NOV 2019 – Page 14

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

BMF – Nov 2019 – L1 – SA – Q12 – Basics of Business Finance and Financial Markets

Calculating the annual compound interest rate from accumulated savings

Question

Suppose Bonde invested N240,000 in a savings account that paid interest twice in a year. After 8 years, the money had accumulated to N380,980. What was the annual compound interest rate?
A. 3.64%
B. 4.75%
C. 5.86%
D. 6.65%
E. 6.76%

Answer

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Tags: Compound Interest, Investment Calculation
Level: Level 1

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

BMF – Nov 2019 – L1 – SA – Q11 -Basics of Business Finance and Financial Markets

Calculating the compound amount for a deposit using compound interest

Question

Suppose N1 million is deposited in a money deposit bank that is paying 7.5% interest per annum compounded annually. What will be the compound amount at the end of the third year?
A. N1,242,300
B. N1,243,400
C. N1,344,500
D. N1,345,600
E. N1,446,700

Answer

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Tags: Compound Interest, Investment Calculation
Level: Level 1

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

BMF – Nov 2019 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculating the interest due on a loan using simple interest

Question

Jeta borrowed N800,000 at 6% simple interest for 7 months. What is the value of interest due at the end of the period?
A. N25,000
B. N26,000
C. N27,000
D. N28,000
E. N29,000

Answer

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Tags: Loan Calculation, Simple Interest
Level: Level 1

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

BMF – Nov 2019 – L1 – SA – Q9 – Basic Management Functions

Identifying a true characteristic of a leader

Question

Which of the following is true of a leader?
A. Maintenance
B. Obedience
C. Administration
D. Reliance on control
E. Focusing on systems and structures

Answer

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Tags: Leadership, Leadership Qualities, Management
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2019

BMF – Nov 2019 – L1 – SA – Q8 – Basic Management Functions

Identifying a function that is not within the typical scope of a supervisor's responsibilities

Question

Which of the following is outside the scope of the functions of a supervisor?
A. Empowering staff
B. Front line management
C. Administrative management
D. Staff development and training
E. Conceptualise corporate strategy

Answer

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Tags: Functions of a Supervisor, Management Roles, Supervision
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2019

BMF – Nov 2019 – L1 – SA – Q7 – The Role of Professional Accountants in Business and Society

Identifying the principle that is not a fundamental requirement for professional accountants

Question

Professional accountants are required to comply with the following fundamental principles EXCEPT:
A. Integrity
B. Efficiency
C. Objectivity
D. Competence
E. Confidentiality

Answer

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Tags: Accounting principles, Professional Ethics
Level: Level 1

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

BMF – Nov 2019 – L1 – SA – Q6 – Business and Organizational Structures and Choices

Identifying types of business entity classifications in the market

Question

A business entity can be classified as any of the following in its market EXCEPT:
A. Nicher
B. Leader
C. Follower
D. Prospect
E. Challenger

Answer

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Tags: Business Strategy, Market Classification, Market Leadership
Level: Level 1

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

BMF – Nov 2019 – L1 – SA – Q5 Basics of Business Finance and Financial Markets-

Identifying an incorrect function of the treasury department

Question

The functions of the treasury department include the following EXCEPT:
A. Managing cash flow
B. Budgeting and forecasting
C. Investment management
D. External auditing
E. Risk management

Answer

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Tags: Financial management, Treasury Functions
Level: Level 1

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

BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

Question

Which of the following is NOT a reason government has interest in all business organizations?
A. To ensure compliance with legal regulations
B. To collect taxes from profits
C. To reduce monopolistic practices
D. To maximize its own profits
E. To protect consumer rights

Answer

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Tags: Business Organizations, Government Interest, Government Regulations
Level: Level 1

Topic: The Business Environment
Series: NOV 2019

BMF – Nov 2019 – L1 – SA – Q3 Management, Individual, and Organizational Behaviour-

Identifying theorists associated with classical theories of management

Question

‘Classical’ theories of organization and management are associated with the following theorists EXCEPT:
A. Max Weber
B. Frederick Taylor
C. Elton Mayo
D. Henri Fayol
E. Mary Parker Follett

Answer

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Tags: Classical Management, Organizational Theories, Theorists
Level: Level 1

Topic: Management, Individual, and Organizational Behavior
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"

BMF – Nov 2019 – L1 – SA – Q12 – Basics of Business Finance and Financial Markets

Calculating the annual compound interest rate from accumulated savings

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BMF – Nov 2019 – L1 – SA – Q11 -Basics of Business Finance and Financial Markets

Calculating the compound amount for a deposit using compound interest

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q11 -Basics of Business Finance and Financial Markets"

BMF – Nov 2019 – L1 – SA – Q10 – Basics of Business Finance and Financial Markets

Calculating the interest due on a loan using simple interest

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BMF – Nov 2019 – L1 – SA – Q9 – Basic Management Functions

Identifying a true characteristic of a leader

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BMF – Nov 2019 – L1 – SA – Q8 – Basic Management Functions

Identifying a function that is not within the typical scope of a supervisor's responsibilities

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BMF – Nov 2019 – L1 – SA – Q7 – The Role of Professional Accountants in Business and Society

Identifying the principle that is not a fundamental requirement for professional accountants

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q7 – The Role of Professional Accountants in Business and Society"

BMF – Nov 2019 – L1 – SA – Q6 – Business and Organizational Structures and Choices

Identifying types of business entity classifications in the market

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q6 – Business and Organizational Structures and Choices"

BMF – Nov 2019 – L1 – SA – Q5 Basics of Business Finance and Financial Markets-

Identifying an incorrect function of the treasury department

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q5 Basics of Business Finance and Financial Markets-"

BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment

Identifying a reason why government may not have an interest in business organizations

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q4 – The Business Environment"

BMF – Nov 2019 – L1 – SA – Q3 Management, Individual, and Organizational Behaviour-

Identifying theorists associated with classical theories of management

You're reporting an error for "BMF – Nov 2019 – L1 – SA – Q3 Management, Individual, and Organizational Behaviour-"

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