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AUE 2601 Assignment 2 1. 1.1)Three procedures that Spencer Steward should have performed include the following,  Assess risk attached to each opening balance of account, for example non current assets balance.  Agree prior year closing balances through to current year opening balances  Review predecessors audit work papers or review the work of previous 1.2) Elements of a quality control for firms that perform audits are:  Audit firms must establish policies and procedures for...

QUESTION 8 The clinic in Thandiwe’s town encourages people to go for HIV counselling and testing (or HCT) and to disclose their status. What are the advantages of disclosing one’s HIV status? (a) It always reduces the stigma, discrimination and denial that surround HIV and Aids. (b) It helps other people to make the road to full disclosure – the ultimate purpose of HCT – more easily. (c) It gives people access to much needed medical and counselling services. (d) It can help the HI...

QUESTION 1 WHAT IS GLOBALISATION Globalisation is the catalyst for worldwide merging of economic and social forces, interests and commitments, values and tastes and challenges and opportunities Globalisation “refers both to the compression of the world and the intensification of consciousness of the world as a whole.” Globalisation is “a process that encompasses the causes, course and consequences of transnational and transcultural integration of human and non-human activities.” ...

This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the university before the due date. Answer all questions on a mark-reading sheet. 1. Which of the following are fully exogenous variables in the IS-LM model? 1. Level of output, interest rate, investment, consumption spending. 2. Government spending, taxation, money supply, marginal propensity to consume. 3. Interest rate, demand for money, supply of money. 4. Consumption spending, invest...

1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfare or wellbeing of the residents of a country. d. The main instrument of fiscal policy is the budget...

The money market is created by a financial relationship between suppliers and demanders of short-term funds (funds with maturities of one year or less). The money market exists because some individuals, businesses, governments, and financial institutions have temporarily idle funds that they wish to invest in a relatively safe, interest-bearing asset. The capital market is a market that enables suppliers and demanders of long-term funds to make transactions. Included are securities issues ...

MNB3701 ASSIGNMENT 2 UNIQUE NUMBER THE ROLE OF LOCAL FINANCIAL MARKET ON ECONOMIC GROWTH: A SAMPLE OF THREE AFRICAN ECONOMIC GROUPINGS TABLE OF CONTENTS 1. QUESTION 1: IDENTIFY AND CRITICALLY EVALUATE THE ROLES PLAYED BY LOCAL FINANCIAL MARKETS IN THE DETERMINATION OF A COUNTRY’S ECONOMIC GROWTH? MOTIVATE YOUR ANSWER WITHIN THE PURVIEW OF EMERGING AFRICAN COUNTRIES………………........1 2. QUESTION 2: HOW MUCH INFLUENCE DOES INFLATION HAVE ON CAPITAL BUDGETING? MOTIVATE YOUR ANS...

QUESTION 1 Differentiate between inter-item consistency and inter-scorer (rater) reliability. (5) INTER- ITEM INTER-SCORER Based on the consistency of ratings of a single rater. Based on the consistency of ratings between more than one rater. Inter -item are applicable to items that have a multiple- choice format. Inter-scorer is applicable to open-ended questions, projective techniques and individual intelligence tests Applicable to measures with highly standardised procedures for ...

QUESTION 1.1 Differentiate between the following terms/concepts a. Prospect and Probability Distribution • Prospect – A series of wealth outcomes, each of which is associated with a probability • Probability Distribution – A mathematical function that provides the probabilities of occurrence of different possible outcomes b. Utility Function and Expected Utility • Utility Function – A mathematical function which ranks alternatives according to utility to the individual • ...