NOV 2019 – Page 12

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 – SA – Q3 -Introduction to Law

Identifying the fundamental assumptions in the preparation of financial statements

Question

Question:
Which of the following combinations of accounting concepts are the fundamental assumptions in the preparation of financial statements?
A. Accrual and double entry
B. Going concern and entity
C. Materiality and consistency
D. Accrual and going concern
E. Going concern and offsetting

Answer

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Tags: Accounting Concepts, Financial Statements, Fundamental Assumptions
Level: Level 1

Topic: Introduction to Law
Series: NOV 2019

BL – Nov 2019 – L1 – SA – Q1 – Sale of Goods

Identifying the document a supplier sends to correct an understated invoice

Question

Which of the following documents will a supplier send to a customer whose invoice was understated?
A. Pro-forma invoice
B. Debit note
C. Credit note
D. Statement of account
E. Cheque stub

Answer

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Tags: Customer, Documents, Invoice, Supplier
Level: Level 1

Topic: Sale of Goods
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q6 – Investment Decisions

State decision rules for ARR and Payback Period and appraise a project using NPV.

Question

(a) State the decision rules of the following investment appraisal techniques:

i. Accounting rate of return (2 Marks)
ii. Payback period (3 Marks)

(b) Fatfelic Ltd is considering a project with the following cash flows:

Year	Cost of Plant (N)	Running Costs (N)	Savings (N)
2020	(1,280,000)
2021		480,000	840,000
2022		550,000	980,000
2023		670,000	1,120,000
2024		890,000	1,400,000

Fatfelic Ltd’s cost of capital is 10%.

Required:
i. Appraise the viability of the proposed project using the Net Present Value (NPV) method of investment appraisal.
ii. State with reasons if the project is worthwhile. (15 Marks)

Answer

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Tags: ARR, Investment Appraisal, NPV, Payback Period
Level: Level 1

Topic: Investment Decisions
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets

State and explain three approaches to measuring and evaluating team performance.

Question

(c) Measuring and evaluating team performance is essential, especially in a system that rewards success.
State the THREE basic approaches to measuring and evaluating team performance and explain any TWO of the approaches. (6 Marks)

Answer

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Tags: Effectiveness, Evaluation, Measurement, Team Performance
Level: Level 1

Topic: Basics of Business Finance and Financial Markets
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q5a, b – Communications in Business

Identify and explain key elements of business communication and state listening skills.

Question

(a) Identify and explain the key elements of business communication. (9 Marks)

(b) State FIVE listening skills that can aid effective oral and face-to-face communication. (5 Marks)

Answer

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Tags: Business Communication, Interpersonal Skills, Listening Skills
Level: Level 1

Topic: Communications in Business
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q4b – Business and Organizational Structures and Choices

State and explain Stewart's reasons for the growth of bureaucracy.

Question

b) State and explain the reasons for growth of bureaucracy as suggested by Stewart. (10 Marks

Answer

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Tags: Bureaucracy, Growth of Bureaucracy, Organisational Structure
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q4a – Management, Individual, and Organisational Behaviour

State and explain Lyndall Urwick's ten principles of management.

Question

(a) According to management theory, an organisation is built on ten principles. State and explain these TEN principles as propounded by Lyndall Urwick. (10 Marks)

Answer

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Tags: Lyndall Urwick, Management, Organisational Theory
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q3 – The Role of Professional Accountants in Business and Society

Explain the term "Corporate code of ethics" and discuss ways to deal with stakeholders and benefits of code of ethics.

Question

(a) Explain the term ‘Corporate code of ethics’ and state the contents thereof. (5 Marks)

(b) The code of conduct recommends the way each stakeholder group might be treated ethically. Explain briefly TWO ways of dealing with employees, customers, and competitors ethically. (6 Marks)

(c) State the THREE main benefits of a corporate code of ethics. (9 Marks

Answer

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Tags: Corporate Code of Ethics, Ethics, Stakeholder Management
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q2b – Investment Decisions

Explain limitations of financial objectives and ways to assess performance.

Question

(b) THREE commonly-used financial objectives of a firm are to maximise shareholders’ wealth, profitability, and growth in earnings per share. However, these three objectives have some limitations hence the saying ‘no financial target on its own is ideal’.

(i) Explain the limitations of these THREE financial objectives of the firm. (6 Marks)
(ii) State and explain THREE ways by which financial performance of a firm might be assessed. (6 Marks)

Answer

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Tags: Financial objectives, Growth in Earnings, Performance Assessment, Profitability
Level: Level 1

Topic: Investment Decisions
Series: NOV 2019

BMF – Nov 2019 – L1 – SB – Q2a – Basic Management Functions

Identify and explain the four steps of the initial stage of strategy formulation and implementation.

Question

A corporate objective is a purpose or aim that a company is trying to achieve.
Identify and explain the FOUR steps of the initial stage in an extensive process of strategy formulation and implementation. (8 Marks)

Answer

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Tags: Corporate Objectives, Strategic Planning, Strategy Formulation
Level: Level 1

Topic: Basic Management Functions
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 – SA – Q3 -Introduction to Law

Identifying the fundamental assumptions in the preparation of financial statements

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BL – Nov 2019 – L1 – SA – Q1 – Sale of Goods

Identifying the document a supplier sends to correct an understated invoice

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BMF – Nov 2019 – L1 – SB – Q6 – Investment Decisions

State decision rules for ARR and Payback Period and appraise a project using NPV.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q6 – Investment Decisions"

BMF – Nov 2019 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets

State and explain three approaches to measuring and evaluating team performance.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q5c – Basics of Business Finance and Financial Markets"

BMF – Nov 2019 – L1 – SB – Q5a, b – Communications in Business

Identify and explain key elements of business communication and state listening skills.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q5a, b – Communications in Business"

BMF – Nov 2019 – L1 – SB – Q4b – Business and Organizational Structures and Choices

State and explain Stewart's reasons for the growth of bureaucracy.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q4b – Business and Organizational Structures and Choices"

BMF – Nov 2019 – L1 – SB – Q4a – Management, Individual, and Organisational Behaviour

State and explain Lyndall Urwick's ten principles of management.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q4a – Management, Individual, and Organisational Behaviour"

BMF – Nov 2019 – L1 – SB – Q3 – The Role of Professional Accountants in Business and Society

Explain the term "Corporate code of ethics" and discuss ways to deal with stakeholders and benefits of code of ethics.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q3 – The Role of Professional Accountants in Business and Society"

BMF – Nov 2019 – L1 – SB – Q2b – Investment Decisions

Explain limitations of financial objectives and ways to assess performance.

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BMF – Nov 2019 – L1 – SB – Q2a – Basic Management Functions

Identify and explain the four steps of the initial stage of strategy formulation and implementation.

You're reporting an error for "BMF – Nov 2019 – L1 – SB – Q2a – Basic Management Functions"

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