NOV 2019 – Page 9

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 – Q4d – Company Law

Explanation of factors necessary for claiming contribution in multiple insurance policies.

Question

Multiple insurance is an allowable practice under insurance law.
Required:
Explain briefly THREE essential factors necessary to claim contribution by an insurance company. (6 Marks)

Answer

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Tags: Claims, Contribution, Insurance Law, Multiple insurance
Level: Level 1

Topic: Company Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q4c – Agency Law

Circumstances under which an agency may be terminated by operation of law.

Question

Agency may be terminated by acts of the parties.
Required:
State SIX circumstances under which agency may be terminated by operation of the law. (6 Marks)

Answer

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Tags: Agency Law, Operation of Law, Termination of Agency
Level: Level 1

Topic: Agency Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q4b – Introduction to Law

Classification of gratification in relation to bribery and corruption, with examples.

Question

Bribery is an offence of official corruption in public office.
Required:
State and explain briefly ONE broad classification of “Gratification”, citing TWO examples. (4 Marks)

Answer

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Tags: Bribery, Corruption, Gratification, Public office
Level: Level 1

Topic: Introduction to Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q4a Contract Law

Conditions under which a company may be placed in receivership.

Question

An insolvent company has several alternatives to liquidation.
Required:
State FOUR conditions under which a company may be placed in receivership. (4 Marks)

Answer

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Tags: Company Law, Insolvency, Liquidation, Receivership
Level: Level 1

Topic: Contract Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q3c – Law of Contract

Contract law, Frustration, Natural events, Performance of contract

Question

Chief Wadada, a very prosperous trader, recently completed the construction of a mansion in his village and intends to have the house-warming ceremony on New Year’s day. He contracted Exclusive Décor Enterprises to do the interior decoration of the mansion, which must be completed not later than a week before the house-warming.

Exclusive Décor Enterprises moved all the required materials to site on schedule, but a heavy rainstorm ravaged the whole village, flooded the mansion, and destroyed all the materials on site. The decoration could no longer be done until after the New Year’s day when the flood would have receded. Chief Wadada canceled the contract and refused to pay the contract sum demanded by Exclusive Décor Enterprises, who intends to make a claim in court for the payment of the contract sum.

Required:
Advise Exclusive Décor Enterprises, stating the legal issues involved. (8 Marks)

Answer

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Tags: Contract Law, Frustration, Natural events, Performance of contract
Level: Level 1

Topic: Law of Contract
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q3b Business Ethics and Corporate Governance-

Identifying the factors that influence ethical behavior in a business environment.

Question

Business ethics is concerned with what is right or wrong practice in the business environment.
Required:
State FOUR factors that influence individual ethical behavior in a business environment. (4 Marks)

Answer

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Tags: Business Environment, Ethical behavior, Factors, usiness ethics
Level: Level 1

Topic: Business Ethics and Corporate Governance
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q3a – Company Law

Legal advice on the entitlement of a director to remuneration and reimbursement in the absence of an agreement.

Question

Bala and Yesufu are joint directors and shareholders of YEBA Limited, which was incorporated in 2015. Yesufu was appointed the Managing Director, and Bala, the Operations Director. The Articles of Association of YEBA Limited were silent on directors’ remuneration, and there was no written agreement to pay remuneration to the directors of the company.

Bala had attended several board meetings from 2015 to 2017, travelling from Abuja to Lagos at his own expense. In 2018, Bala wrote to YEBA Limited through Yesufu, claiming N2 million annual director’s remuneration for years 2015 to 2017, as well as a total sum of N2 million reimbursement of his travelling expenses for the same period.

YEBA Limited has refused to pay both claims, insisting that there is no agreement for such payments to be made to the directors of the company. Bala is aggrieved and intends to take legal action against YEBA Limited.

Required:
Advise Bala, stating the legal issues involved.

(8 Marks)

Answer

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Tags: Articles of Association, Company Law, Director Remuneration, Reimbursement
Level: Level 1

Topic: Company Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q2c -Law of Contract

Explanation of frustration in contract law and its causes.

Question

Under law of contracts, a contract may be discharged in various ways.
Required:

i. Explain “Frustration” briefly under the law of contracts. (3 Marks)

ii. State causes of frustration of contract. (5 Marks)

Answer

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Tags: Causes of frustration, Contract Law, Discharge of contract, Frustration
Level: Level 1

Topic: Law of Contract
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q2b – Partnership Law

Explaining the order of applying firm’s properties upon the dissolution of a partnership.

Question

Partnership can be dissolved by the partners for various reasons and also by court order.
Required:
Explain briefly the order of application of the firm’s properties upon dissolution of a partnership. (6 Marks)

Answer

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Tags: Dissolution, Firm’s properties, Order of application, Partnership
Level: Level 1

Topic: Partnership Law
Series: NOV 2019

BL – Nov 2019 – L1 – SB – Q2a – Introduction to Law

Differentiating criminal law and civil law in the legal system.

Question

Criminal law and civil law are differentiated in the legal system.
Required:
Explain briefly THREE differences between criminal law and civil law. (6 Marks)

Answer

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Tags: Civil Law, Criminal Law, Legal System
Level: Level 1

Topic: Introduction to Law
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 – Q4d – Company Law

Explanation of factors necessary for claiming contribution in multiple insurance policies.

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BL – Nov 2019 – L1 – SB – Q4c – Agency Law

Circumstances under which an agency may be terminated by operation of law.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q4c – Agency Law"

BL – Nov 2019 – L1 – SB – Q4b – Introduction to Law

Classification of gratification in relation to bribery and corruption, with examples.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q4b – Introduction to Law"

BL – Nov 2019 – L1 – SB – Q4a Contract Law

Conditions under which a company may be placed in receivership.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q4a Contract Law"

BL – Nov 2019 – L1 – SB – Q3c – Law of Contract

Contract law, Frustration, Natural events, Performance of contract

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q3c – Law of Contract"

BL – Nov 2019 – L1 – SB – Q3b Business Ethics and Corporate Governance-

Identifying the factors that influence ethical behavior in a business environment.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q3b Business Ethics and Corporate Governance-"

BL – Nov 2019 – L1 – SB – Q3a – Company Law

Legal advice on the entitlement of a director to remuneration and reimbursement in the absence of an agreement.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q3a – Company Law"

BL – Nov 2019 – L1 – SB – Q2c -Law of Contract

Explanation of frustration in contract law and its causes.

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BL – Nov 2019 – L1 – SB – Q2b – Partnership Law

Explaining the order of applying firm’s properties upon the dissolution of a partnership.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q2b – Partnership Law"

BL – Nov 2019 – L1 – SB – Q2a – Introduction to Law

Differentiating criminal law and civil law in the legal system.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q2a – Introduction to Law"

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