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Ceo should posses relevant experience qualifivayion. He should be able to run the company effectively and effeciently. As dr ranjana has no experience and relevent qualification I would personally say that her appointment as ceo will not be desirable if her appointment takes place as ceo this would possibly affect the company performance so better not to appoint her as ceo.
Guys, really nice to see others’ general comments! Especially others’ relevant points! There was plenty of ideas..
I attemplet Q2 and Q4.
I like Q2 question.
Characteristics that identify public sector in that school – funds from government, programme from governmnent, control by government, school’s goal not for profit but for education services.Q4 – IC:
there will always be residual risk, companies have to bear risk if they want profits, research&development are also risk, overriding of controls, risks out of control by entity (hurricanes, tornados).
But forgot about non-routine transactions! 🙁 What a shame!Q1 – I defined corruption as bribing culture in the country. Applicated to case – while bribing, poor quality of building was achieved. Then, bribing again, non-checking of exploitation was achieved (too much employees, no exits)
Exchange risk – adverse changes in currency rates (could be higher cost of inputs from suppliers, could be lower cost for customers).
Supply risk – loss of shortages in supplies, loss of reputation while cooperating with “wrong” suppliers.
International political risk – changes in law/regulations may require higher standards, thus costs could be increased. Strikes, war – could influence the whole international supply change.(Q4) By the way, CPD – it’s what is waiting for us when students become members 🙂
It was an okay paper, easier than I thought it would as I did not prepare too well, good thing about the paper is if you read Internal controls and Internal audit (Chapter 8 & 9), Corruption (I think Chapter 13) and chapter 1, 3 & 13 you are sure of passing.
What I am scared of is the marking scheme, does the way your English language is structured matter?
Question 1 was okay, did the Stakeholder claim, Corruption and risks part very well, but the press statements part with Integrated reporting and corporate citizen was not done well,
Question 3 and 4 was really cool with Internal control, Internal Audit, CPD and roles of CEO as regards the scenario.Hope what I did is good enough to pass so we wait till Feb then.
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