(a) State the law of diminishing marginal utility (3 marks) (b) If Mrs Breader views butter and margarine as perfect substitutes, draw a set of indifference […]

You have received a request form XYZ Ltd. to accept an appointment as their auditor for the financial year ending 31 December 2001. Required: a) Explain […]

In a recent research survey by Intelligence Consultants on the use of the services of auditing firms by various Non Governmental Organisations (NGOs) in Kenya, the […]

Using the cardinalist approach of consumer behaviour, distinguish between income and substitution effects of a price rise for a normal good (10 marks)

Central and Eastern Industries is planning to introduce a new mobile phone service. To do so, the following activities are necessary: Activity Preceding Activity Expected Time […]

You have been appointed the auditor of United Millers Company Limited, a medium manufacturing company which is quoted on the stock exchange. Required: a) List the […]

A charity is about to launch an appeal for a children’s ward in a national hospital and has to choose between the following fund raising strategies. […]

A student team was planning strategy for a management game being played in one of their classes. They had to decide whether to price their firm’s […]

The probability distribution showing the number of hours a specially trained accounts clerk is required to work daily is as follows: Hours Frequency 0 0.4 1 […]