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QUESTION
(a) List the five elements of the purchasing mix.
(b) Describe briefly the four essential elements of a legally binding contract.
(c) Distinguish between performance and conformance specifications.
(d) Compare and contrast between bid security and performance security.
(e) Describe two methods used for pricing the issue of raw materials to production.
(f) Explain the importance of supplier appraisal.
(g) Explain briefly the Just in Time concept.
Internal capital rationing is used by firms for exercising financial control. How does a firm achieve this?
Milan Corporation is interested in buying a machine that will cost $50,000, and it will depreciate it on straight-line basis over a 5-year period. The machine is expected to last f
What risks are associated with direct foreign investment? How do these risks differ from those encountered in domestic investment?
Entity A is significantly smaller than B in terms of revenue and would not impact LOP's revenue to the same extent. However A earns a noticeably better gross profit margin at 26% a
Explain the terms- Stock and Share Stock Ownership of a company represented by shares that are a claim on the company's earnings and assets. Share Unit of equity
Why are most futures positions closed out through a reversing trade rather than held to delivery? Answer: In forward markets, almost 90% of all contracts that are basically es
JB has recently joined the Finance Department of P Company as a trainee management accountant. As part of the Company's induction, she has been offered a mentor. Though, since JB h
What is the Ratio uses To compare results over a period of time To measure performance against other organisations To compare results with a target To compare against
What role does depreciation play in calculating incremental cash flows? Depreciation expense is a tax deductible expense and hence influences cash flow by its effect on taxes.Dep
Drug companies are not forced to divulge all studies they performed to the FDA. Suppose a drug company knows that the drug has no effect and followed the strategy described in (b1)
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