Question: Feasibility study can be avoided when launching a business enterprise if one has a good business idea. Argue the validity of this statement. (5 marks)

  1. Feasibility study can be avoided when launching a business enterprise if one has a good business idea. Argue the validity of this statement. (5 marks)

  1. Contribution statement for Chiyeyeye furniture manufacturing Ltd

Product A(ZMW)

Product B(ZMW)

Sales

1000

500

Variable costs

600

300

Contribution

400

200

Fixed costs

200

200

Profit

Calculate

100

-
  1. Break-even point for each product
  2. Contribution ratio for each product
  3. Can you close product B and why? Explain (2 marks each= 6 marks)
  4. What is controlling as a management function and what systems are put in place as control systems? (5 marks)
  5. What is budgeting and what are the benefits of budgeting? (4 marks) Total mark 20

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