Regarding the control process, what is measured is ______________ than how we measure
A.less important
B.equally important
C.much less important
D.more important
E.five times more important
A.less important
B.equally important
C.much less important
D.more important
E.five times more important
Which of the following constitute Juran's "quality trilogy":
A . planning, inspection, control.
B . planning, improvement, control.
C . planning, organization, control.
D . product, price, customer.
E . design, build, deliver.
Regarding the future of the EU, the author seems to feel_________.
A.pessimistic
B.desperate
C.conceited
D.hopeful
(ii) the strategy of the business regarding its treasury policies. (3 marks)
(Marks will be awarded in part (b) for the identification and discussion of relevant points and for the style. of the
report.)
(b) Discuss the key issues which the statement of cash flows highlights regarding the cash flow of the company.
(10 marks)
Which of the statements regarding benefit-cost analysis in the Special window are true?
A . 1 and 2
B . 2 and 3
C . 1 and 3
D . 1, 2 and 3
E . None of the above.
(c) State any reliefs Bob could claim regarding the fall in value of his shares in Willis Ltd, and describe how the
operation of any such reliefs could reduce Bob’s taxable income. (4 marks)
Relevant retail price index figures are:
September 1990 129·3
April 1998 162·6
December 2004 189·9
Required:
(iii) A firm of consultants has offered to undertake a study on behalf of Envico Ltd which will provide perfect
information regarding seminar attendance during the forthcoming year.
Advise the management of Envico Ltd with regard to the maximum amount that they should pay to
consultants for perfect information regarding seminar attendance and comment briefly on the use of
perfect information in such decisions. (5 marks)
(c) You have been making preliminary inquiries regarding matters arising from the previous year’s audit of Di Rollo.
It has been revealed that no action has been taken in response to the management letter prepared by the previous
auditors. Di Rollo’s management has explained that this was because it was ‘poorly prepared’ and ‘unhelpful’.
Required:
Briefly describe various criteria against which the effectiveness of a management letter may be assessed.
(7 marks)
(1) It is useful if significant economies of scale can be achieved
(2) It is useful if demand for a product is highly elastic
A.1 only
B.2 only
C.Neither 1 nor 2
D.Both 1 and 2
(a) In relation to the law of contract, define and explain consideration. (3 marks)
(b) Explain the following statements regarding consideration:
(i) consideration must be sufficient but does not have to be adequate; (3 marks)
(ii) past consideration is not good consideration. (4 marks)