contract, in which of the following circumstances will a third party acquire a good title to the goods?
A. Where the hirer knows the third party
B. Where the owner is not informed
C. Where the third party knows the owner
D. Where the owner and hirer disagree
E. Where the hirer has completed payment of instalments

Answer

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Tags: Good Title, Hire Purchase, Third-Party Rights
Level: Level 1

Topic: Hire Purchase and Consumer Credit Transactions
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q14 – Sale of Goods

Identifies an exception to the application of the nemo dat rule under sale of goods law.

Question

Under sale of goods law, the rule in nemo dat quod non habet is not applicable where the goods are:
A. Not necessaries
B. Sold in market overt
C. In saleable condition
D. Damaged
E. Ascertained

Answer

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Tags: Market Overt, Nemo Dat Rule, Sale of Goods
Level: Level 1

Topic: Sale of Goods
Series: NOV 2019

Series: NOV 2019

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CSME – Nov 2019 – L2 – Q6c – Ethics in Business

Discusses ethical non-consequentialism with a focus on duty and highlights problems associated with this ethical theory.

You're reporting an error for "CSME – Nov 2019 – L2 – Q6c – Ethics in Business"

CSME – Nov 2019 – L2 – Q6b – Ethics in Business

Discusses the differences between ethical subjectivism and situation ethics.

You're reporting an error for "CSME – Nov 2019 – L2 – Q6b – Ethics in Business"

CSME – Nov 2019 – L2 – Q6a – Strategic Planning Process

Defines business strategy and highlights key questions that a five-year business strategy must answer.

You're reporting an error for "CSME – Nov 2019 – L2 – Q6a – Strategic Planning Process"

CSME – Nov 2019 – L2 – Q5b – Corporate Governance

Analyzes the alternative types of board structures and provides arguments for the most viable option.

You're reporting an error for "CSME – Nov 2019 – L2 – Q5b – Corporate Governance"

CSME – Nov 2019 – L2 – Q5a – Risk Management and Corporate Strategy

Outlines a presentation on the functions and determinants of the efficiency of a risk manager.

You're reporting an error for "CSME – Nov 2019 – L2 – Q5a – Risk Management and Corporate Strategy"

CSME – Nov 2019 – L2 – Q4c – Corporate Social Responsibility (CSR)

Explores the concept of social ecology and its impact on corporate social responsibility.

You're reporting an error for "CSME – Nov 2019 – L2 – Q4c – Corporate Social Responsibility (CSR)"

CSME – Nov 2019 – L2 – Q4b – Corporate Social Responsibility (CSR)

Explores the concept of carbon neutrality and its application to corporate operations.

You're reporting an error for "CSME – Nov 2019 – L2 – Q4b – Corporate Social Responsibility (CSR)"

CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)

Discusses the environmental and social impacts created by organizations in their pursuit of economic wealth.

You're reporting an error for "CSME – Nov 2019 – L2 – Q4a – Corporate Social Responsibility (CSR)"

CSME – Nov 2019 – L2 – Q3b – Ethical Issues in Corporate Governance

Discusses the application of six principles of the Nolan Committee in public finance management.

You're reporting an error for "CSME – Nov 2019 – L2 – Q3b – Ethical Issues in Corporate Governance"

CSME – Nov 2019 – L2 – Q3a – Corporate Governance

Discusses basic concepts that are essential for good corporate governance and their relation to governance practices.

You're reporting an error for "CSME – Nov 2019 – L2 – Q3a – Corporate Governance"

BL – Nov 2019 – L1 – SB – Q1c – Company Law

Explanation of circumstances that may disqualify a director from office.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q1c – Company Law"

BL – Nov 2019 – L1 – SB – Q1b – Partnership Law

Advising on the legal issues of partner liability in a firm suffering loss, and a partner's move for dissolution.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q1b – Partnership Law"

BL – Nov 2019 – L1 – SB – Q1a – Sources of Nigerian Law

Explains the validity tests that customary law must pass to be enforceable in Nigeria.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q1a – Sources of Nigerian Law"

BL – Nov 2019 – L1 – SA – Q20 – Alternative Dispute Resolution

Identifies the term used for the decision of an arbitration panel in ADR.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q20 – Alternative Dispute Resolution"

BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts

Identifies the persons named in a will to administer the testator's estate.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q19 – Law of Trusts"

BL – Nov 2019 – L1 – SA – Q18 – Employment Law

Identifies the correct term for cessation of employment due to excess manpower.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q18 – Employment Law"

BL – Nov 2019 – L1 – SA – Q17 – Negotiable Instruments

Identifies the requirement for a bill of exchange to be negotiable in addition to delivery.

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BL – Nov 2019 – L1 – SA – Q16 – The Nigerian Legal System

Identifies the type of insurance contract where subrogation is not applicable.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q16 – The Nigerian Legal System"

BL – Nov 2019 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions

Identifies when a third party acquires good title in a hire purchase contract.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q15 – Hire Purchase and Consumer Credit Transactions"

BL – Nov 2019 – L1 – SA – Q14 – Sale of Goods

Identifies an exception to the application of the nemo dat rule under sale of goods law.

You're reporting an error for "BL – Nov 2019 – L1 – SA – Q14 – Sale of Goods"

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