问答题In relation to the law of professional negligence, analyse the duty of care of company auditors. (10 marks)
问答题(b) legislation, including delegated legislation. (4 marks)
问答题(b) volenti non fit injuria. (5 marks)
问答题(b) the duty to exercise reasonable skill, care and diligence; (4 marks)
问答题2.Food Shop sent a fax to Sanyi Farm to inquire about the price of tomatoes as follows: ‘100,000 kg of tomatoes isurgently needed. Reply as soon as possible.’
Upon receipt of the fax, Sanyi Farm shipped 100,000 kg of tomatoes to Food Shop. The latter took delivery of thegoods without any objection. On selling the goods Food Shop found that the quality of tomatoes did not meet thestandard required and had to sell the goods at a 20% discount. Food Shop considered that there was no contractbetween the two parties, since its fax to Sanyi Farm did not contain the price, which was one of the essential factorsto be an effective offer.
Required:
In accordance with the Contract Law:
问答题(c) discuss the extent of an agent’s authority. (5 marks)
问答题(b) any potential legal liability in regard to the dividend payment. (4 marks)
问答题In relation to the law of contract, discuss the different ways of discharging a contract. (10 marks)
问答题In relation to the law of partnership, describe the essentials of a partnership. (10 marks)
单选题Which of the following is an external source of information?
单选题A linear programming model has been formulated for two products, X and Y. The objective function is depicted by the formula C = 5X + 6Y, where C = contribution, X = the number of product X to be produced and Y = the number of product Y to be produced.
Each unit of X uses 2 kg of material Z and each unit of Y uses 3 kg of material Z. The standard cost of material Z is $2 per kg.
The shadow price for material Z has been worked out and found to be $2·80 per kg.
If an extra 20 kg of material Z becomes available at $2 per kg, what will the maximum increase in contribution be?
单选题DustCohastwodivisions,AandB.Eachdivisioniscurrentlyconsideringthefollowingseparateprojects:Ifresidualincomeisusedasthebasisfortheinvestmentdecision,whichDivision(s)wouldchoosetoinvestintheproject?
单选题Def Co provides accounting services to government departments. On average, each staff member works six chargeable hours per day, with the rest of their working day being spent on non-chargeable administrative work. One of the company’s main objectives is to produce a high level of quality and customer satisfaction.
Def Co has set its targets for the next year as follows:
(1) Cutting departmental expenditure by 5%
(2) Increasing the number of chargeable hours handled by advisers to 6·2 per day
(3) Obtaining a score of 4·7 or above on customer satisfaction surveys
Which of the above targets assesses economy, efficiency and effectiveness at Def Co?
Economy Efficiency Effectiveness
单选题PlasBas Co uses recycled plastic to manufacture shopping baskets for local retailers
单选题The following statements have been made about planning and control as described in the three tiers of Robert Anthony’s decision-making hierarchy:
(1) Strategic planning is concerned with making decisions about the efficient and effective use of existing resources
(2) Operational control is about ensuring that specific tasks are carried out efficiently and effectively
Which of the above statements is/are true?
单选题A jewellery company makes rings (R) and necklaces (N)
单选题Product GX consists of a mix of three materials, J, K and L
单选题The following statements have been made about transaction processing systems and executive information systems:
(i)A transaction processing system collects and records the transactions of an organisation
(ii)An executive information system is a way of integrating the data from all operations within the organisation into a single system
Which of the above statements is/are true?
单选题What is the name given to a budget which has been prepared by building on a previous period’s budgeted or actual figures?
单选题When activity-based costing is used for environmental accounting, which statement is correct for environment-related costs and environment-driven costs?