Forums › ACCA Forums › General ACCA Forums › P1 past paper question 1d(ii) – WORLDWIDE MINERALS
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tinee405.
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- November 5, 2013 at 1:47 pm #144615
Hi
Ive tried this question but my answers are not the same as examiners model answer. This part i have answered as follows:
* provide training and development to increase skills and competency of the geologists and mineral scientists so in the future will be able to provide an estimate of future mines not depending on the local information. Therefore this can avoid future overestimation
*not to agree on the price to be paid for the mine before extraction has been completed, this is to ensure correct estimate of price paid for the mine therefore overestimation can be avoided
*make an agreement with the mine supplier should the mine size is smaller than quoted size, a refund shall be paid back to WM equivalent to any differences after extractionof mine is completed, this is to ensure no financial loss to WM
is this acceptable as answer am i going in the rite direction? Tq
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