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Question $1$

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Select the option that is similar to the yield to maturity $($YTM$)$ percentage used in determining the pre$-$tax cost of debt financing.

$($a$)$ The effective required return $($cost$)$ for equity instruments.

$($b$)$ The effective after$-$tax cost of debt financing.

$($c$)$ The internal rate of return $($IRR$),$ that will discount all cash flows to zero.

$($d$)$ The IRR that is based on the current market value of the of debt instruments and all future after$-$tax cash flows.

Select one:

a$.$

The IRR that is based on the current market value of the of debt instruments and all future after$-$tax cash flows.

b$.$

The effective after$-$tax cost of debt financing.

c$.$

The internal rate of return $($IRR$),$ that will discount all cash flows to zero.

d$.$

The effective required return $($cost$)$ for equity instruments.

Question $2$

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Select all the statements that are TRUE?

$(1)$ Globalisation has led to greater competition for services and products as well as international competition

$(2)$ The traditional overall objective of businesses was the long$-$term owner$/$investor value maximisation.

$(3)$ Corporate governance has resulted in the inclusion of sustainability information in annual reports.

$(4)$ The most appropriate way to report performance is the use of a mixture of financial$-$ and non$-$financial measures.

$($a$)$ Statements $(1),(2)$ and $(3)$

$($b$)$ Statements $(1)$ and $(2)$

$($c$)$ Statements $(1),(3)$ and $(4)$

$($d$)$ Statements $(1),(2),(3)$ and $(4)$

Select one:

a$.$

Statements $(1),(3)$ and $(4)$

b$.$

Statements $(1),(2),(3)$ and $(4)$

c$.$

Statements $(1)$ and $(2)$

d$.$

Statements $(1),(2)$ and $(3)$

Question $3$

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Which ONE of the following is NOT a strategic aim of corporate governance?

$($a$)$ To reduce costs within the organisation to boost short$-$term profitability.

$($b$)$ To improve investor confidence in the organisation.

$($c$)$ To increase the organisation$$s transparency to stakeholders.

$($d$)$ To ensure that the organisation abides with relevant laws and acts ethically.

Select one:

a$.$

To ensure that the organisation abides with relevant laws and acts ethically.

b$.$

To increase the organisation$$s transparency to stakeholders.

c$.$

To reduce costs within the organisation to boost short$-$term profitability.

d$.$

To improve investor confidence in the organisation.

Question $4$

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Which ONE of the following has a major influence on pricing decisions?

$($a$)$ Suppliers

$($b$)$ Employees

$($c$)$ Shareholders

$($d$)$ Customer demand

Select one:

a$.$

Customer demand

b$.$

Shareholders

c$.$

Suppliers

d$.$

Employees

Question $5$

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Which of the following statements regarding strategy are correct?

$(1)$ Strategy involves only the board.

$(2)$ Strategy involves only senior managers.

$(3)$ Strategy involves managers at all levels.

$(4)$ Strategy involves only senior and middle managers.

$(5)$ Strategy involves only the senior managers and the board of directors.

$($a$)$ Statement $(1)$

$($b$)$ Statement $(3)$

$($c$)$ Statements $(3),(4)$ and $(5)$

$($d$)$ Statements $(1),(4)$ and $(5)$