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The total production of the mobile company last week is 195,000 items. The design capacity of the factory of this company is 900 items per hour. The effective capacity of this factory is 160,000 items. The staff of this factory operate 5days/week, 5 and 9 hour shift.
a. Find the design capacity of this factory
b. calculate the capacity utilization of this factory
Rural communities in Ghana are scattered,have smaller population and population densities and therefore it is economically unwise to provide them with social amenities to the expense of densely populated urban communities. In the light of the above
a.explained two reasons to agree with the above statement
b.explain three reasons in support of rural development
Aztec Products wishes to evaluate its cash conversion cycle (CCC). Research by one of the
firm’s financial analysts indicates that on average the firm holds items in inventory for 65
days, pays its suppliers 35 days after purchase, and collects its receivables after 55 days.
The firm’s annual sales (all on credit) are about R2.1 billion, its cost of goods sold represent
about 67 percent of sales, and purchases represent about 40 percent of cost of goods sold.
Assume a 365-day year.
3.1 (7 points) What is Aztec Products’ cash conversion (CCC)?
3.2 (3 points) If Aztec could shorten its CCC by 5 days, would it be best to reduce the
inventory holding period, reduce the receivable collection period, or extend the
accounts payable period? Why?
3.3 (3 points) How should the firm manage its inventory, accounts receivable, and
accounts payable in order to reduce the length of its cash conversion cycle?

If Aztec could shorten its CCC by 5 days, would it be best to reduce the inventory holding period, reduce the receivable collection period, or extend the accounts payable period? Explain why.


1.     Total Quality Management (TQM) is an enhancement to the traditional way of doing business. It is defined both a philosophy and a set of guiding principles that represent the foundation of a continuously improving organization. Referring to the statement, discuss why TQM may be difficult to achieve in a short period of time for a company that has placed a low priority on the quality initiatives over the years.

(10 Marks)




Two firms dominate the cinema industry in South Africa: Ster‐Kinekor and Nu Metro. Although
these firms essentially offer a homogeneous product, each firm attempts to differentiate itself in the eyes of customers.

Q.2.1 Identify the type of market/industry structure that is applicable to the cinema
industry in South Africa. Justify your answer by referring to the main characteristics
of this market structure.
Q.2.2 Explain the concept of non‐price competition in the context of the cinema industry
using examples to illustrate your answer.
Q.2.3 Government may prevent possible abuse of market power by these firms within the
industry. How would the government achieve this?
Billy is a star player for the Los Angeles Lakers basketball team. He is close to breaking the major league record during one season, and it is widely anticipated that in the next game he will break that record. As a result, tickets for the team’s next game have been a hot commodity. But today it is announced that, due to a knee injury, he will not in fact play in the team’s next game. Assume that season ticket-holders are able to resell their tickets if they wish.

Use supply and demand diagrams to explain the following
a) Show the case in which this announcement results in a lower equilibrium price and a lower equilibrium quantity than before the announcement.
b) Show the case in which this announcement results in a lower equilibrium price and a higher equilibrium quantity than before the announcement.
c) What accounts for whether case (a) or case (b) occurs?
A Chinese import and export company concluded a Sales Contract with a Holland firm on August 5th, 2018, selling a batch of certain commodity. The contract was based on CIF Rotterdam at USD 2500 per metric ton. The Chinese company delivered the goods in compliance with the contract and obtained a clean-on-board Bill of Lading. During transportation, however, 100 metric tons of the goods got lost because of rough sea. Upon arrival of the goods, the price of the contracted goods went down quickly. The buyer refused to take delivery of the goods and effect payment and claimed damages from the sellerHow would you deal with this case? Please write at least 180 words.
According to CISG, a contract can be established when ( )
A. an acceptance arrives at the offeror
B. both seller and buyer sign on a written contract
C. the contract is approved by authorities
D. an offer reaches the offeree
Billy is a star player for the Los Angeles Lakers basketball team. He is close to breaking the major league record during one season, and it is widely anticipated that in the next game he will break that record. As a result, tickets for the team’s next game have been a hot commodity. But today it is announced that, due to a knee injury, he will not in fact play in the team’s next game. Assume that season ticket-holders are able to resell their tickets if they wish.

c) What accounts for whether case (a) or case (b) occurs?
d) Suppose that a scalper (a person who resells tickets at a large or quick profit) had secretly learned before the announcement that Billy would not play in the next game. What actions do you think he would take?
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