August 13, 2021

The property of convexity to the origin of an indifference curve

(a) (i) Define an indifference curve (2 marks) (ii) Illustrate and clearly explain the nature of indifference curves for perfect substitutes and for complementary goods (7 […]
August 13, 2021

Uses of indifference curve analysis

(i) Briefly explain two exceptions to the definition of an indifference curve. (4 marks) (ii) Explain any four uses of indifference curve analysis. (8 marks)
August 13, 2021

Indifference curve

(i) What is an indifference curve? (3 marks) (ii) Explain the main characteristics of indifference curves (12 marks)
August 13, 2021

The technical coefficient matrix

A small economy has three main industries which are steel, motor vehicles and construction. The industries are interdependent. Each unit of steel output requires 0.2 units […]
August 13, 2021

Examples of key control questions

List and explain six examples of key control questions that would be suitable for inclusion in an ICEQ for a wages accounting system.
August 13, 2021

Internal Control Evaluation Questionnaire (ICEQ) and Internal Control Questionnaire (ICQ)

Explain how an Internal Control Evaluation Questionnaire (ICEQ) differs from an Internal Control Questionnaire (ICQ).
August 13, 2021

Flowchart to record an accounting system

Give and explain four merits and four demerits of using a flowchart to record an accounting system. (20 marks)
August 13, 2021

Input-output analysis

(a) Define the following terms as used in input-output analysis: (i) Transactions table. (3 marks) (ii) Primary inputs (3 marks) (iii) Technical coefficients. (3 marks) (b) […]
August 12, 2021

Project duration

Lilian is the project manager of J Construction Company. The Company is bidding on a contract to install telephone lines in a small town. It has […]
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