[nickg2004]

@wingman0401 said:
What did everyone go with on the security of data?

I said it was three of the four, excluding segregation of duties. In my mind, the more people that have access, the less safe it is…

That was my logic behind it anyway.

I went with that initially but crossed it out and went with just the first two, thinking that an internet usage policy isn’t a control as there is no control over it, it can simply guide people or coerce people into safer online usage. I hate ambiguous MCQs, at least in a written question you can justify your answer and argue your case…

[nickg2004]

@wingman0401 said:
The patent cost was $200,000 and cost $500,000 to get the contract started.

I used only two lots of $200,000 as it seemed unfair to assign costs that wouldn’t be related to that product.

The question stated that the company was going to continue making even better shoes, so I figured using all 10 years on just that one product was incorrect. Happy (ish) to be proven wrong, though,

I only attributed one years renewal as it would only have had to have been renewed once in 2 years

[nickg2004]

@flapper84 said:
Anyone able to confirm the answer to the learning curve MCQ?

I got 2. something, can’t remember the exact answer but it was the only one above 2

[nickg2004]

The multiple choice questions felt a lot harder than all the past papers I’d done.

Q1 – I think the point was you couldn’t solve it using algebraic methods, as part b stated. I hope it was easy as I found it to be otherwise I went completely wrong! Calculating the profit that could be achieved at each batch level, so that no profit could be made by buying and selling one batch, a loss was made selling 2 batches and the optimum batches was 4.
For part b) I said the reason it couldn’t be solved by algebra was that a value for b couldn’t be found as there was no linear relationship between the change in price and quantity demanded. The change in quantity demanded was always 1000 but to begin with this was brought about by a change in price of $2, then $3 and finally $1.

The question on ROI I messed up completely, ended up with a figure of 0.3% or something like that. I had never seen a question on ROI with so much emphasis on depreciation and I couldn’t think whether or not depreciation should be included in the calculations, in the end I did include it which probably ended up with some completely wrong figures!

Everything else felt ok to me. Not sure if anyone else did but I amortized the cost of the patent acquisition and applied a 2 year value to the calculation as it didn’t say that the product only had a 2 year life cycle so it would seem unfair to base a profit calculation for 2 years on the assumption that those first two years absorbed all of the costs of the patent when future years profits would benefit from them for nothing. I subtracted the lawyers fees from the total and then divided by the years as this was an unavoidable cost.

In the variance question I didn’t factor in any overtime into my calculations as although it made a point of stating the overtime rate, it never said if any overtime was actually worked or at what level overtime would start and therefore left it impossible to tell exactly how much overtime would have been worked.

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