• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answers must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism.
• Submissions without this cover page will NOT be accepted.

Q1. Examine with suitable examples, how Vision and Mission statement influence the organizations decision making process? Also provide vision and mission statement of any two Saudi companies. (1.5 Marks)

Answer:

Q2. The following data has been taken from the records of ABC Company for the year 2015: (1 Marks)

Month	Units Produced	Total Cost (SAR)
January	3,500	35,500
February	3,750	35,750
March	4,000	36,000
April	4,250	36,250
May	4,500	38,000
June	4,750	43,000
July	2,750	32,000
August	3,250	32,500

Required:

Using the high-low method of analysis, find out variable cost, fixed cost and determine a cost function.

Answer: