August 26, 2021

Important to estimate National Income of a Country

Why is it important to estimate National Income of a Country? What difficulties do economists encounter while carrying out such a task particularly in developing countries?
August 26, 2021

Tax implications of independent transactions

Discuss the tax implications of the following independent transactions: (i) 16% VAT paid on a new factory building constructed on behalf of Wema Ltd. VAT of […]
August 26, 2021

Inspection and monitoring of quality control

Inspection and monitoring of quality control by a firm of auditors involves both inhouse and external procedures. The internal procedures include the post-audit review, sometimes known […]
August 25, 2021

The project network, critical path and expected project duration

Interlink Services Ltd. (ISL) are in the process of introducing a new service. The technical services manager has listed following activities, their predecessors and associated costs: […]
August 25, 2021

Approaches used in measuring the national income

Discuss the three approaches used in measuring the national income of a country and show why they give the same estimate.
August 25, 2021

An Utopian‟ economy

Assume the following information represents the National Income Model of an „Utopian‟ economy. Y = C + I + G C = a + b(Y – […]
August 25, 2021

Using one strategy some of the time and the other strategy the rest of the time

Joseph and Anne can use one strategy some of the time and the other strategy the rest of the time. Consider the following case of player […]
August 25, 2021

Game theory

(a) In the context of game theory, explain the following statement: “winning isn’t everything; it is the only thing” (5 marks) (b) The optimal solution of […]
August 25, 2021

Internal control system

a) Give a definition of an “internal control system”. (4 marks) b) Describe the internal control procedures you would recommend to the owner of a medium […]
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